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In the long run, the euro as a fiat currency may very well fail like the U.S. dollar. (2006, before Greece) - Peter Schiff
" "In the long run, the euro as a fiat currency may very well fail like the U.S. dollar. (2006, before Greece)
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About Peter Schiff
Peter David Schiff (born March 23, 1963) is an American businessman, financial commentator and author noted for his predictions of the housing market crash in 2005, support for unregulated markets and reduction of the powers of federal government. He was a Republican candidate for one of the Connecticut Senate seats, against veteran politician Democrat Chris Dodd.
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Peter David Schiff
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Additional quotes by Peter Schiff
By historical standards and given the gloomy corporate profits outlook in an environment of high corporate debt and rising interest rates, the Dow Jones Industrial Average is considerably overvalued at late-2006 levels and should be avoided. I say that, even setting aside the imminent prospect of a collapsed dollar and the recession and hyperinflation that would accompany it.
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