Thursday, December 04, 2008
Is the Worst Over? "No" says Peter Schiff
The man who was laughed at over the last 2-3 yrs for predicting the current economic crisis (see the previous post) made an appearance on CSNBC on November 20th. When asked if the worst was over he gave a frankly grim prediction for the future. This man has been dead on in his predictions thus far and his prognostications for the next couple years sound pretty well reasoned to me. I really hope that he is wrong this time. But I would not put money on it. Not even a dollar that might not be worth the paper it's printed on.