“By historical standards and given the gloomy corporate profits outlook in an environment of high corporate debt and rising interest rates, the Dow Jones Industrial Average is considerably overvalued at late-2006 levels and should be avoided. I say that, even setting aside the imminent prospect of a collapsed dollar and the recession and hyperinflation that would accompany it.”

—  Peter D. Schiff

Quotes from Crash Proof (2006)

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Peter D. Schiff 40
American entrepreneur, economist and author 1963

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