Peter Schiff forecasts a depression

Discussion in 'Economics' started by Buzzed, Aug 11, 2010.

  1. Buzzed


    Normally, I would pass this off as another crackpot conspiracy theory. Unfortunately, this is coming from the man who predicted the credit crisis. :(
  2. pspr


  3. He has been predicting a depression since god knows when.

    having said that, for traders, we are already in a depression, not many opportunities available. good R/r ones anyway
  4. cstfx


    Why a depression? Because he lost the primary?
  5. LEAPup


    "We have to stop stimulating. We have to shrink the government and cut government spending dramatically."

  6. He said that it was going to wipe out the poor. Where are they going. To the upper class?:D
  7. soaring prices? in a depression? WTH?
  8. I think so:D Oil is getting hammered.
  9. S2007S


    Peter Schiff is one I like to follow, everyone laughed and laughed and laughed at him when a few short years ago he predicted the housing collapse, I agreed with everything he was saying then and believe everything he is saying now is a certain possibility of becoming true today.
    #10     Aug 11, 2010