Peter Schiff gets his... due?

[madkiwi]

Maybe some don't know who Peter Schiff is, but let's just say he has been calling the top in the US Socialist monetary policy experiment for over 2 years now. Where he was being laughed at and denigrated as a nutjob earlier, now a lot of people have finally admitted that he was right. So he is also reaping the rewards of being proven correct, with

Comments

[atek128]

read this:
http://globaleconomicanalysis.blogspot.com/2009/01/peter-schiff-was-wrong.html

Mish tears Schiff a new one.

Mish is also an Austrian but comes to very different conclusions, and has reality to back him up

[atek128]

http://www.financialsense.com/fsu/editorials/schiff/2009/0129.html

Schiff trash talks Mish.

(Having met Schiff in person, I can attest to the fact that he thinks his shit doesn't stink)

[atek128]

Schiff ignores the very possibility of a Japanese L-shaped recession such as that suggested by Roubini and Mish. Schiff appears unable (or unwilling) to understand that "money" is made of base money and credit money. While base money has been exploding through the waves of bailouts, credit money has been collapsing... that trend may change, but Mish called it, and Schiff didn't.

atek3