… of course, Peter Schiff went bearish on US equities in 2002, so even his timing was off… way off.
Not really, all the gains since then have barely kept up with inflation. Once you factor in the declining dollar, there is much more money to be made in the global market.
While I think Schiff is great, I do differ with his opinion on a few key areas.
One, if he is right and the dollar is going to collapse and the global market take of, that will make us *much* more competitive. We still have lots of natural resources, hard workers and efficiently run businesses.
Two, I don’t see how our economy can collapse without taking at least some of the global market with it.
