“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.
