Berkeley CSUA MOTD:Entry 48451
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2025/04/04 [General] UID:1000 Activity:popular
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2007/10/26-29 [Reference/RealEstate] UID:48451 Activity:nil
10/25   Ben Stein loves LEH when he should have loved GS more
        http://www.youtube.com/watch?v=6XtQoZAqjc8
        Pundits discuss housing prices for 2007 back in Dec '06
        http://www.youtube.com/watch?v=yoZV5jt9puc
2025/04/04 [General] UID:1000 Activity:popular
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www.youtube.com/watch?v=6XtQoZAqjc8
us On Saturday August 18, 2007 in a rare departure, Neil Cavuto invited a guest to appear who had some very serious, very negative things to say about the recent volatility in the markets and America's role in the mess. Despite giving lip service to a "fair and balanced" approach, Cavuto and his panel of mindless cheerleaders called Schiff anti-American and implied that he didn't know what he was talking about. This, despite the fact that a year ago, Schiff accurately predicted the collapse of the housing market. Cavuto's disdain for his guest was evident and was, once again, a reminder that the new FOX Business Network is going to be populated by analysts who are more like toothy glad-handing used car salesmen than in-depth financial gurus.
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www.youtube.com/watch?v=yoZV5jt9puc
I've always found his observations plausible, and have admired his calm and politeness when heckled by some of the morons on these Fox discussions (Charles Payne is the worst). He is quite right to point out frequently that his track record of predictions is largely correct, unlike those of his hectoring opponents. they will go along with anything the mainstream media feeds them! People should be reading the writing on the wall, HOUSING IS DONE atleast for the next 3-5 years! Reply) Peter Schiff is one of the few people on TV that understands the extent of the problems facing the US economy. You have to be able to understand the problem in order to be able to predict the outcome accurately. the best I could say in his defense is that he is the perfect reverse indicator. He never allows the bears to complete a sentence before he butts in, perhaps because his own economic predictions are so inaccurate and fragile that they cannot withstand any counter points. However, the way they are collected seems biased and convoluted. The wealthy make out like bandits because they can afford expensive CPA's to find loopholes and itemize, for example.