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Subject:  Re: Peter Schiff. Stories for Bedtime Date:  12/7/2008  9:35 PM
Author:  VossPiety Number:  674 of 5166

Schiff does indeed use high impact metaphors to deliver messages of doom. Normally I would dismiss people like that but Schiff's doomsday predictions regarding the housing market and the current finical crisis were spot on. That certainly gives his current predictions more weight.

Schiff gave a speech in 2006 to a group of mortgage bankers where he accurately described how MBS's and housing prices would collapse. Comically enough, he was mildly heckled in the Q&A. Ignore the talking head 20 second sound bite gladiatorial format of the talk shows and then see what you think:
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