Mish’s article wasn’t a cheap shot; it was right on point. Schiff’s basic investment premise is based on the utterly false notion that the Asian economies had decoupled from the US economy and that, once the US economy collapsed, the Asian stock markets would be safe havens. In reality, they crashed even further than the US stock market and Schiff’s clients have taken a terrible beating.
Mish has one of the best economic websites out there- it is on my frequent visit list along with Calculated Risk.
He is right about the “decoupling” being an unsustainable premise, sure enough, but we are going to need leadership from the some of the “coupled” economies in Asia that we are not going to get under this administration.