Peter Schiff Predicted the 2008/2009 Recession in 2006

[clayinaustin]

Go on YouTube and perform a search for Peter Schiff. You will find several videos from 2006 and 2007 where he accuratly predicts the collapse of the housing bubble and resluting recession.

http://www.youtube.com/watch?v=LfascZSTU4o

http://www.youtube.com/watch?v=60CLQse27p8

I that if you ask 20 economist their opinion of the next 2 to 3 years, that one of them will be correct. However, I was struck of the arrogance of the people who have been proven 100% wrong! Art Laffer even made a one-cent bet with Peter Schiff. He lost the bet, but refuses to pay the one-cent.

Unbelieveable!

 

[clayinaustin]

Here is what Peter said in October 2008!

http://www.youtube.com/watch?v=sMdF1CiQAkA

Scary stuff!

 

[TCEd]

Don't need his prediction. It was apparent in the Detroit suburban real estate market in late 2006.
ed

 

[MacGyver]

Now.....Did he predict when the recovery will happen?