Peter Shiff gives bleak economic warning

[Bindare_Dundat]

well he always does but anyway,

[Neurotoxin]

shiff makes many valid points but drives me crazy with his perma-bear outlook. historiclly, the market heads up 73% of the time. this key is avoiding the 27% down......as you're seeing now.




NT

[stormshadow]

I finished reading his book this weekend.

For the most part the book was an excellent breakdown of how the economy is manipulated, and how everything ties together.

I didn't care for the part where he pimped his foreign brokerage and suggested that people borrow home equity to invest in foreign stocks.

This is very irresponsible advice.  It seems to be tough to find a contemporary work of literature regarding economics/money that isn't pimping some type of product or service.

Can you imagine Adam Smith pimping one of his investments at the end of Wealth of Nations?