Peter Schiff OWNS Dennis Kneale!
Combatting Kneale's weak attempt to characterize anyone who dares to stray from rosy outlooks of swift American economic recovery as self-interested doomsayers, Peter Schiff continues to do what he does best ... delivering his honest and non-sugar-coated appraisal of the state of the economy and the structural weakness that has been exacerbated by government responses rather than ameliorated by them.
Recognizing his inability to counter Peter Schiff's input, Kneale backs off notably from the aggressive tone of his introduction and fails to drive home his ineffectual premise.
For that matter, did anyone catch this moment some time back with Jeff Macke? The video was just brought to my attention, and I found it highly entertaining, though also a bit puzzling.
Now, I'm not going to sit here and claim that Macke's comments made a lick of sense without understanding full well the context of his tirade, but part of me thinks he was having a moment of pure unadulterated honesty over the airwaves as a therapeutic counterpoint to the relentless spin that he and others on his channel have been conditioned and/or instructed to provide. If I'm understanding his tirade correctly, and granted he was all over the place and his frustration impeded the effectiveness of what he was trying to communicate, I think he may have been referring to the insanity of peopleand businesses reconstructing their pre-Bear Stearns mindsets and actions despite the world being an entirely different place in light of the last 15 months. Perhaps I'm extrapolating too much, but if that's what he was getting at, then I