Sure he called the implosion of the market. But he cites the wrong reasons.
Schiff is dead wrong about the reasons for this collapse. Not a little wrong. A whole lllllot wrong. He's an anti-gov. nut like his old man.
Schiff's pedigree is not good. His father is a rabid anti-tax nut. He's got it bad. While that is not an iron clad indictment of the son, the apple doesn't fall too far from the tree.
I have also seen rather lengthy lists of things of which Schiff was dead wrong...things that cost his clients a lot of dollars
Roubini and Krugman also called the economic freefall far ahead of the field.