In 2007, pundits scoffing accurate predictions about the economy


I wonder what the other blowhard pundits seen here have to say about making fun of Euro Pacific Capital president Peter Schiff's accurate predictions in 2006 and 2007 about the economic meltdown and its causes? (Ben Stein should probably stick to his subject of expertise, which is claiming that "science leads you to killing people")

This video sequence offers a compendium of appearances (covering the 2006-2007 period) by Euro Pacific Capital president Peter Schiff, who is a frequent -- and frequently disrespected -- talking head on cable news shows. What astonishes is not just the accuracy of his dour predictions about the economy but the sheer arrogance of every other person appearing on these programs.

I don't know who comes off as worse -- the supremely snotty Ben Stein, or the well-named Arthur Laffer. I just wonder how Ben Stein feels about the financial markets as an investment now.

This is an astonishing compilation of clips. It just keeps getting more outrageous as it goes along. Every time Schiff says something sensible, the pundits surrounding him snort and howl. They treat him with undisguised contempt and hatred, as though he had just called for ending the laws against homicide or reducing the age of consent to three.

Peter Schiff was right