solarbird | (Reply)

From:

And I've ... I was going to say posted, but I'm not sure. I think I've posted about Schiff's lousy performances. I'm not actually a fan. But he did talk about the bubble before it happened, and in the most recent surveys I've seen, almost nobody's funds are above broad market, which was also just recently down 50+%, and 90% in some sectors. So there you are. I think that's pretty brutal commentary on all these guys, really.

I don't typically talk about this, but I personally am up (very, very slightly) from December 2007, if that sort of thing matters to you. I'm worried about a Treasuries bubble and that this may not last, because that's where I've been hiding, and I don't really know where else to go from here.

Thank you for a source on the "kook" commentary. I see, 1998, yeah, when he was at MCS, frothing about in an infamously misdirected Usenet war about spam. I'd buy that.

See below for my comments on political instability. He's been freaking out about that, I agree. It's not without precedent in the US, as I mentioned below, but I think he's wrong. But if we get currency failure, things will get ugly. I just don't think the ugly will be so much where and how he thinks.

None of this has anything to do with bid/cover ratios on bond purchases, mind you. Which is what I linked to his post.