Schiff has said that he doesn’t have a crystal ball on short-term movements and that he advises his clients on long-term investments.
“Wrong on decoupling” is probably the most important point insofar as his investment thesis is concerned, and he would probably say “wrong so far.” We’ll see how the world reacts to trillion dollar deficits.
Schiff is a powerfull spokesperson, and anybody who has not seen this riveting video of Schiff debating the optimists over the last couple of years should do themselves a great favor and watch it:
http://www.youtube.com/watch?v=2I0QN-FYkpw
What Mish has to say about Schiff:
http://globaleconomicanalysis.blogspot.com/2009/01/peter-schiff-was-wrong.html
bfl
Ping
Schiff-Mishapalooza!
I find it really hard to take a person who doesn't know grammar/sentence structure or is too lazy to proofread his own writing seriously.
FMCDH(BITS)