Schiff gets reamed by other economists on CNBC and FoxBiz daily. they are so hostile to him.
Years ago, a moonbat explained something to me.
“We don’t like people who know stuff.”
This explains why those who have a vested interest in convincing us to get back into equities and corporate bonds don’t like Schiff.
I am staying in cash until CD’s are earning 12%. That did happen in the 70s. It is the only way I can foresee ever earning back the capital lost in the September Surprise Credit Crisis within my allotted lifetime. It will also only benefit us if we are cutting our own wood, sewing our own clothing, raising our own food and are still allowed to sell any excess to raise cash for property taxes.