Gus Van Horn blog Posted November 23, 2008 Report Share Posted November 23, 2008 By Gus Van Horn from Gus Van Horn,cross-posted by MetaBlog I know I'm late getting to this, but after seeing several different blogs point to this video, it finally dawned on me that it must be pretty good. It is. This is coming from someone who tends not to watch video clips since you can't skim. Observe in only ten minutes how Peter Schiff stood his ground, often in the face of open ridicule, on a series of national television appearances as he accurately predicted the collapse of the Housing Bubble. His arguments are solid. If any of the idiots who pooh-poohed his contention that market fundamentals were lacking had had any sense, they would have been unnerved by his calm, certain demeanor -- and then checked their premises at the first opportunity. Plus, the video is funny. Schiff -- with some help from a thing commonly known as "reality" -- has made complete asses out of the whole lot of them. I think I'll follow Mike N's lead by making a list of Schiff's opponents for future investment reference. It is worth noting that the Dow, which hit something like 7,500 yesterday, was about 13,000 during at least one interview on the clip, and one economist was predicting that it would hit 16,000 within the year. My thanks to all who recommended this video. You have dispensed justice and investment advice at the same time! Who says morality isn't practical? -- CAV PS: Kendall J posts more on "The Continuing Collapse" over at The Crucible and Column. Updates Today: Corrected an error and added a PS. Cross-posted from Metablog Quote Link to comment Share on other sites More sharing options...
fletch Posted November 23, 2008 Report Share Posted November 23, 2008 They arent laughing now. Here is Schiff on CNBC a couple of days ago. Quote Link to comment Share on other sites More sharing options...
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