Schiff saw the drop in our markets early on, but his insistence on investing in Asia has decimated the accounts he manages, some purportedly down over 70%, coupled with his continuing belief hyperinflation is coming soon, make him a poor choice to follow. Maybe his time will come, just now here yet. And in the meantime...OUCH! Deflation is here.
John, Review this October post. No doubt, Prechter's "asset deflation" is here, but the Fed reserve money continues to inflate. Continued money printing will likely lead to Schiff's scenario. http://randomroving.blogspot.com/2008/10/four-potential-outcomes.html
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Schiff saw the drop in our markets early on, but his insistence on investing in Asia has decimated the accounts he manages, some purportedly down over 70%, coupled with his continuing belief hyperinflation is coming soon, make him a poor choice to follow.
Maybe his time will come, just now here yet. And in the meantime...OUCH! Deflation is here.
John,
Review this October post. No doubt, Prechter's "asset deflation" is here, but the Fed reserve money continues to inflate. Continued money printing will likely lead to Schiff's scenario.
http://randomroving.blogspot.com/2008/10/four-potential-outcomes.html
Keep the collaboration coming.
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