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  • Coming Soon: Banking Crisis of Historic Proportions [View article]
    kint sez: " This article is wrong.. where was this biting analysis *before* it happened? Your error is that you're plotting the future based on past trajectory, which is what people did before the subprime meltdown (home prices will never go down!).. you're making the error on the other side now."
    ----------------------...
    The biting analysis before it happened was there. See anything that Peter Schiff said 2 years ago and was laughed off CNBC by the P&D crowd.

    Also note that this morning (8/18) Fitch said the commercial real estate market was "deteriorating at unprecedented rates". IOW, here we (may) go again!
    Aug 18 11:45 am |Rating: +3 0 |Link to Comment
  • Coming Soon: Banking Crisis of Historic Proportions [View article]
    Great article and great comment thread!

    Now to get back to my summer reading: Crash Proof by Peter Schiff. I suspect many here have already partaken of it. I peeked at the conclusions first and am reading the rest now. Schiff sez:

    1. Foreign dividend paying stocks
    2. Some metal and some mining stocks
    (80-90% #1, 10-20% #2)
    3. Stay liquid.
    Aug 17 14:20 pm |Rating: +2 -1 |Link to Comment
  • Coming Soon: Banking Crisis of Historic Proportions [View article]
    The words of Buffalo Springfield seem to be prophetic here.
    Aug 17 09:15 am |Rating: +2 -1 |Link to Comment
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