December 1, 2010

Europe Is Making Some Very Bad Decisions.

"Europe is making some very bad decisions with respect to the whole region and the currency. They should not have bailed out Greece and Ireland, they should have allowed them to restructure their debt, and allowed their bondholders to take losses. Countries would now want to go into debt because they want those bailouts and the countries that are responsible get stuck with the bill."

in Reuters, today

Related: PowerShares DB US Dollar Index Bearish (NYSE:UDN), PowerShares DB US Dollar Index Bullish (NYSE:UUP)

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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