teejayevans
Thinks s/he gets paid by the post
- Joined
- Sep 7, 2006
- Messages
- 1,692
Economist Schiff: Upcoming Crash Will Pale 2008
Excerpt:
TJ
p.s. I wouldn't take this too seriously, Robert is pushing this book which is apparently reads like a infomercial. Not sure what Peter's angle is.
Excerpt:
Wow, 90% market crash and 100% inflation, not sure how that would work, since inflation would carry over to stocks (companies earnings).A noted economist agrees with Schiff that a much worse stock market crash is coming. And unlike Schiff, he has given very specific details about just how bad it will get.
“The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2012.”
That catastrophic outlook comes from Robert Wiedemer, economist and author of The New York Times best-seller Aftershock. Before you dismiss Wiedemer’s claims, consider this: In 2006 he accurately predicted the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States.
TJ
p.s. I wouldn't take this too seriously, Robert is pushing this book which is apparently reads like a infomercial. Not sure what Peter's angle is.
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