Peter Schiff and his predictive abilities showing correct again.

[HawktimusPrime]

http://www.benzinga.com/analyst-rat...is-peter-schiffs-recession-thesis-coming-true

Back in November, Peter Schiff, CEO and Chief Global Strategist at Euro Pacific Capital, appeared on Benzinga's PreMarket Prep to discuss his bearish thesis on the stock market and the U.S. economy. Less than two months later, elements of Schiff's thesis appear to be playing out just as he predicted they would.

“If the Fed raises interest rates, this bubble is going to be cracked, and we are going to have a worse financial crisis than in 2008,” Schiff told Benzinga in November.

Related Link: Peter Schiff: The Economy Is Doomed

Since that interview, the Federal Reserve issued its first interest rate hike, and the S&P 500 has started off 2016 down 8.2 percent in less than two weeks.

“Retailers have overestimated the ability of their customers to buy their products,” Schiff predicted in November.

Retail sales declined by 0.1 percent in December, closing out the weakest year for sales growth since the end of the last recession.

However, if Schiff is correct, things could get a lot worse from here.



Read more: http://www.benzinga.com/analyst-ratings/analyst-color/16/01/6146801/is-peter-schiffs-recession-thesis-coming-true#ixzz3xLegzSPW

 

[fredjr82]

Different day. Same laughable Prime thread on the Stock Market.

The more things change, the more they stay the same.

 

[cigaretteman]

Different day. Same laughable Prime thread on the Stock Market.

The more things change, the more they stay the same.

Yep, and the next time Shiff is right will be the first.

 

[fredjr82]

Yep, and the next time Prime is right will be the first.

FYP

 

[HawktimusPrime]

Different day. Same laughable Prime thread on the Stock Market.

The more things change, the more they stay the same.

What's laughable is that everything that I've said is coming true day and day out.

 

[HawktimusPrime]

Yep, and the next time Shiff is right will be the first.

Which way is the pendulum swaying Ciggy? Towards what you believe, or towards what I have been saying?

 

[HawktimusPrime]

A global market rout worsened Friday as steep drops in oil prices and renewed Chinese market volatility heightened investor anxiety.

Investors fled stocks and rushed into assets perceived as safe, sending the 10-year Treasury yield briefly below 2% and gold sharply higher.

The Dow Jones Industrial Average dropped 365 points, or 2.2%, to 16015 in recent trading, after falling more than 500 points earlier. It also dipped below 16000 for the first time since Sept. 29.

Traders described sentiment as the worst since August, when during one session the Dow industrials fell more than 1,000 points in intraday trading before ending 588 points lower on China fears.

Some traders said as the afternoon wore on they were seeing more and more investors taking positions betting stocks will fall even further, particularly because the U.S. stock market is closed on Monday while other markets, including in China, are open and could fall even lower.


http://www.wsj.com/articles/global-stocks-fall-on-oil-and-china-woes-1452850130?mod=rss_markets_main

 

[fredjr82]

What's laughable is that everything that I've said is coming true day and day out.

Did the Feds raise or not raise interest rates? You were pretty sure in calling their bluff that they wouldn't. LOL!! Must be nice to have such a selective memory.

 

[NoleSoup4U]

Yep, and the next time Shiff is right will be the first.

That's why he's made tons of money off this fiasco. I'm sure that was all a fluke, right?

 

[dgordo]

Which way is the pendulum swaying Ciggy? Towards what you believe, or towards what I have been saying?

Why are all of euro pacifics mutual funds down big ytd?

 

[HawktimusPrime]

Did the Feds raise or not raise interest rates? You were pretty sure in calling their bluff that they wouldn't. LOL!! Must be nice to have such a selective memory.

I personally didn't think they would, due to certain reasons as to why. I also explained what would happen if they did, which I've been correct about so far.

 

[HawktimusPrime]

Why are all of euro pacifics mutual funds down big ytd?

Ask Peter.

 

[HawktimusPrime]

That's why he's made tons of money off this fiasco. I'm sure that was all a fluke, right?

Not to mention 2008 which is absolutel undeniable that he was forecasting that a year or even two years before it happened. Ron Paul was also predicting it even earlier, and explained exactly how it would happen.

 

[dgordo]

That's why he's made tons of money off this fiasco. I'm sure that was all a fluke, right?

Why are all of euro pacifics mutual funds down big ytd?

Ask Peter.

Im not convinced he has made any money off of this. His mutual funds are all down big this year. He seems like a guy that makes big predictions but doesnt put his money behind them.

 

[fredjr82]

I personally didn't think they would, due to certain reasons as to why.

Gotcha. So you what you were saying wasn't coming more true day after day? We all knew that, but just wanted to make sure you were aware of it. You seem to have a problem in thinking that you're ever wrong.

I'm curious Prime. With the daily threads on the Stock Market are you a financial planner? Do you work with the Stock Market on a daily basis. I think we should know what it is you do for a living before we take your posts as gospel. Care to share what you do for a job?

 

[NoleSoup4U]

Im not convinced he has made any money off of this. His mutual funds are all down big this year. He seems like a guy that makes big predictions but doesnt put his money behind them.

He might be down this year, but are you just saying that he snapped his fingers and made all that money? He's obviously been a lot more right then wrong in his life.

 

[dgordo]

He might be down this year, but are you just saying that he snapped his fingers and made all that money? He's obviously been a lot more right then wrong in his life.

He made all his money by charging saps huge mutal fund and sma fees. Good for him but his clients dont do well.

 

[dgordo]

you can look at the returns for all his funds if you want:

https://www.google.com/finance?chdn...48182&q=MUTF:EPIVX&&ei=UmKZVvmZFIWTmAGN-5GwBw

https://www.google.com/finance?chdn...38510&q=MUTF:EPGFX&&ei=cGKZVoj6DoSVmAGUn7LIBw

https://www.google.com/finance?chdn...07127&q=MUTF:EPIBX&&ei=iWKZVvKtKtGpmAHN65XIBw

https://www.google.com/finance?chdn...90026&q=MUTF:EPDPX&&ei=r2KZVqykNYqHmAGg4IH4Bw

 

[IACub]

Heard a great quote the other day that the stock market has accurately predicted 9 out of the last 5 recessions.