As a matter of fact he is calling for new housing bubble based on the low interest rates that the Fed is keeping in place.He is also calling for a massive collapse of the worlds economies, including hyperinflation and gold going to $12,000. He has been doing this kind of false predicting since at least 1998.
I havent yet seen you own up to the fact that Mr. Schiff has been wildly wrong in the overwhelming majority of his predictions.When you do it we will ALL know you have some integrity. You will not get off easy. Not after having to chase you for 2 years on the subject. You have praised him repeatedly. Even calling his prediction that Gold will rise to $12,000 or the Dow will fall to 1,400 in the next 2 years "BOLD". Sorry but that aint bold its CLEARLY CRAZY LYING TALK. I understand its a little embarassing for you to have held this guy up as someone whose books you read and admire but you made a huge mistake propping him up as an esteemed "economist". You are clearly unable to acknowledge this so you grasp at straws at the one prediction he got "right.
As far as what you want me to do. I have said repeatedly that he got his prediction of a housing bubble correct. Much like Paul Krugman and a host of other people did. I have also said that MR. Schiff had been predicting this same thing for a number of years where it didnt happen. When someone is wrong 19 out of 20 years I dont think he deserves the praise you want me to give
him. You need to own up to his awful record of false predictions. YOU HAVE NOT DONE SO YET
NO MATTER HOW MUCH YOU PRETEND YOU HAVE. ITS NOT ABOUT ONE OR TWO ACKNOWLEDGEMENTS, ITS ABOUT ADMITTING TO HIS PATTERN OF GETTING MOST THINGS WRONG.
Have you admitted ever that Krugman got his prediction of the housing bubble correct? As a matter of fact i remember you challenging that fact. Here is your chance to show that you do indeed own up to facts.