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Schiff on why housing will crash, 2006
smeagold
Posts: 1,429 Forumite
http://www.youtube.com/watch?v=jj8rMwdQf6k
if you havn't seen this speech yet, you should, here he predicts everything that would happen to the US housing market at a mortgage bankers conference in 2006, and by extension, what will happen here.
if you havn't seen this speech yet, you should, here he predicts everything that would happen to the US housing market at a mortgage bankers conference in 2006, and by extension, what will happen here.
Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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Not watched it, but didn't it already happen? i.e. past tense now as it's 5 years old and we have already seen a circa 20% correction in that time.
Are you inferring it will repeat again?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
http://www.youtube.com/watch?v=jj8rMwdQf6k
if you havn't seen this speech yet, you should, here he predicts everything that would happen to the US housing market at a mortgage bankers conference in 2006, and by extension, what will happen here.
Out of interest what did he predict for the USD at that time?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
IveSeenTheLight wrote: »Not watched it, but didn't it already happen? i.e. past tense now as it's 5 years old and we have already seen a circa 20% correction in that time.
Are you inferring it will repeat again?
Schiff predicted an 80 or 90% fall, the US crash is ahead of ours we lag the US by about a year, more importantly he explains the economic fundamentals behind booms and busts.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Out of interest what did he predict for the USD at that time?
he predicted that the usd would eventually collapse in value as foreigners realise that the trillions in IOUs could never be repayed. It would be nice if somone actually watched it before the counterarguments came in though. its a bit of an eye opener.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
he predicted that the usd would eventually collapse in value as foreigners realise that the trillions in IOUs could never be repayed. It would be nice if somone actually watched it before the counterarguments came in though. its a bit of an eye opener.
So this was 2006, in the video he says that they will have 2 Trillion of adjustable mortgages to reset over the next couple of years. (about 24:00) so what happened
BTW there was no eventually about that USD call,he was calling it imminent and bowled his investors a right googly :eek: 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Peter Schiff is a complete !!!!.
The USD will collapse, stocks will crater !!!
He hasn't a clue, he is a self publicist whose only interest is conning people into signing up for his useless services.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
So this was 2006, in the video he says that they will have 2 Trillion of adjustable mortgages to reset over the next couple of years. (about 24:00) so what happened BTW there was no eventually about that USD call,he was calling it imminent and bowled his investors a right googly :eek:
in 2006 the usdx was at 94 now its at 77, a brief spike in 2008 from safety flight now heading down again if you watch the speech he says 'eventual collapse'. Try watching the speech, which you won't of course. go on watch it, I dare you!!Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Peter Schiff is a complete !!!!.
The USD will collapse, stocks will crater !!!
He hasn't a clue, he is a self publicist whose only interest is conning people into signing up for his useless services.
go on purch watch the thing, in return I'll watch something you may think i might benefit from.
(and stocks did crater and the usd is collapsing and as he predicted they printed a ton of money)Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
in 2006 the usdx was at 94 now its at 77, a brief spike in 2008 from safety flight now heading down again if you watch the speech he says 'eventual collapse'. Try watching the speech, which you won't of course. go on watch it, I dare you!!
I must be psychic quoting his adjustable mortgage resets at 24 minutes in the video 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
'eventually'.... eventually the world will definitively end; but I'm not selling the house0
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