Peter Schiff, a guy we should all listen to.

[HawktimusPrime]

He predicted the 2008 crisis and he's predicting an even bigger one on the horizon. I'm getting concerned to be honest.

The market was saved from complete failure, due to Japan taking their interest rates into negative territory, and the promise from ECB to send out more stimulus money in the billions. The Fed is also keeping the rates low and doesn't look to be raising them in the future. Once gas prices rise back up again, watch out.

http://finance.yahoo.com/news/peter-schiff-were-going-economic-184819808.html

 

[cigaretteman]

He predicted the 2008 crisis and he's predicting an even bigger one on the horizon. I'm getting concerned to be honest.

The market was saved from complete failure, due to Japan taking their interest rates into negative territory, and the promise from ECB to send out more stimulus money in the billions. The Fed is also keeping the rates low and doesn't look to be raising them in the future. Once gas prices rise back up again, watch out.

http://finance.yahoo.com/news/peter-schiff-were-going-economic-184819808.html

Friday morning doomsday prediction, wrong as usual, right on time!

 

[HawktimusPrime]

Ciggy, again, it's the economy that is going to fall. We'll get to the apocalypse later.

 

[HawktimusPrime]

Note, the market dropped over +200 pts on the mixed jobs report and the worry that the Fed is going to again raise rates.

 

[dandh]

Note, the market dropped over +200 pts on the mixed jobs report and the worry that the Fed is going to again raise rates.

Schiff predicts the same thing every year. He's bound to be at least partially accurate once in a while.

 

[NoleSoup4U]

I don't even think a crash would be news at this point, at least to anyone paying attention. With all the artificial interest rates, spending, and malinvestment, it's only a matter of time before the whole thing implodes again. If you keep doing the same thing over and over again, you're going to continue to see the same results. I don't understand how hard this concept is.

 

[IACub]

Schiff added that the only thing helping consumers is low gas prices, which he says aren't going to stay low forever.

"So what's going to happen when the one things keeping consumers afloat — low gas prices — disappears?" Schiff said. "Simple: They're going to sink."

So that extra $50-$200 per month is the only thing keeping the US economy afloat? Kind of hard to take this guy seriously.

 

[NoleSoup4U]

Schiff added that the only thing helping consumers is low gas prices, which he says aren't going to stay low forever.

"So what's going to happen when the one things keeping consumers afloat — low gas prices — disappears?" Schiff said. "Simple: They're going to sink."

So that extra $50-$200 per month is the only thing keeping the US economy afloat? Kind of hard to take this guy seriously.

He's probably talking about oil prices which affects much more than just gas. That's the way I took it anyway.

 

[HawktimusPrime]

Schiff added that the only thing helping consumers is low gas prices, which he says aren't going to stay low forever.

"So what's going to happen when the one things keeping consumers afloat — low gas prices — disappears?" Schiff said. "Simple: They're going to sink."

So that extra $50-$200 per month is the only thing keeping the US economy afloat? Kind of hard to take this guy seriously.

You do realize the effects of gas prices on business correct?

It's funny how the do'ers always seem to get this stuff better then the sit and ask for things crowd.

 

[HawktimusPrime]

He's probably talking about oil prices which affects much more than just gas. That's the way I took it anyway.

That's exactly what he is saying. Not sure why that is so hard to understand for some. Plus those dollar ranges he spoke of, represents money that won't go elsewhere.

 

[NoleSoup4U]

That's exactly what he is saying. Not sure why that is so hard to understand for some. Plus those dollar ranges he spoke of, represents money that won't go elsewhere.

It's hard because some people just don't want to see it.