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Since absolutely none of the fundamental problems plaguing the U.S. economy have been addressed, I wouldn't be totally unsurprised if he's right again. I'm waiting for yet another good opportunity to buy into equities in the future, because at this point, I don't have much confidence in our fragile economy.
if you are going to predict then predict ofton. even a broken watch is right 2x a day.
followiing the advice of those who predicted the downturn would have left you quite poor since then.
most of these fourtune tellers get their day in the sun and then go right back to being wrong again.
Schiff and a few others nailed the recession in detail and articulated exactly why it would occur. A lot of People made money off the crash and will again if it occurs. Conservative and liberal hacks both laughed at him for months.
peter ,whitney , bill gross and nouriel rabini have mis-called things ever since. they could not have been more wrong with every prediction since then.
the best was when they asked nouriel since he predicted the crash so well did he alter his own investment plans?
he said of course not, he just sticks to the same strategy he always does . i would not base my investing on these predictions.
at least he was honest.
Last edited by mathjak107; 01-19-2013 at 02:29 AM..
peter ,whitney , bill gross and nouriel rabini have mis-called things ever since. they could not have been more wrong with every prediction since then.
the best was when they asked nouriel since he predicted the crash so well did he alter his own investment plans?
he said of course not, he just sticks to the same strategy he always does . i would not base my investing on these predictions.
at least he was honest.
Who said to base your investments based on Peters predictions? I was simply stating that he predicted the "Crash" and will he be right about the "Crash" again.....What is so hard about the topic you dont understand?
Did I say the Peter was always right? I pointed out that He was right about a major prediction and layed out why. And also would he be right again about another crash.....
I think he's right, none of the underlining problems with our economy have been corrected, all we seam to know how to do is kick our problems a little farther down the road.( we are very good at it though )
Try to make your money now in the market and hope you see the signs and get out on time, Buy low sell high and grab a few dividends in between, I don't know nearly enough about investing but I made a 12% return last year by following my gut instincts and not being greedy.
bill
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