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Peter Schiff called "Extremist" by Time Magazine moron
- Thread starter cgtrader
- Start date
Peter called the mess were in years ago
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I agree with Schiff on one point: Why on earth are the guys that ridiculed him over the housing bubble now still on more on bubblevision than him? They're just as bad a broken clock as Schiff himself.
May/June 2008 (just from the top of my head):
Kudlow: "Don, my friend... you gotta help me out here? Is Peter right, are we in for a deep recession here?"
Luskin: "Of course not. Larry, it's very simple. If there ever was a recession, it's already behind us. You have to buy with both hands right here. And you know what has always worked in the aftermath of a panic [the March 2008 Bear Stearns "bottom"]? You buy the trash that others were forced to dump. And you do it just like they did: you buy it with leverage for pennies on the dollar!"
May/June 2008 (just from the top of my head):
Kudlow: "Don, my friend... you gotta help me out here? Is Peter right, are we in for a deep recession here?"
Luskin: "Of course not. Larry, it's very simple. If there ever was a recession, it's already behind us. You have to buy with both hands right here. And you know what has always worked in the aftermath of a panic [the March 2008 Bear Stearns "bottom"]? You buy the trash that others were forced to dump. And you do it just like they did: you buy it with leverage for pennies on the dollar!"
Quote from makloda:
I agree with Schiff on one point: Why on earth are the guys that ridiculed him over the housing bubble now still on more on bubblevision than him? They're just as bad a broken clock as Schiff himself.
May/June 2008 (just from the top of my head):
Kudlow: "Don, my friend... you gotta help me out here? Is Peter right, are we in for a deep recession here?"
Luskin: "Of course not. Larry, it's very simple. If there ever was a recession, it's already behind us. You have to buy with both hands right here. And you know what has always worked in the aftermath of a panic [the March 2008 Bear Stearns "bottom"]? You buy the trash that others were forced to dump. And you do it just like they did: you buy it with leverage for pennies on the dollar!"
Makloda, has the recent weakness in the $ and the accompanied strength in the commodity currencies and the commodities themself changed your view on the deflationary scenario in any way?
Cheers.
No of course not. Global deflation/inflation risks are not solely influenced by the USD or commodities. They are two out of many variables IMO.
The CRB commodity spot index dropped 40% from 1980 to 2000. The US Dollar Index bottomed at 82 in 1979/80, hit 75 in 1992 and stood at 100 in 2000. Yet the CPI inflation index doubled in the same timeframe.
The correlations are spurious at best.
The CRB commodity spot index dropped 40% from 1980 to 2000. The US Dollar Index bottomed at 82 in 1979/80, hit 75 in 1992 and stood at 100 in 2000. Yet the CPI inflation index doubled in the same timeframe.
The correlations are spurious at best.
Quote from makloda:
I agree with Schiff on one point: Why on earth are the guys that ridiculed him over the housing bubble now still on more on bubblevision than him? They're just as bad a broken clock as Schiff himself.
May/June 2008 (just from the top of my head):
Kudlow: "Don, my friend... you gotta help me out here? Is Peter right, are we in for a deep recession here?"
Luskin: "Of course not. Larry, it's very simple. If there ever was a recession, it's already behind us. You have to buy with both hands right here. And you know what has always worked in the aftermath of a panic [the March 2008 Bear Stearns "bottom"]? You buy the trash that others were forced to dump. And you do it just like they did: you buy it with leverage for pennies on the dollar!"
Ha! Speaking of Luskin:
http://cunningrealist.blogspot.com/2008/05/yeah-that-worked-out-well.html