In the perspective of previous bear markets, notably those … - Peter Schiff

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In the perspective of previous bear markets, notably those of the 1930s and the 1970s, the prospects look even worse. Economic conditions now are as bad as or worse than what existed then.

Peter Schiff

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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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Alternative Names: Peter David Schiff

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Alan Greenspan Henry Hazlitt John Kenneth Galbraith Benjamin Graham Michael Hudson

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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)

Stocks that are selected conservatively and pay high cash dividends [higher than bonds] are, in fact, my favorite investment alternative, especially where there is the prospect of currency profits....

It is a common misconception that low wages are the main factor influencing prices. The reality is that low capital costs, and the absence of taxation and regulation, are far more important.

In the perspective of previous bear markets, notably those of the 1930s and the 1970s, the prospects look even worse. Economic conditions now are as … - Peter Schiff

About Peter Schiff

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Additional quotes by Peter Schiff