HA!! Come on the same guys from 1987 using the same fundamentals had followers right through to 2007 !!
Geez! I would have to meet these fools & their followers and have a chat to believe they exist!!
After much deliberation 1987 = why compulsory Superannuation was introduced, so yes the goal posts are always changing.
I cant comment from back in 1987 but anyone who followed the same fundamentals from back then through to 2007 would be a complete moron.
IMO Schiiff isn't anywhere near what u are trying to portray him as.
Actually it was even worse than that. 1987 was something completely different from anything that came afterwards. But if you had some kind of system or record, it had no chance if it didn't predict 1987, at least up to the mid 2000. Of course that means heaps and heaps of people were blindsided by 1998, 2000 and 2007 - they were looking back to 1987.
I can confidently predict that the next crash will completely blindside lots of people because everyone has a 2007 mindset now.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
The guys who got 1987 right got it right because they had a different framework that happened to be right in 1987. Unfortunately for them and their followers it was wrong in 1998, 2000 and 2007/8. Similar thing seems to be happening to the people who got 2007 right. These things work until they don't.
Goal posts are always moving. It is no excuse. In fact noticing the goalposts moving is what it is all about.
When an unknown comes along, people react in a certain way - as it is unknown. The next time they see it, it is no longer an unknown, and there is no guarantee they will react in the same way. That's why it pisses me off so much when someone says - this is 20?? all over again. It's economics - not science. There are no guarantees the exact scenario will play out in exactly the same way.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Actually it was even worse than that. 1987 was something completely different from anything that came afterwards. But if you had some kind of system or record, it had no chance if it didn't predict 1987, at least up to the mid 2000. Of course that means heaps and heaps of people were blindsided by 1998, 2000 and 2007 - they were looking back to 1987.
I can confidently predict that the next crash will completely blindside lots of people because everyone has a 2007 mindset now.
Schiff is just keen to sell a lot of books, and from some of the comments he probably will.
He has to put bread on the table like everyone else, and mundane predictions don't sell books.
It will be 2014 in a few months, so we will soon see how accurate he is.
Not that he will shut up afterwards.
Any expressed market opinion is my own and is not to be taken as financial advice
Schiff is just keen to sell a lot of books, and from some of the comments he probably will.
He has to put bread on the table like everyone else, and mundane predictions don't sell books.
It will be 2014 in a few months, so we will soon see how accurate he is.
Not that he will shut up afterwards.
He sells fear. He is a fund manager, so he sells fear so people will give him money to "protect their wealth".
Giving schiff your cash to invest makes about as much sense as giving your money to last week's lottery winner. I mean, they won the lottery, they must be worth listening to.
He sells fear. He is a fund manager, so he sells fear so people will give him money to "protect their wealth".
Giving schiff your cash to invest makes about as much sense as giving your money to last week's lottery winner. I mean, they won the lottery, they must be worth listening to.
Ah like Money Morning - they were the cats last heroes.
Also selling fear and gold.
It's an lazy sell (and a lazy buy) but some just love it.
Apart from his 2006 call (which I think was luck) why do you think he is worth listening to? Why do you think he may be right? Specifically, what part of his thesis resonates?
Apart from his 2006 call (which I think was luck) why do you think he is worth listening to? Why do you think he may be right? Specifically, what part of his thesis resonates?
His 2006 predictions lucky???, i prefer to give the bloke credit!!
Schiiff is worth listening to Mainly in his analysis of the US fake recovery!!
There is no doubt in my mind the US is being engineered for a big collapse an end game if you like !
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