Mr. Doom – Peter Schiff was wrong

[kewp]

The first rule of investment is; don’t lose money!

And Schiff lost big time.

Not only was he wrong; he was 180 degrees wrong. You would have been better off buying U.S. real estate and stocks instead of his picks. As messed up as we are; the rest of the world is worse. And less diversified than us to boot.

Don’t sell America short!

[Bubblesitter]

He still may be “right”, just early.

I hope not, otherwise we are all f’ed.

I agree on “Don’t sell America Short”. We still have the most innovative, entrepreneurial, creative people in the world. Economically, we are in for a couple years of a rough patch, but I am certainly confident in an eventual turnaround.

Bubblesitter

[Bubblesitter]

He still may be “right”, just early.

I hope not, otherwise we are all f’ed.

I agree on “Don’t sell America Short”. We still have the most innovative, entrepreneurial, creative people in the world. Economically, we are in for a couple years of a rough patch, but I am certainly confident in an eventual turnaround.

Bubblesitter

[Bubblesitter]

He still may be “right”, just early.

I hope not, otherwise we are all f’ed.

I agree on “Don’t sell America Short”. We still have the most innovative, entrepreneurial, creative people in the world. Economically, we are in for a couple years of a rough patch, but I am certainly confident in an eventual turnaround.

Bubblesitter

[Bubblesitter]

He still may be “right”, just early.

I hope not, otherwise we are all f’ed.

I agree on “Don’t sell America Short”. We still have the most innovative, entrepreneurial, creative people in the world. Economically, we are in for a couple years of a rough patch, but I am certainly confident in an eventual turnaround.

Bubblesitter

[Bubblesitter]

He still may be “right”, just early.

I hope not, otherwise we are all f’ed.

I agree on “Don’t sell America Short”. We still have the most innovative, entrepreneurial, creative people in the world. Economically, we are in for a couple years of a rough patch, but I am certainly confident in an eventual turnaround.

Bubblesitter

[Dukehorn]

I’ll disagree a bit with the last post.

We have some of the most creative high tech folks out there working within the boundaries of the law. True.

We also have some of the greediest and creative SOBs out there that have played havoc on our economy.

The question is which side wins. Furthermore, this notion that more than half of our population probably doesn’t understand evolution or what it means (we rank below Turkey), raises serious doubts of our future as the leading technology state out there (think that’s well backed by just looking at the number of foreign PhDs we’re training for India and China).

I won’t sell us short, but let’s limit the puffery…..

[Dukehorn]

I’ll disagree a bit with the last post.

We have some of the most creative high tech folks out there working within the boundaries of the law. True.

We also have some of the greediest and creative SOBs out there that have played havoc on our economy.

The question is which side wins. Furthermore, this notion that more than half of our population probably doesn’t understand evolution or what it means (we rank below Turkey), raises serious doubts of our future as the leading technology state out there (think that’s well backed by just looking at the number of foreign PhDs we’re training for India and China).

I won’t sell us short, but let’s limit the puffery…..

[Dukehorn]

I’ll disagree a bit with the last post.

We have some of the most creative high tech folks out there working within the boundaries of the law. True.

We also have some of the greediest and creative SOBs out there that have played havoc on our economy.

The question is which side wins. Furthermore, this notion that more than half of our population probably doesn’t understand evolution or what it means (we rank below Turkey), raises serious doubts of our future as the leading technology state out there (think that’s well backed by just looking at the number of foreign PhDs we’re training for India and China).

I won’t sell us short, but let’s limit the puffery…..

[Dukehorn]

I’ll disagree a bit with the last post.

We have some of the most creative high tech folks out there working within the boundaries of the law. True.

We also have some of the greediest and creative SOBs out there that have played havoc on our economy.

The question is which side wins. Furthermore, this notion that more than half of our population probably doesn’t understand evolution or what it means (we rank below Turkey), raises serious doubts of our future as the leading technology state out there (think that’s well backed by just looking at the number of foreign PhDs we’re training for India and China).

I won’t sell us short, but let’s limit the puffery…..

[Dukehorn]

I’ll disagree a bit with the last post.

We have some of the most creative high tech folks out there working within the boundaries of the law. True.

We also have some of the greediest and creative SOBs out there that have played havoc on our economy.

The question is which side wins. Furthermore, this notion that more than half of our population probably doesn’t understand evolution or what it means (we rank below Turkey), raises serious doubts of our future as the leading technology state out there (think that’s well backed by just looking at the number of foreign PhDs we’re training for India and China).

I won’t sell us short, but let’s limit the puffery…..

[NotCranky]

In what order is he these things,
salesman, businessman, economist,human being? To what degree of intensity, perfection ect., is he each of these things.

Unfortunately many average people just see these guys, and similar that are available at all levels ,bull or bear, as “experts” and defer to one or another of them.Much pain has come from this.

Someone very close to me has lost a lot of money at an advanced age despite the fact that I have told them so much of what was coming for the last 3-4 years, This is because, as is probably obvious I lack ” expertise”. Having gotten a lot of it from piggingtons didn’t help!

I was actually at a meeting with this individual at their finacial advisors office a few months back.He was really on the spot but I was pretty tame due to the fact that it still really isn’t much of my business. In front of God and everybody my relation said nobody could have known any of this was going to happen. Ouch!

He is still the expert… they chose to go to an uninsured annuity with an insurance company with some of what is left.I guess capital presevation is good sooner or later. I am not sure if this is a good investment but it seems uninsured and locked in doesn’t sound good at this time? Well, I am a little prejudice because the same expert just lost a big portion of the nest egg of a couple of seventy year olds in private investment accounts. I’d have to bite my toungue even if I was sure it was bad deal…for lack of “expertise”.

[NotCranky]

In what order is he these things,
salesman, businessman, economist,human being? To what degree of intensity, perfection ect., is he each of these things.

Unfortunately many average people just see these guys, and similar that are available at all levels ,bull or bear, as “experts” and defer to one or another of them.Much pain has come from this.

Someone very close to me has lost a lot of money at an advanced age despite the fact that I have told them so much of what was coming for the last 3-4 years, This is because, as is probably obvious I lack ” expertise”. Having gotten a lot of it from piggingtons didn’t help!

I was actually at a meeting with this individual at their finacial advisors office a few months back.He was really on the spot but I was pretty tame due to the fact that it still really isn’t much of my business. In front of God and everybody my relation said nobody could have known any of this was going to happen. Ouch!

He is still the expert… they chose to go to an uninsured annuity with an insurance company with some of what is left.I guess capital presevation is good sooner or later. I am not sure if this is a good investment but it seems uninsured and locked in doesn’t sound good at this time? Well, I am a little prejudice because the same expert just lost a big portion of the nest egg of a couple of seventy year olds in private investment accounts. I’d have to bite my toungue even if I was sure it was bad deal…for lack of “expertise”.

[NotCranky]

In what order is he these things,
salesman, businessman, economist,human being? To what degree of intensity, perfection ect., is he each of these things.

Unfortunately many average people just see these guys, and similar that are available at all levels ,bull or bear, as “experts” and defer to one or another of them.Much pain has come from this.

Someone very close to me has lost a lot of money at an advanced age despite the fact that I have told them so much of what was coming for the last 3-4 years, This is because, as is probably obvious I lack ” expertise”. Having gotten a lot of it from piggingtons didn’t help!

I was actually at a meeting with this individual at their finacial advisors office a few months back.He was really on the spot but I was pretty tame due to the fact that it still really isn’t much of my business. In front of God and everybody my relation said nobody could have known any of this was going to happen. Ouch!

He is still the expert… they chose to go to an uninsured annuity with an insurance company with some of what is left.I guess capital presevation is good sooner or later. I am not sure if this is a good investment but it seems uninsured and locked in doesn’t sound good at this time? Well, I am a little prejudice because the same expert just lost a big portion of the nest egg of a couple of seventy year olds in private investment accounts. I’d have to bite my toungue even if I was sure it was bad deal…for lack of “expertise”.

[NotCranky]

In what order is he these things,
salesman, businessman, economist,human being? To what degree of intensity, perfection ect., is he each of these things.

Unfortunately many average people just see these guys, and similar that are available at all levels ,bull or bear, as “experts” and defer to one or another of them.Much pain has come from this.

Someone very close to me has lost a lot of money at an advanced age despite the fact that I have told them so much of what was coming for the last 3-4 years, This is because, as is probably obvious I lack ” expertise”. Having gotten a lot of it from piggingtons didn’t help!

I was actually at a meeting with this individual at their finacial advisors office a few months back.He was really on the spot but I was pretty tame due to the fact that it still really isn’t much of my business. In front of God and everybody my relation said nobody could have known any of this was going to happen. Ouch!

He is still the expert… they chose to go to an uninsured annuity with an insurance company with some of what is left.I guess capital presevation is good sooner or later. I am not sure if this is a good investment but it seems uninsured and locked in doesn’t sound good at this time? Well, I am a little prejudice because the same expert just lost a big portion of the nest egg of a couple of seventy year olds in private investment accounts. I’d have to bite my toungue even if I was sure it was bad deal…for lack of “expertise”.

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