johngaltfla

WSJ Weighs in on Peter Schiff

So an MBA is all it takes? How do you explain Hank Paulson then? Because based on having an MBA, CFA, and CAIA we should not be in the mess we are in. Perhaps listening and reading what the man says and not acting like Mish's offended little brother would be a better path for you to follow.


On Jan 31 12:00 AM FETZ wrote:

> Peter Schiff is a nobody. No MBA from a prestigious school. No CFA.
> No CAIA. No CPA. He is a stockbroker and everyone that works for
> Euro Pacific Capital is too. I wonder how he came up with such a
> sophisticated name. he doesn't have any credentials for me to even
> bother to listen to him.

WSJ Weighs in on Peter Schiff

Peter made some incorrect short term bets on a long term problem. If anyone who is involved in the investing world at some point in their life did not make such a mistake, then they are lying. Mish's problem is that he does not get 'face time' so he lashed out in an attempt to generate publicity for his drastically incorrect deflation theory that he's been peddling in the face of the greatest increase in our money supply than at any point in history. Not to mention that in 3000 years of human history, no debtor nation with a fiat currency has EVER experienced a fatal deflation so his theories do not hold much water in my book unless of course someone drugs me and turns me into a raving lunatic Keynesian. Peter will be proven right and the dollar along with the US financial system will turn into a leper colony. Peter's timing was wrong and to absorb more than 5% loss on any investment is foolishness and poor management in my opinion.