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I listened to what Schiff had to say in 2008, but the same talking point of how he was right became tiring quick. Eventually years later I realized he basically
by locallost 6y ago
I listened to what Schiff had to say in 2008, but the same talking point of how he was right became tiring quick. Eventually years later I realized he basically always has the same forecast of impending doom, that just happened to be correct once. So he's a bit of a broken clock is correct twice a day person.
- womitt 6y agoHe is peddling gold, doom scares are good for his business
- kthejoker2 6y agoEconomists have correctly predicted 8 of the last 4 rrcessions.
- throw0101a 6y agoYou may wish to actually look up that quotation: > To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns predicted four out of the last five recessions. That is an understatement. Wall Street indexes predicted nine out of the last five recessions! And its mistakes were beauties.[20] * https://en.wikipedia.org/wiki/Paul_Samuelson#Aphorisms_and_quotations https://en.wikipedia.org/wiki/Paul_Samuelson#Aphorisms_and_q... Paul Samuelson was one of the most important economists in the 20C, and literally wrote the textbook: * https://en.wikipedia.org/wiki/Economics_(textbook) https://en.wikipedia.org/wiki/Economics_(textbook)