Home › Forums › Financial Markets/Economics › peter schiff critics
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Sandi Egan.
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December 19, 2007 at 7:16 PM #121286December 19, 2007 at 7:28 PM #121064
RDeNiro
ParticipantHis a pretty good salesman… and smart too. But can’t say I completely trust him. I was going to open an account with his firm, but it took more than a week for one of this managers to send me the paperwork, that gave me a really bad impression. The thing with him is, he doesn’t stop selling his firm. I know he wants to make money but… I really want someone who is down to earth.
December 19, 2007 at 7:28 PM #121202ParticipantHis a pretty good salesman… and smart too. But can’t say I completely trust him. I was going to open an account with his firm, but it took more than a week for one of this managers to send me the paperwork, that gave me a really bad impression. The thing with him is, he doesn’t stop selling his firm. I know he wants to make money but… I really want someone who is down to earth.
December 19, 2007 at 7:28 PM #121235ParticipantHis a pretty good salesman… and smart too. But can’t say I completely trust him. I was going to open an account with his firm, but it took more than a week for one of this managers to send me the paperwork, that gave me a really bad impression. The thing with him is, he doesn’t stop selling his firm. I know he wants to make money but… I really want someone who is down to earth.
December 19, 2007 at 7:28 PM #121283ParticipantHis a pretty good salesman… and smart too. But can’t say I completely trust him. I was going to open an account with his firm, but it took more than a week for one of this managers to send me the paperwork, that gave me a really bad impression. The thing with him is, he doesn’t stop selling his firm. I know he wants to make money but… I really want someone who is down to earth.
December 19, 2007 at 7:28 PM #121306ParticipantHis a pretty good salesman… and smart too. But can’t say I completely trust him. I was going to open an account with his firm, but it took more than a week for one of this managers to send me the paperwork, that gave me a really bad impression. The thing with him is, he doesn’t stop selling his firm. I know he wants to make money but… I really want someone who is down to earth.
December 19, 2007 at 8:56 PM #121130stockstradr
ParticipantMy friend is a director at major investment bank, at a branch in San Francisco’s financial center. This is a guy who makes $500,000 a year, has a masters in economics, and is up to his neck every day in global financial markets.
His spin on this? He writes me several weeks ago…
“Hey, I’m now at a insiders’ conference on global financial markets. Mood is very dark. Insiders are running Worst Case Scenarios, and sharing disasters now unfolding at their global financial firms. These people don’t get scared and they are very scared. as for financial markets i tell you: be afraid, BE VERY AFRAID. buy gold and hide it under your bed!”
After that message I looked over E*TRADE’s financial statements, which is where I kept all our retirement accounts. I saw that E*TRADE is insolvent, in terms of bad loans on their books versus capital. I moved my accounts out of E*TRADE. That’s just one financial firm.
My message to participants of this forum is this: you are crazy or stupid if you haven’t….
1) Sold your long positions in stocks, sold your stock mutual funds (assuming they are not SHORT position mutual funds)…and braced your portfolio for a VERY bearish market and a nasty recession.
2) Checked the financial stability of any institution where you keep substantial funds.
3) Bought a lot of GOLD.
4) At least reduced your holdings of any dollar assets.
5) Carefully considered your risk for your current employer having layoffs if your employer faces nasty recession. Switch employers if your company is recession-sensitive.
December 19, 2007 at 8:56 PM #121371ParticipantMy friend is a director at major investment bank, at a branch in San Francisco’s financial center. This is a guy who makes $500,000 a year, has a masters in economics, and is up to his neck every day in global financial markets.
His spin on this? He writes me several weeks ago…
“Hey, I’m now at a insiders’ conference on global financial markets. Mood is very dark. Insiders are running Worst Case Scenarios, and sharing disasters now unfolding at their global financial firms. These people don’t get scared and they are very scared. as for financial markets i tell you: be afraid, BE VERY AFRAID. buy gold and hide it under your bed!”
After that message I looked over E*TRADE’s financial statements, which is where I kept all our retirement accounts. I saw that E*TRADE is insolvent, in terms of bad loans on their books versus capital. I moved my accounts out of E*TRADE. That’s just one financial firm.
My message to participants of this forum is this: you are crazy or stupid if you haven’t….
1) Sold your long positions in stocks, sold your stock mutual funds (assuming they are not SHORT position mutual funds)…and braced your portfolio for a VERY bearish market and a nasty recession.
2) Checked the financial stability of any institution where you keep substantial funds.
3) Bought a lot of GOLD.
4) At least reduced your holdings of any dollar assets.
5) Carefully considered your risk for your current employer having layoffs if your employer faces nasty recession. Switch employers if your company is recession-sensitive.
December 19, 2007 at 8:56 PM #121348ParticipantMy friend is a director at major investment bank, at a branch in San Francisco’s financial center. This is a guy who makes $500,000 a year, has a masters in economics, and is up to his neck every day in global financial markets.
His spin on this? He writes me several weeks ago…
“Hey, I’m now at a insiders’ conference on global financial markets. Mood is very dark. Insiders are running Worst Case Scenarios, and sharing disasters now unfolding at their global financial firms. These people don’t get scared and they are very scared. as for financial markets i tell you: be afraid, BE VERY AFRAID. buy gold and hide it under your bed!”
After that message I looked over E*TRADE’s financial statements, which is where I kept all our retirement accounts. I saw that E*TRADE is insolvent, in terms of bad loans on their books versus capital. I moved my accounts out of E*TRADE. That’s just one financial firm.
My message to participants of this forum is this: you are crazy or stupid if you haven’t….
1) Sold your long positions in stocks, sold your stock mutual funds (assuming they are not SHORT position mutual funds)…and braced your portfolio for a VERY bearish market and a nasty recession.
2) Checked the financial stability of any institution where you keep substantial funds.
3) Bought a lot of GOLD.
4) At least reduced your holdings of any dollar assets.
5) Carefully considered your risk for your current employer having layoffs if your employer faces nasty recession. Switch employers if your company is recession-sensitive.
December 19, 2007 at 8:56 PM #121300ParticipantMy friend is a director at major investment bank, at a branch in San Francisco’s financial center. This is a guy who makes $500,000 a year, has a masters in economics, and is up to his neck every day in global financial markets.
His spin on this? He writes me several weeks ago…
“Hey, I’m now at a insiders’ conference on global financial markets. Mood is very dark. Insiders are running Worst Case Scenarios, and sharing disasters now unfolding at their global financial firms. These people don’t get scared and they are very scared. as for financial markets i tell you: be afraid, BE VERY AFRAID. buy gold and hide it under your bed!”
After that message I looked over E*TRADE’s financial statements, which is where I kept all our retirement accounts. I saw that E*TRADE is insolvent, in terms of bad loans on their books versus capital. I moved my accounts out of E*TRADE. That’s just one financial firm.
My message to participants of this forum is this: you are crazy or stupid if you haven’t….
1) Sold your long positions in stocks, sold your stock mutual funds (assuming they are not SHORT position mutual funds)…and braced your portfolio for a VERY bearish market and a nasty recession.
2) Checked the financial stability of any institution where you keep substantial funds.
3) Bought a lot of GOLD.
4) At least reduced your holdings of any dollar assets.
5) Carefully considered your risk for your current employer having layoffs if your employer faces nasty recession. Switch employers if your company is recession-sensitive.
December 19, 2007 at 8:56 PM #121267ParticipantMy friend is a director at major investment bank, at a branch in San Francisco’s financial center. This is a guy who makes $500,000 a year, has a masters in economics, and is up to his neck every day in global financial markets.
His spin on this? He writes me several weeks ago…
“Hey, I’m now at a insiders’ conference on global financial markets. Mood is very dark. Insiders are running Worst Case Scenarios, and sharing disasters now unfolding at their global financial firms. These people don’t get scared and they are very scared. as for financial markets i tell you: be afraid, BE VERY AFRAID. buy gold and hide it under your bed!”
After that message I looked over E*TRADE’s financial statements, which is where I kept all our retirement accounts. I saw that E*TRADE is insolvent, in terms of bad loans on their books versus capital. I moved my accounts out of E*TRADE. That’s just one financial firm.
My message to participants of this forum is this: you are crazy or stupid if you haven’t….
1) Sold your long positions in stocks, sold your stock mutual funds (assuming they are not SHORT position mutual funds)…and braced your portfolio for a VERY bearish market and a nasty recession.
2) Checked the financial stability of any institution where you keep substantial funds.
3) Bought a lot of GOLD.
4) At least reduced your holdings of any dollar assets.
5) Carefully considered your risk for your current employer having layoffs if your employer faces nasty recession. Switch employers if your company is recession-sensitive.
December 23, 2007 at 10:37 AM #123429CDMA ENG
ParticipantCDMA ENG…
I am surprised by the lack of response to this post as I myself was wondering the same.
His book does sound like a sales pitch but most of these books do. But the one thing I like is his approach to “looking at the fundamentals”. I like the fact that he debunks things like the CPI and PPI and says that reality is reality while his critics say perception is the new reality.
Just seems like every time someone talks about “new math” it does not prove out in the long term…
Anyone else,
C.E.
December 23, 2007 at 10:37 AM #123410ParticipantCDMA ENG…
I am surprised by the lack of response to this post as I myself was wondering the same.
His book does sound like a sales pitch but most of these books do. But the one thing I like is his approach to “looking at the fundamentals”. I like the fact that he debunks things like the CPI and PPI and says that reality is reality while his critics say perception is the new reality.
Just seems like every time someone talks about “new math” it does not prove out in the long term…
Anyone else,
C.E.
December 23, 2007 at 10:37 AM #123354ParticipantCDMA ENG…
I am surprised by the lack of response to this post as I myself was wondering the same.
His book does sound like a sales pitch but most of these books do. But the one thing I like is his approach to “looking at the fundamentals”. I like the fact that he debunks things like the CPI and PPI and says that reality is reality while his critics say perception is the new reality.
Just seems like every time someone talks about “new math” it does not prove out in the long term…
Anyone else,
C.E.
December 23, 2007 at 10:37 AM #123330ParticipantCDMA ENG…
I am surprised by the lack of response to this post as I myself was wondering the same.
His book does sound like a sales pitch but most of these books do. But the one thing I like is his approach to “looking at the fundamentals”. I like the fact that he debunks things like the CPI and PPI and says that reality is reality while his critics say perception is the new reality.
Just seems like every time someone talks about “new math” it does not prove out in the long term…
Anyone else,
C.E.
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