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Some interesting retrospective views in this collection of Peter Schiff interviews on various financial circuits. Why post this? There’s nothing valuable or encouraging listening to somebody who can look back and say “I told you so”, but we really need to be careful when we listen to people who are in agreement on things that obviously want to believe. Listen to that voice that stands against the pack, and just give it a thought or two. Its very interesting to hear people laughing at Schiff as he made his forecasts.
I am optimistic, but cautious. And also realistic. We will hit a bottom, and we will recover. We are still adjusting to this environment, and there are some violent corrections going on that are going to damage a lot of people. A long bumpy road is ahead, but we’ll get there.