Tuesday, November 25, 2008
Peter Schiff get the last laugh
Over the last couple of years, Peter Schiff made some dire predictions about an impending economic collapse. He was openly laughed at by many "experts" in the financial community. He also predicted the collapse of the U.S. dollar. I suspect that he is right about the currency collapse, just a bit off in the timing.
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4 comments:
WOW!!! Talk about one man being so right, while so many were so wrong.
"Sometimes the majority only means that all the fools are on the same side."
So much of what Peter Schiff says seems so right. Funny its all first-year macro economics yet he was one of the few guys with the brains and balls to call it.
Even though you posted this ages ago, thanks! I went to Chapters last night and read half his new book (of course I didn't buy it, he does recommend cutting expenses!). Please keep blogging... or are you busy buying gold and foreign equities? haha.
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