Economy

Vindication for the Doomsayers

by Djerrid

Sometimes it’s good to go back and see who had it right.  Poor Peter Schiff came out again and again on Fox to sound the alarm bell that we borrowed too much to sink into shoddy morgages – and was laughed off every time. If only the nation listened to him 2-3 years ago.

Categories: Economy, Media/Entertainment

Tagged as: , ,

2 replies »

  1. although I didn’t partake in a pool that shorted the subprime mess, the friends who did are all retired. Shorting the subprime mess was a trade on the level of buying brans at 4 and selling them at 13, or buying silver at 6 and selling it st 44. Much money to br msde on either difr of the msrket.
    Jeff

  2. Thanks for posting this. If I were king of the world, all the talking heads predicting more happy days ahead would have all of their pronouncements run 24-hours a day on every netrwork.

    Thanks again.