Peter Schiff predicting the crisis in 2006
The first question that many people ask is - could this crisis be predicted? The answer is yes and no. No - you couldn’t predict the exact moment of the beginning of the crisis. Nobody could rationally expect the crash in the particular day or even month.
But yes - you could have expected the crisis to happen sooner or later. It’s not difficult to prove it. The most popular proof on the internet this days is Peter Schiff - US economist. Below you can see an interview from 2006. It’s Peter Schiff discussion with Art Laffer (famous economist). They made a bet about the crisis - now we can see that Peter Schiff was right. And Art Laffer, who was simply laughing at Peter’s predictions, surely can’t feel very confident now.
Below you can see the discussion from August 28, 2006.
Tags: art laffer, Financial Crisis, peter schiff
Financial Crisis, Real Estate Market, Videos | admin | 
November 9, 2008 4:14 pm