Peter Schiff Expects a New Low in Nominal Terms

Here's a Peter Schiff video blog post on Thursday April 9, 2009 via the PeterSchiffChannel. Sometimes it gets fuzzy but check it out. I plan on looking at currencies and homebuilding numbers this weekend.

"I'm still convinced here in the U.S that we're looking at a bear market rally. I still expect the U.S market to make a new low in nominal terms. If it doesn't make a new low it will only be because inflation is so..... that a new low is not possible nominally. The market will make many many new lows in terms of (inflation?) or other foreign currencies that will lose less value than the (US) Dollar. But I think some of the markets abroad, uh these rallies could be more legitimate and long lasting........