Peter Schiff : This is a Phony Recovery

Euro Pacific Capital CEO Peter Schiff on the impact of Federal Reserve stimulus on the economy " remember it was the FED's easy money that gave us the housing bubble so we wouldn't been in this mess without the FED , now the even easier money that we have now is producing an even bigger bubble in government's bond market ...the economy is going to collapse " says Peter Schiff

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.