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schiff has a thorough lack of understanding of modern ecnomics. I don’t mean to be impolite in making that statement, but he essentially just (with a fair bit of charisma) blabbers the “china won’t buy our bonds, hyperinflation, dollar collapse, QE2 is printing money” blabber du jour.
ironically, despite all the amazing hyperinflation and dollar collapsing, 10 year is yielding 1.7x percent…
He’s predicting future action, not stating current reality.
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incorrectly
jake i think ur right. but right or wrong till we figure this out,we r screwed
poor bastard losing his total ass betting on inflation while deflation rears it’s head.
double LOL on his cheesy pressed shirt although his tie is okay
perter schiff has alway been a TOOL and will always be a TOOL
classic trading what he thinks rather than what he sees.
didn’t lose he poorly pressed cheap shirt during the 08 credit nadir betting on inflation?
i’ve got a great house i can sell him for 4 million that sold for 10M at the peak
he has been buying gold and silver for longer than jake yet he losing money and is a tool? please
like jake said, he’s talking about what’s GOING to happen — let his investments and prior predictions speak for themselves.. the guy wrote a book about exactly how the economy would crumble, then it happened in ’07, ’08, ’09
also he is of austrian economics, a heterodox school of thought. what u consider modern economics he would refute.. seeing as how keynesiasm is failing as we speak, i’m not sure u have much of an argument for “modern economics”