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October 22, 2010

The US Consumer Is A Drag On The World Economy, Not An Engine For Growth

"But the world is learning what Peter Schiff has long predicted: that the US consumer is a drag on the world economy, not an engine for growth. As "decoupling" becomes more apparent, emerging economies are forming trade links among themselves, accelerating the process of decline for the United States."

Neeraj Chaudhary, Investment Consultant at Euro Pacific Capital in Benzinga

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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