Mr. Doom – Peter Schiff was wrong

[Bubblesitter]

I’ve come to believe that the only one you can trust with your own money is yourself.

I have spent countless hours trying to educate myself on the financial world and the best places to put my hard earned money, even going so far as getting a part-time MBA with finance concentration a few years back. I lost a bundle in the dot com collapse, and I don’t want to repeat it this this debacle.

Many of the “experts” on Wall street are well versed on how to maximize their own personal gain. Many financial advisors are not worth their salt.

It is truly caveat emptor out there.

That being said, Peter Schiff has been right about alot of things and was a proverbial “canary in the coalmine” at the peak of the bubble.

Bubblesitter

[temeculaguy]

He was right about a number of things and he is fun to watch. Where he goofed is failing to understand that the world is no longer a horse race, that the west, europe and asia are too intertwined now. He used Asia and europe as a hedge, hoping they would win the game as if it were like football. It is no longer a football game, it is more like cycling, where the team needs and uses each other. I’ve reached three sports analogies and that is the limit.

[temeculaguy]

He was right about a number of things and he is fun to watch. Where he goofed is failing to understand that the world is no longer a horse race, that the west, europe and asia are too intertwined now. He used Asia and europe as a hedge, hoping they would win the game as if it were like football. It is no longer a football game, it is more like cycling, where the team needs and uses each other. I’ve reached three sports analogies and that is the limit.

[temeculaguy]

He was right about a number of things and he is fun to watch. Where he goofed is failing to understand that the world is no longer a horse race, that the west, europe and asia are too intertwined now. He used Asia and europe as a hedge, hoping they would win the game as if it were like football. It is no longer a football game, it is more like cycling, where the team needs and uses each other. I’ve reached three sports analogies and that is the limit.

[temeculaguy]

He was right about a number of things and he is fun to watch. Where he goofed is failing to understand that the world is no longer a horse race, that the west, europe and asia are too intertwined now. He used Asia and europe as a hedge, hoping they would win the game as if it were like football. It is no longer a football game, it is more like cycling, where the team needs and uses each other. I’ve reached three sports analogies and that is the limit.

[temeculaguy]

He was right about a number of things and he is fun to watch. Where he goofed is failing to understand that the world is no longer a horse race, that the west, europe and asia are too intertwined now. He used Asia and europe as a hedge, hoping they would win the game as if it were like football. It is no longer a football game, it is more like cycling, where the team needs and uses each other. I’ve reached three sports analogies and that is the limit.

[CA renter]

Firstly, congratulations to Bubblesitter on your calls on the “risk averse” thread. Looks like you should have done alright for yourself over the past couple of years. 🙂

Secondly, many housing bears were scoffed at (like Peter Schiff) when they were calling the housing market a bubble back in the 2001-2005 timeframe. IMHO, they were early **and correct.** Unlike some, I think getting your money out of a risky market that is peaking is more important than trying to extract the very last dollar during a bull run.

I’ve long been a deflationist, and still think we are going to see severe deflationary effects going forward. In the meantime, there are inflationary forces that are very likely to cause a currency crisis before this is all over, IMHO. IOW, there is no easy answer, and the people who make the correct calls all the way through this debacle will be very few and far between.

[CA renter]

Firstly, congratulations to Bubblesitter on your calls on the “risk averse” thread. Looks like you should have done alright for yourself over the past couple of years. 🙂

Secondly, many housing bears were scoffed at (like Peter Schiff) when they were calling the housing market a bubble back in the 2001-2005 timeframe. IMHO, they were early **and correct.** Unlike some, I think getting your money out of a risky market that is peaking is more important than trying to extract the very last dollar during a bull run.

I’ve long been a deflationist, and still think we are going to see severe deflationary effects going forward. In the meantime, there are inflationary forces that are very likely to cause a currency crisis before this is all over, IMHO. IOW, there is no easy answer, and the people who make the correct calls all the way through this debacle will be very few and far between.

[CA renter]

Firstly, congratulations to Bubblesitter on your calls on the “risk averse” thread. Looks like you should have done alright for yourself over the past couple of years. 🙂

Secondly, many housing bears were scoffed at (like Peter Schiff) when they were calling the housing market a bubble back in the 2001-2005 timeframe. IMHO, they were early **and correct.** Unlike some, I think getting your money out of a risky market that is peaking is more important than trying to extract the very last dollar during a bull run.

I’ve long been a deflationist, and still think we are going to see severe deflationary effects going forward. In the meantime, there are inflationary forces that are very likely to cause a currency crisis before this is all over, IMHO. IOW, there is no easy answer, and the people who make the correct calls all the way through this debacle will be very few and far between.

[CA renter]

Firstly, congratulations to Bubblesitter on your calls on the “risk averse” thread. Looks like you should have done alright for yourself over the past couple of years. 🙂

Secondly, many housing bears were scoffed at (like Peter Schiff) when they were calling the housing market a bubble back in the 2001-2005 timeframe. IMHO, they were early **and correct.** Unlike some, I think getting your money out of a risky market that is peaking is more important than trying to extract the very last dollar during a bull run.

I’ve long been a deflationist, and still think we are going to see severe deflationary effects going forward. In the meantime, there are inflationary forces that are very likely to cause a currency crisis before this is all over, IMHO. IOW, there is no easy answer, and the people who make the correct calls all the way through this debacle will be very few and far between.

[CA renter]

Firstly, congratulations to Bubblesitter on your calls on the “risk averse” thread. Looks like you should have done alright for yourself over the past couple of years. 🙂

Secondly, many housing bears were scoffed at (like Peter Schiff) when they were calling the housing market a bubble back in the 2001-2005 timeframe. IMHO, they were early **and correct.** Unlike some, I think getting your money out of a risky market that is peaking is more important than trying to extract the very last dollar during a bull run.

I’ve long been a deflationist, and still think we are going to see severe deflationary effects going forward. In the meantime, there are inflationary forces that are very likely to cause a currency crisis before this is all over, IMHO. IOW, there is no easy answer, and the people who make the correct calls all the way through this debacle will be very few and far between.

[luxuryglow]

Peter Schiff for Senator!

[luxuryglow]

Peter Schiff for Senator!

[luxuryglow]

Peter Schiff for Senator!

[luxuryglow]

Peter Schiff for Senator!

[Author]

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