jimbolan1

An Alternative to Schiff's Doomsday Scenario

Do we let it "work itself out," knowing that we will have real pain and shrinkage at all levels until we find balance, at which point we will have flushed the bad debt out of the system?

Yes, that is precisely what we should do. Housing prices here in northern California are starting to find a bottom without any help from the 'stimulus' plan. Sure, prices are down 40-50% (in some cases more) but this has merely created an opportunity for a new group of buyers. As far as Peter Schiff goes, he has been 'right-on' for some time. Perhaps the author is jealous he does not have the same press agent? I haven't seen Peter say we are all doomed, but he has said this is going to be ugly and will most likely last for some time. In my humble opinion, he is spot on.

Five Sophisticated Gold and Silver Investment Strategies for 2009

Does anyone have an idea which stocks Marc Faber recommended? Thank you!