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March 25, 2011

We Are An Indebted Family...

To me, it's like watching someone walk into the same sliding glass door again and again. Wall Street must know by now that large infusions of liquidity from the Fed spur present consumption at the expense of investment for the future.

We are an indebted family going out for an expensive meal to celebrate getting approved for a new credit card. It might feel good (at the time), but we're still simply delaying the inevitable.

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