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Peter Schiff on CNBC - August 17, 2009 ("We are in worse shape now than 6 months ago.")



August 18, 2009 – Comments (5)

5 Comments – Post Your Own

#1) On August 18, 2009 at 4:56 PM, binve (< 20) wrote:

Yep, definitely in agreement. Thanks for the link!

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#2) On August 18, 2009 at 5:01 PM, AdirondackFund (< 20) wrote:

Thanx again KD.  Apparently the folks at 'Fast Money' haven't heard of short, intermediate and long term trends.  Seems they're stuck on short term trends ONLY.  That is what got us into this mess in the first place. 

"Can't see the forest through the trees."

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#3) On August 18, 2009 at 7:02 PM, awallejr (34.04) wrote:

And yet his emerging market advice has corrected even harder.  Just boggles my mind that he refuses to link the two and think there is real decoupling.

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#4) On August 18, 2009 at 9:47 PM, edbbear (< 20) wrote:

I like Peter a lot but I've read about boom, bust cycles and they are global phenomenons.  I think equities crash along with the economy but I don't think foreign markets do any better.  China in particular cannot be trusted with disclosing numbers (they probably are worse than the U.S. government) and they are creating an even bigger bubble, with government mandated spending despite a lack of demand. 

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#5) On August 19, 2009 at 11:46 AM, kdakota630 (28.92) wrote:

binve & AdirondackFund:

No problem guys.  Happy to provide the info.

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