Nov 14, 2014

Rising Prices Do Not Stimulate Consumption

Only a central banker and maybe a Wall Street analyst could somehow come with with this ridiculous theory that it is rising prices that stimulate consumption and falling prices somehow stimulate depression. None of that is true and the Japanese are finding this out the hard way.

Related trading instruments: Yen, USDJPY forex cross, Nikkei 225 Index;

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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