Peter Schiff on the Coming Economic Meltdown — Two Years Ago
Saturday, November 29th, 2008So, is this a stopped clock being right twice a day? Or a little boy pointing out the emperor’s naked backside while being laughed at by his fellow pundits?
My favorite part: Ben Stein at 6:31 encouraging everyone to load up on all those “astonishing bargains” in financial sector stocks. So, I wonder how much of his own money Stein put on that bet?
I don’t know anything about investing. But if you don’t ever bother to go back and compare what your experts said would happen to what actually did happen, well, you’re terminally clueless.
In which case, you’re probably perfectly willing to accept Rush Limbaugh’s assertion that “the Obama recession is in full swing, ladies and gentlemen.”
Well, I guess it’s true enough, at least in the sense that Obama is going to be the one to have to deal with cleaning up the mess. But somehow, I don’t think that’s what Rush meant when he said it.