Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 3
  • 4
Peter Schiff Was Wrong
Topic Started: 1 Nov 2014, 07:06 PM (4,030 Views)
Shadow
Member Avatar
Evil Mouzealot Specufestor

These are a few of Peter Schiff's predictions that I was able to dig up after a few minutes searching. I'm sure others here can find more examples of his failed predictions. So he did get one lucky call once on the US housing market, but probability says if you make enough predictions you'll eventually get one right (although Steve Keen is still waiting patiently for his first correct one)...

Peter Schiff's Predictions...

1. Interest rates will go higher (Dec 2006)

Result... WRONG! Interest rates fell in 2007, 2008, and 2009.

2. Inflation in 2008 and 2009 (Dec 2006)

Result... WRONG! There was deflation in 2008 and 2009.

3. At a minimum, the dollar will lose another 40 to 50 percent of its value in 2010 (Jan 2009)

Result... WRONG! It didn't happen.

4. US dollar will go to zero (hyperinflation like Zimbabwe) and gold will go to $5,000 (Sep 2009)

Result... WRONG! Gold crashed. No hyperinflation.

5. US stocks heading a lot lower in 2009, 2010 and 2011 (Jan 2009)

Result... WRONG! Stocks rose.
Edited by Shadow, 1 Nov 2014, 07:09 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
Profile "REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

The fact is, Schiff was so right it was not funny. Was so right about evrything he was saying that they shit their pants. Announced QE the day after gold hit over $1900/an ounce.

He made idiot bulls look like the idiots they were.

http://m.youtube.com/watch?v=sgRGBNekFIw

And now more desperation, hiding in the closet shadow , a few clips of Schiff educating the herd and you start a thread to discredit him.

Look how he discredited the idiots above

And like those clowns shown above, you are all jibbering the same shit. And like the clowns above, not the the slightest clue in the world. :bl:

If these expert idiots above could not see it, what hope in hell would any of you have
"REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

About time some of you learn how a real economy works.

Take the time to educate yourselves.



http://m.youtube.com/watch?v=jj8rMwdQf6k
"REPLY WITH QUOTE" Go to top
 
zaph
Default APF Avatar


Guest
1 Nov 2014, 07:41 PM
The fact is, Schiff was so right it was not funny. Was so right about evrything he was saying that they shit their pants. Announced QE the day after gold hit over $1900/an ounce.

He made idiot bulls look like the idiots they were.

http://m.youtube.com/watch?v=sgRGBNekFIw

And now more desperation, hiding in the closet shadow , a few clips of Schiff educating the herd and you start a thread to discredit him.

Look how he discredited the idiots above

And like those clowns shown above, you are all jibbering the same shit. And like the clowns above, not the the slightest clue in the world. :bl:

If these expert idiots above could not see it, what hope in hell would any of you have
I guess it's another case of facts being facts?
Profile "REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

zaph
1 Nov 2014, 08:05 PM
I guess it's another case of facts being facts?
Sure Zaph. Clearly Schiff was wrong big time.
"REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

zaph
1 Nov 2014, 08:05 PM
I guess it's another case of facts being facts?
Yes exactly zaph.

Might explain why house prices in california are 20% cheaper than in 2004, and why the economy is still declining six years later even with an extra 10 trillion to pump the stock market and economy and having rates at zero for over six years.

All part of the cycle right.

Looks nothing like that historical cycle you all dwell on.

Its the cycle alright.

The new cycle. ;)

Facts are facts.
"REPLY WITH QUOTE" Go to top
 
GloomBoomDoom
Member Avatar


Peter was also wrong about the dot com bubble and housing market for a period before he was eventually proved right in both cases.
He has been right about a lot of things but the timing isn't always great.
What you're saying is Peter is wrong about is assuming that the market is right. We all know the market can get things wrong.. in a spectacular way and for a long period of time.
MSE
Profile "REPLY WITH QUOTE" Go to top
 
Jimbo
Member Avatar


GloomBoomDoom
1 Nov 2014, 09:41 PM
Peter was also wrong about the dot com bubble and housing market for a period before he was eventually proved right in both cases.
He has been right about a lot of things but the timing isn't always great.
What you're saying is Peter is wrong about is assuming that the market is right. We all know the market can get things wrong.. in a spectacular way and for a long period of time.
Peter Schiff is right most of the time. What he predicts will play out and anyone with a basic understanding of maths can work it out for themselves.

His timing may be off, but central bank can kicking does not make Schiff wrong. It just worsens the eventual impact when the can can't be kicked any further.





Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
Profile "REPLY WITH QUOTE" Go to top
 
John Frum
Member Avatar


GloomBoomDoom
1 Nov 2014, 09:41 PM

What you're saying is Peter is wrong about is assuming that the market is right. We all know the market can get things wrong.. in a spectacular way and for a long period of time.

much longer than most mortals can stay solvent...
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness.
"Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
Profile "REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

Jimbo
1 Nov 2014, 10:26 PM
Peter Schiff is right most of the time. What he predicts will play out and anyone with a basic understanding of maths can work it out for themselves.

His timing may be off, but central bank can kicking does not make Schiff wrong. It just worsens the eventual impact when the can can't be kicked any further.

Don't try and talk reality and reason with this lot jimbo.

Another great thread shadow.....

Schiff was right all along, the fed hit desperation ovedrive when everything started unfolding just as he had said. Gold rising and rising, house prices crashing the year after he said they would ,the stock market crashing in 2008, when he said in 2006, it is immaterial weather it crashes in 2007 or 2008 ,it will happen and the economy will be in decline for years.

More stimulus just leads to a bigger crash and longer decline in the long run. And six years on we can still see just how right he was and still is. The fed are still trying desperately to avoid the rest of Schiffs reality play out exactly as he said it would.

Good luck
"REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Free Forums with no limits on posts or members.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 3
  • 4



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy