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July 16, 2013

Eventually You Are Going To See A Real Attack On The Dollar

"Eventually you are going to see a real attack on the dollar and on the US treasury market and the Federal Reserve`s ability to maintain artificially low interest rates without destroying the dollar. I mean, we are going to come to that point. It`s not there yet and I think one of the reasons is Ben Bernanke had to do some damage control as far as talking back tightening because he is already very nervous about the reaction that he did not anticipate in the bond market and how it is going to affect mortgage rates and the housing bubble that he is trying to reflate." - in CNBC

Related stocks and ETFs: Financial Select Sector SPDR (XLF), Bank Of America (BAC), JP Morgan (JPM), SPDR SP 500 Index ETF (SPY), iShares Barclays 20+ Yr Treasury Bond ETF (TLT), iShares Lehman 7-10 Yr Treas. Bond ETF (IEF)

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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