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May 2010



Peter Schiff - Is Sovereign Debt Crisis Contained to Subprime?

May 07, 2010 – Comments (3)

As Americans observe the chaos in Greece, most assume that the strength of our currency, the credit worthiness of our government, and the vast expanse of two oceans, will prevent a similar scene from playing out in our streets. I believe these protections to be illusory.

Once again the vast majority fails to see a crisis in the making, even as it stares at them from close range. Just as market observers in 2007 told us that the credit crisis would be confined to the subprime mortgage market, current analysts tell us that sovereign debt problems are confined to Greece, Spain, Portugal, and perhaps Italy. They were wrong then, and I believe that they're wrong now.  [more]



Peter Schiff on BNN - Midday Markets April 22 2010

May 05, 2010 – Comments (0) | RELATED TICKERS: FMCC , FNMA , GS

Granted, it's about 2 weeks old, but I just found it:  [more]

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