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Thursday, August 30, 2012

No Real Recovery: Who is at Fault?

According to Peter Schiff, CEO of Euro Pacific Capital, the US Economy is not in a recovery mode. He opines that the loose monetary policy by the Fed and the fiscal policy by the Federal Government is preventing this recovery. He believes that the environment of low interest rates and expansionist fiscal policy created the Real Estate Crisis, the current Bond market bubble, and it is putting off the economic pain. Personally, I think he is on the right track with his line of reasoning. Listen to this interview.



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