by GENE CALLAHAN
Our friend Bob Murphy over at Free Advice alerted me to this composite video made up of clips from 2006 and 2007:
Here we see a series of “esteemed” commentators, including Arthur Laffer and Ben Stein, basically laughing in Peter Schiff’s face even while he calls the coming downturn very accurately. The best moment may be Ben Stein insisting that Merrill Lynch was being “given away” at $76. (The stock today is at $14.)
Tags: Author: Gene Callahan
November 15, 2008 at 4:56 am
Great video!
November 15, 2008 at 8:46 am
Nice video Gene. I met Laffer one time and very unimpressed. Nice to see things haven’t changed.
November 17, 2008 at 9:39 pm
They didn’t “basically” laugh in Mr. Schiff’s face – they absolutely did! Repeatedly! Sneering, cutting remarks. I give Mr. Schiff a ton of credit to sticking to his guns.
November 20, 2008 at 12:43 am
Yes, Carl, you’re right, at least for the two real estate bufoons — they really did laugh right in his face.
November 26, 2008 at 12:27 pm
OMG! Peter Schiff calls it out almost perfectly and he’s the ONLY one. Very instructive. Thanks Gene.
November 26, 2008 at 2:52 pm
Peter Schiff should be in Paulson’s position. He should at least be advisor to Obama. I’ve heard the drivel from numerous talking heads on most of the major “financial” news shows. All garbage except for Mr. Schiff.
November 26, 2008 at 6:41 pm
Anyone interested in starting a Peter Schiff/Jim Rogers movement for 2012? I guess we’d have to convince Jim to move back to the States which probably won’t happen, but we can dream!
November 26, 2008 at 8:27 pm
I bet they know what he’s talking about now.
Idiots.
Schiff has without a doubt symbolically rubbed his dirty sweatsocks in the pimply faces of all those who doubted him.
November 29, 2008 at 12:25 pm
Pete Schiff for Secretary of Treasury!!!! He nailed it while others must have been smoking too much of something. How can anybody ever, ever believe any of those talking heads again?
December 1, 2008 at 9:10 pm
What was Schiff saying in 2004 about 2005-2006.
If he was bullish, then he is smart.
If he was bearish, then he is a perma bear.
December 3, 2008 at 2:55 pm
since when is Ben Stein considered a finacial expert? I understand he has accumulated a bit of wealth through acting, etc but what did he do for FOX to put him on TV?
Schiff was Rep Paul’s economic advisor for a reason. He is very intelligent and sees the federal reserve system for the fraud it is.
December 15, 2008 at 1:32 am
It’s a media whore’s job to ridicule anyone who presents truth. Great composite.