Analyst nails the current crisis in 2006

Re:Analyst nails the current crisis in 2006 by davidw on Friday November 14, 2008 @08:39AM (#364246)

I don't find these articles that interesting. Look hard enough, and you can find a broken clock that was telling the correct time at a given point in time.

http://en.wikipedia.org/wiki/Peter_Schiff

> On October 28th 2008, Schiff stated in an interview on Bloomberg TV that the investment strategies outlined in both books currently "are NOT working" due to the collapse of foreign currencies, foreign stocks and the failure of gold prices to go up significantly as most of the world entered an economic recession and foreign investors flee to cash. Schiff, however, remained optimistic on his theories and stated this was a good opportunity to buy foreign stocks trading at yearly lows.

So I guess he called the dollar wrong, at least for the time being; it's been strengthening a lot, lately.

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Re:Analyst nails the current crisis in 2006 by dhimes on Friday November 14, 2008 @09:03AM (#364282)

He was thoughtful enough to admit that his previous ideas about investing were untenable in the current market. That is a good thing. It beats all hell out of screaming that you are right nevertheless and what is really wrong is /..whatever favorite scapegoat../

... as an aside, HN only recognizes the British spelling of "favorite" as being correct...

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