I have been listening to this guy since 2006, most of my earlier posts on here were some of his articles......everytime there is an interview on cnbc or fox with him, others laugh and say that he has no idea what he is talking about, well this interview from 2006 is just PRICELESS, he predicted everything perfectly, while Arthur Laffer just sat back and thought he was crazy.....so crazy he bet him 1 penny that he would be wrong on everything from the housing collapse and credit crisis.... (2:30) (4:35).....if you dont know who peter schiff is start reading his articles and books and watch some of his classic interviews on cnbc and fox.... <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/LfascZSTU4o&hl=en"></param><embed src="http://www.youtube.com/v/LfascZSTU4o&hl=en" type="application/x-shockwave-flash" width="425" height="344"></embed></object>
danielle babb (real estate "analyst") vs Peter Schiff. November 2007, boy was she WRONG. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/5Cg6e-peVXo&hl=en"></param><embed src="http://www.youtube.com/v/5Cg6e-peVXo&hl=en" type="application/x-shockwave-flash" width="425" height="344"></embed></object>
I don't know if either was really wrong. The one guy agreed on recession the other just said it was going to be a depression.
Peter Schiff, May 9th 2002: - "We're just in the very early stages of a gigantic bear market, the Dow will fall to somewhere between 2000 and 4000" - "This is just the beginning of the recession, it's going to get much much worse" - "The debt induced housing boom is about to stall this or next year" LOL Boy was he wrong. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/rhJaVEWAG24&hl=en"></param><embed src="http://www.youtube.com/v/rhJaVEWAG24&hl=en" type="application/x-shockwave-flash" width="425" height="344"></embed></object> Peter Schiff, June 2005: - "People think the Nasdaq lows of 2002 were 'the' lows. The Nasdaq went to 1,100 in 2002, we're now around 2,000. I still think we're going to 500." <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/KjrSsd2ipvI&hl=en"></param><embed src="http://www.youtube.com/v/KjrSsd2ipvI&hl=en" type="application/x-shockwave-flash" width="425" height="344"></embed></object> A broken clock is only right twice a day.
I hope you can do some more research and make some more informed opinions... I sincerely wish you luck with that.
My Europac account is up huge since 2004.. HUGE.. Peter is almost never wrong.. He's the best market prophet out there....
makloda, free markets and the gold standard is the true path to freedom and prosperity. peter schiff marc faber jim rogers henry hazlitt friedrich hayek ron paul <b>educate yourself</b>
Not sure if you missed it, but I didn't post any of my opinions but I simply quoted Peter Schiff. The truth hurts, fanboys, doesn't it?
Were you not around when the Fed did the most insanely stupid and illogical move to keep interest rates at 1%? Not even the mighty Peter Schiff thought anyone would be that stupid.
Has Mr. Schiff ever had a bullish outlook? Everything that I can recall hearing him say has had a gloom-&-doom feel to it. Just as StockTrader3 and the other permabulls had their time in the sun, the permabears will have periods of mkt meltdown when they may be viewed as prescient. Neither has ever helped my bottom line... R