Strange Pants - article - Interesting Finds - Does anyone understand the US economy?

Peter Schiff seems to. Here’s a series of clips from 2006/2007 where he accurately foreshadows the sub-prime mortgage problem , the ensuing credit crisis and it’s effects on the US (and world) economies.

If it’s any consolation, Schiff is on record elsewhere saying the current economic crisis is not the problem; it’s the solution.

And what’s with the other “experts”? Does someone pay them to be positive?

At 6:20 ‘Ben’ advises that Merril Lynch at $76.00 is a bargain … currently trading at $13.80.

At 8:55 ‘Charles’ picks Washington Mutual as the best stock for 2008 … currently trading at under $0.07.

Meanwhile, Fiji’s bastions of finance are hunkering down. This recent presentation to the Fiji Employers Federation by the Deputy Governor of the Reserve Bank, Sada Reddy, is instructive.

The Reserve Bank doesn’t seem to have published it’s review of the 3rd quarter yet … but you can wait for it at the RBF website

Fiji’s stock exchange (the misnamed South Pacific Stock Exchange – SPSE) seems largely immune to the global shenanigans … probably because it’s so small.

Thanks to jasonfried for the tip that led to this post. Twitter is great for these little titbits.

Filed by Jachin Sheehy under Interesting-Finds