Sunday, December 2, 2012

Peter Schiff: Black Friday and Cyber Monday not healthy for the US economy

Peter Schiff, the CEO and Chief Global Strategist of Euro Pacific Capital, explains why Black Friday and Cyber Monday are not healthy for the US economy, as so many people seem to believe.

He then elaborates on how the markets have responded to the likelihood that Congress will continue to kick the can of deficit reduction down the road by avoiding the fiscal cliff.

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