Skip to main content
No. of Recommendations: 0
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: http://www.youtube.com/watch?v=6G3Qefbt0n4
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.