Biff, Laffer and Stein were useless but Schiff has really not been right – I clearly remember his advice around that time being to buy European equities on the basis that things were not as bad here.
Here’s some more in-depth analysis from Mike “Mish” Shedlock, who I like and think is very sensible.
What….if there were any evidence that you put your money where your mouth was, then you would have made a lot of it. Not having the balls to act is as bad as being wrong.
Buy TBT, MOO, XLB
We bought F yesterday. The May SAAR auto numbers are going to be better than expected on Tuesday.
“Good morning Biff! I know Peter Shciff very well, he is in Charge of Pacific Euro Capital and wrote the book “Crash Proof” but his fund lost 27% in the ’08 meltdown. Why you ask?? He dranked the Kool-Aid and smoked the crack!”
What, yes, I think the video says as much, if not more, about all of the yay-sayers as it does about Peter. I guess he got tired of continually being told he was crazy and started to believe he was and then made the same investment mistakes as everybody else.
snappy, the real net net is most of that bond holder money goes to the biggest benefactors in these proceedings – the SHARKY lawyers. This is likely a $500M payday for the lawyers
I love to cut and paste. And when my predictions do not come to pass, I deny everything. That is the joy of this site. I can be a revisionist historian.
M4L, I’ve had cushy corporate gigs before reviewing contracts…hated it! I’ve never been so sleepy in my life! I’m a shark and a shark belongs in the courtroom 🙂
Roubini went positive on Korea yesterday. Buy KEF & EWY. Buy more if N. Korea launches a strike.
Biff, Laffer and Stein were useless but Schiff has really not been right – I clearly remember his advice around that time being to buy European equities on the basis that things were not as bad here.
Here’s some more in-depth analysis from Mike “Mish” Shedlock, who I like and think is very sensible.
http://globaleconomicanalysis.blogspot.com/2009/01/peter-schiff-was-wrong.html
What….if there were any evidence that you put your money where your mouth was, then you would have made a lot of it. Not having the balls to act is as bad as being wrong.
Buy TBT, MOO, XLB
We bought F yesterday. The May SAAR auto numbers are going to be better than expected on Tuesday.
“Good morning Biff! I know Peter Shciff very well, he is in Charge of Pacific Euro Capital and wrote the book “Crash Proof” but his fund lost 27% in the ’08 meltdown. Why you ask?? He dranked the Kool-Aid and smoked the crack!”
What, yes, I think the video says as much, if not more, about all of the yay-sayers as it does about Peter. I guess he got tired of continually being told he was crazy and started to believe he was and then made the same investment mistakes as everybody else.
snappy, the real net net is most of that bond holder money goes to the biggest benefactors in these proceedings – the SHARKY lawyers. This is likely a $500M payday for the lawyers
I love to cut and paste. And when my predictions do not come to pass, I deny everything. That is the joy of this site. I can be a revisionist historian.
M4L, I hope your fate is better than mine and you never end up in a predicament with a Jackass!
M4L, I’ve had cushy corporate gigs before reviewing contracts…hated it! I’ve never been so sleepy in my life! I’m a shark and a shark belongs in the courtroom 🙂
BRG, I know the last 2 words – predicament and jackass