Peter Schiff predicted the financial recession TWO years ago and received ridicule
Reagan’s economic advisor challenges Peter Schiff’s predictions.
Categories: Personal Finance, Retirement Planning, Video Tags: Peter Schiff predicts financial recession TWO years ago.
True genius is never recognized during that person’s life – it is only when they are gone they are truly appreicated. Same could be said for this prediction.
Through out the debate, we also heard that John McCain was also sounding the alarm 2 years ago..
I am a little surprised that it caught so many people off-guard considering what we went through with the dot-com bust in 2000. Surely there was no way for the market to sustain the rate of growth that it was achieving without some kind of kickback.. and boy did it ever kick back on everyone…
John McCain had also informed senate about congress and they did not responded at that time.
It seems that no one wanted to hear it then because we were too busy enjoying the excess.
We have been telling our traders this has been coming for around the same amount of time. People are in shock because they wanted to believe in the great bull market of 2007 which was all smoke and mirrors.
This happens all the time. When it truly turns into reality, that’s when we starting regretting.
did he also predict oil would drop?