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Dollar Bear: China’s Simple Solution

Baltimore — (TFN):  As China grapples with the consequences of its devastating earthquake, it is finally confronting the destabilizing forces bubbling up beneath its economic landscape. This week, several key Chinese officials, usually not known for their candor, conspicuously noted the need to both stimulate domestic consumer spending and bring down roaring inflation. While at [...]

Dollar Bear: Fundamentals still favor gold

by Peter Schiff Baltimore — (TFN): With what many have described as a flash of monetary discipline worthy of Paul Volcker, Ben Bernanke reduced short-term interest rates this week to a mere 2%, apparently turning a deaf ear to those on Wall Street who wanted more. But now that the dollar-crushing side effects of cheap money [...]

Dollar Bear: Bernanke in Wonderland

"By allowing the accumulation of even more taxpayer guaranteed debt, the moves will merely delay and exacerbate the housing problems and will increase the size of losses when these two government sponsored enterprises ultimately fail." — Peter Schiff by Peter Schiff   Baltimore — (TFN): How do you know when you’re through the looking glass? A fairly good indication [...]

Dollar Bear: The fire sale of the American economic base continues

"The reality is that despite some genuine economic growth abroad, governments are creating so much inflation that food prices are raising anyway." — Peter Schiff by Peter Schiff Baltimore — (TFN): As the US economic ship continues to spring leaks, the goldilocks crowd still clings to the false belief that the Fed can easily keep us afloat [...]

Market Outlook: Inflation versus deflation in 2008

"The more catastrophic scenario is one where asset prices hold steady or even resume their ascent, while consumer goods prices rise even faster. This of course is the hyper-inflation scenario, and is the worst possible outcome." — Peter Schiff by Peter Schiff Baltimore —(TFN): Among those rational enough to perceive the looming economic downturn, a heated debate has arisen [...]

Dollar Bear: Bush’s mortgage bail-out plan is the Mother of All Bad Ideas

"Lenders will be on the hook for more losses than had the foreclosures taken place sooner. Of course, as these chickens will likely come home to roost after the next election, that’s a trade-off incumbent politicians will happily make." — Peter Schiff by Peter Schiff, TFN Baltimore — (TFN): Without question, the Bush administration’s mortgage rescue [...]

Free Special Report: The Shameful Truth About the CPI

“By understating the true rate of inflation, the government saves an enormous amount of money because so many programs’ benefits escalate with the CPI. These expenditures include social security benefits for approximately 48 million people.” — Peter Schiff by Peter Schiff, Europacific Capital Baltimore — (TFN): The price increases that consumers face at [...]

Dollar Bear: The end of the consumer economy

"The credit crunch will spread from mortgages to auto loans and to all forms of consumer lending. The days of Americans borrowing to consume are finally coming to a long over due end. Within a few years most will only be able to buy those goods they can afford to pay for with cash." — [...]

Decline of the Dollar: European manufacturers are beginning to hurt

“Another 10% appreciation of the euro against the dollar would cost the European economies half a percentage point in economic growth. While manufacturers and exporters still are sitting on solid order backlogs, it remains to be seen if orders keep coming in when exchange rates alone are adding a 10% premium to European products…” — [...]

Dollar Decline: “Heads, we win. Tails, you lose.”

“In December, OPEC nations will convene to discuss continuing their dollar pegs. If they were looking for a reason to drop them, the Fed may have just provided it.” — Peter Schiff by Peter Schiff, TFN Baltimore — (TFN): As internal debates in the Gulf and Asian nations intensify over the need to continue propping up the U.S. [...]

Dollar Bear: Subprime Consumers

“How absurd is it for Italians to come to New York to buy Italian made shoes cheaper than they can find them in Milan? Does it make sense for foreign producers to offer products to Americans for less than their own citizens? Of course not. In short order the free market will correct this by [...]