Tesa

WSJ Weighs in on Peter Schiff

Peter Schiff analysis of situation was correct and not only that many of details in his analysis were close to perfection so the call was not a random one and he had understood that the credit crisis was in the making perfectly unlike the perma-boom population and other analysts .

Having said that, the effect of financial calamities are unpredictable due unpredictable actions that take place in future so it is impossible to know where the money has to be parked for the best results.

Going cash when all western banks were about to collapse is one thing that an analyst who had predicted bank failures could not do . Those that had no clue stayed with the collapsing banking system and they were saved by their governments and guarantees just because they got lucky.

So give the man credit when it is due.