Tuesday 9 August 2011

Peter Schiff Blog: The Tipping Point

Peter Schiff Blog: The Tipping Point: "The disastrous debt deal in Washington, the subsequent downgrading of U.S. credit, and continuing default fears on both sides of the Atlanti..."

While the historic downgrade of U.S. debt is certainly a major event, the real story is the continued failure of the U.S. economy to recover from recession. From March 2009 to July 2011, the Dow Jones had surged more than 90% on the assumption that the economic crisis was a thing of the past

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