Skip to comments.Peter Schiff: Markets, Obama, Krugman, Reich (video)
Posted on 09/01/2010 3:04:18 AM PDT by NamVet71MP
SchiffReport right then, right now.
Reader's Digest version: stay out of stock market, gold will rise, oil hasn't risen because rest of world thinks we are going into double dip recession (which we are) but they will soon realize the rest of the world is recovering economically, but the US is not. Food prices will probably go up, and talk of "second stimulus" is really the 4th "stimulus" and would just heap more disaster upon us.
If anyone else wants to add the 4th, 5th, 6th, 7th mins of that tape in an abbreviated form (or if I mistated anything) go ahead.
Amazing. Schiff accurately predicts the financial picture, while the other pundits laugh at him. I think I actually heard one of the others recommend Bear-Stearns as an investment opportunity. One of them says that the Dow would be going up to 16,000 in the next year (that was two years ago).
Schiff is the only one in these video clips who predicts a serious recession and the collapse of home prices.
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