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kewp.
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August 16, 2007 at 10:22 AM #9899August 16, 2007 at 11:00 AM #76389
kewp
ParticipantHeh, while I’m a huge fan of Schiff, I always wanted to ask him why he assumed the US markets were operating in a bubble.
I just saw him on a recent TV appearance and I kinda inferred that his take is that when alls said and done, at least you are holding onto an asset thats not denominated in dollars.
Remember, you get double-dinged for falling US assets as long as the dollar is continuing its downward slide.
August 16, 2007 at 11:00 AM #76509ParticipantHeh, while I’m a huge fan of Schiff, I always wanted to ask him why he assumed the US markets were operating in a bubble.
I just saw him on a recent TV appearance and I kinda inferred that his take is that when alls said and done, at least you are holding onto an asset thats not denominated in dollars.
Remember, you get double-dinged for falling US assets as long as the dollar is continuing its downward slide.
August 16, 2007 at 11:00 AM #76534ParticipantHeh, while I’m a huge fan of Schiff, I always wanted to ask him why he assumed the US markets were operating in a bubble.
I just saw him on a recent TV appearance and I kinda inferred that his take is that when alls said and done, at least you are holding onto an asset thats not denominated in dollars.
Remember, you get double-dinged for falling US assets as long as the dollar is continuing its downward slide.
August 16, 2007 at 11:10 AM #76395(former)FormerSanDiegan
Participant“Remember, you get double-dinged for falling US assets as long as the dollar is continuing its downward slide.”
Dollar has actually held up and rallied a bit against the Euro during the recent turmoil.
Schiff gets too much credit. He was calling for todays’ scenario as early as 2002. Some might say he was just ahead of his time. In fact he missed the entire up portion of a business cycle in the U.S. He’s a stopped clock eventually being right.
Schill is just as bad as a RE bull coming out today and calling for a bottom and turn-around in real estate prices. The Bull will eventually be right in 3-5 years, but will have been wrong for most of the down-cycle.
August 16, 2007 at 11:10 AM #76515Participant“Remember, you get double-dinged for falling US assets as long as the dollar is continuing its downward slide.”
Dollar has actually held up and rallied a bit against the Euro during the recent turmoil.
Schiff gets too much credit. He was calling for todays’ scenario as early as 2002. Some might say he was just ahead of his time. In fact he missed the entire up portion of a business cycle in the U.S. He’s a stopped clock eventually being right.
Schill is just as bad as a RE bull coming out today and calling for a bottom and turn-around in real estate prices. The Bull will eventually be right in 3-5 years, but will have been wrong for most of the down-cycle.
August 16, 2007 at 11:10 AM #76540Participant“Remember, you get double-dinged for falling US assets as long as the dollar is continuing its downward slide.”
Dollar has actually held up and rallied a bit against the Euro during the recent turmoil.
Schiff gets too much credit. He was calling for todays’ scenario as early as 2002. Some might say he was just ahead of his time. In fact he missed the entire up portion of a business cycle in the U.S. He’s a stopped clock eventually being right.
Schill is just as bad as a RE bull coming out today and calling for a bottom and turn-around in real estate prices. The Bull will eventually be right in 3-5 years, but will have been wrong for most of the down-cycle.
August 16, 2007 at 11:35 AM #76409ParticipantSchiff gets too much credit. He was calling for todays’ scenario as early as 2002. Some might say he was just ahead of his time. In fact he missed the entire up portion of a business cycle in the U.S. He’s a stopped clock eventually being right.
And how much of those gains can be explained by inflation? His strategy has consistently *beaten* domestic market gains once you factor in the declining dollar.
Heck, while hedge funds are bombing left and right the one he manages is up 375% this year!
If anything the guy doesn’t get enough credit.
August 16, 2007 at 11:35 AM #76530ParticipantSchiff gets too much credit. He was calling for todays’ scenario as early as 2002. Some might say he was just ahead of his time. In fact he missed the entire up portion of a business cycle in the U.S. He’s a stopped clock eventually being right.
And how much of those gains can be explained by inflation? His strategy has consistently *beaten* domestic market gains once you factor in the declining dollar.
Heck, while hedge funds are bombing left and right the one he manages is up 375% this year!
If anything the guy doesn’t get enough credit.
August 16, 2007 at 11:35 AM #76555ParticipantSchiff gets too much credit. He was calling for todays’ scenario as early as 2002. Some might say he was just ahead of his time. In fact he missed the entire up portion of a business cycle in the U.S. He’s a stopped clock eventually being right.
And how much of those gains can be explained by inflation? His strategy has consistently *beaten* domestic market gains once you factor in the declining dollar.
Heck, while hedge funds are bombing left and right the one he manages is up 375% this year!
If anything the guy doesn’t get enough credit.
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