We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Schiff speaks.....
WTF?_2
Posts: 4,592 Forumite
This bloke is well worth listening to - he's called it right all along the line so far.
http://www.europac.net/podcasts/PeterSchiff-10-08-2008.mp3
He reckons the dollar surge is a short term phenomenon as the markets panic. Also figures that the current selling frenzy is just irrational selling. Having heard his argument and read his book 'Crash Proof' some time back, I'm inclined to believe he knows what he's talking about.
Also, this is worth a watch. He predicts the sub-prime crash in the US a good 6 months before it begins and gets mocked and laughed at by the other pundit (a respected economist) and even the TV presenter. Guess he's having the last laugh now:
http://uk.youtube.com/watch?v=LfascZSTU4o
http://www.europac.net/podcasts/PeterSchiff-10-08-2008.mp3
He reckons the dollar surge is a short term phenomenon as the markets panic. Also figures that the current selling frenzy is just irrational selling. Having heard his argument and read his book 'Crash Proof' some time back, I'm inclined to believe he knows what he's talking about.
Also, this is worth a watch. He predicts the sub-prime crash in the US a good 6 months before it begins and gets mocked and laughed at by the other pundit (a respected economist) and even the TV presenter. Guess he's having the last laugh now:
http://uk.youtube.com/watch?v=LfascZSTU4o
--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
0
Comments
-
Also, this is worth a watch. He predicts the sub-prime crash in the US a good 6 months before it begins and gets mocked and laughed at by the other pundit (a respected economist) and even the TV presenter. Guess he's having the last laugh now:
I was listening to a guy the other day and 30% of their mortgages were subprime (subprime being 120%+ mortgages) in comparison the UK was 8%.
I know the UK as been reckless but the US have been suicidal.
But your right what as suddenly changed this week other than us trying to strength our banking system (OK and creeping in to recession)?
You could argue that this week we are in a stronger position than last week.0 -
Peter schiff is great.. this clip is my favourate from late december 2006 .. The guy has been right in almost everything he has said ..
http://www.europac.net/Schiff-Fox-12-31-06_lg.asp0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards