Low Rates, Big Problems – Peter Schiff

Monday, December 8, 2008 8:37
Posted in category Credit, Economists, Economy, Federal Reserve, Inflation, Money, Peter Schiff
No Comments

By Peter Schiff

Government and mainstream economists have erroneously concluded that the key to reversing the financial free fall can be found in stopping the plunge in home prices. (I would offer the corollary that the key to reducing injuries in auto accidents is to suspend the laws of inertia). But to accomplish the improbable task of re-inflating the housing bubble, the government appears ready to announce a coordinated plan to push down mortgage rates to just 4.5%. Of course, this is precisely the wrong solution to the housing crisis, but when it comes to bad ideas our government has been remarkably consistent.

The Full Article

Related posts:

  1. VIDEO: Peter Schiff’s Predictions (From 2006!)

You can leave a response, or trackback from your own site.
Tags: , , , , , , ,

Leave a Reply

« Tribune Co. Going Bankrupt
Beware of the “Sucker Clause” Rally »
Legal Disclaimer All stock price information provided by Charting Stocks is for informational purposes only and is not intended for trading purposes. Neither Charting Stocks nor its affiliates guarantee the accuracy, completeness, or sequence of any stock price information or other data displayed or in the transmission of any stocks price information or data. The stock price information is not to be relied upon for trading, business or financial purposes and Charting Stocks and its service providers are not liable or responsible in any way for any damages, losses or costs arising from the reliance of this information or incurred as a result of the non performance, interruption or termination for any reason whatsoever of the stock price information provided. It is urged that you consult with your financial professional before making any decisions related to buying or selling securities.