Date: 2009-03-19 03:21 pm (UTC)
Right, he's a permabear in the middle of a huge bear market that got a fair number of short-term predictions correct. Where are his 2005/6/7 predictions? I looked on his site at old postings and found relatively few if any about a housing bubble, instead his permabear rantings were based around Social Security and and Medicare and illegal aliens and such. It indicates to me that he doesn't have any mad predictive skills and he just got lucky.

The kook comment - Karl was Usenet Kook of the Month.

Y2K - Yes, the guy is a half-step from a foaming-at-the-mouth survivalist. He's predicting collapse of the US, blood in the streets, etc. My guess is this is not the first time he's done that.

Peter Schiff, how's his fund doing? Because people keep talking about how spot-on he is, and then I'm hearing his fund is down 50-70%. Doesn't sound to me like he's beating the market.
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