I didn't say he was not 'correct'. He's a brocken-clock perma bear, not a flexible investor. I said he's talking his book and never ever made a single bullish call for US stocks or the US economy, not even 2003 one of the biggest and broadest rallies in the last 50 years. I will completely change my opinion on Schiff if he ever comes out one day and publicly declares 'its time to load up on US equities'. But of course he won't ever do that otherwise why would clients park money with him?
BTW: If he's such an awesome global macro investor, why is he not running a multi billion dollar hedge fund like a real trader would (like Peter Thiel from Clarium LP, who has also been terribly bearish on the US economy, bullish on oil for years and manages well over $3bln).
Why is Schiff instead going on 'Good morning America' shows on TV watched by house wifes repeating his 'Nasdaq 500' calls like a broken record and running his pitiful $400m global asset allocation service since 28 years?
BTW: If he's such an awesome global macro investor, why is he not running a multi billion dollar hedge fund like a real trader would (like Peter Thiel from Clarium LP, who has also been terribly bearish on the US economy, bullish on oil for years and manages well over $3bln).
Why is Schiff instead going on 'Good morning America' shows on TV watched by house wifes repeating his 'Nasdaq 500' calls like a broken record and running his pitiful $400m global asset allocation service since 28 years?
