kchoya
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Post by kchoya on Aug 8, 2009 23:59:34 GMT -5
Two things: 1. What a horrible "interview." O'Donnell is an ass. 2. Haven't really heard of Peter Schiff before, but he sounds well spoken. Does he have a chance against Dodd? |
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TC
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Post by TC on Aug 9, 2009 0:40:21 GMT -5
Here's an interview he did with The Daily Show back in June: www.thedailyshow.com/watch/tue-june-9-2009/peter-schiffMy guess is that Schiff has no chance and won't win his primary. Here's a guy who guessed right about and is given tons of credit for predicting the crash but guessed wildly wrong about everything else, predicted monumental hyperinflation and who lost his clients 40-70% last year. My bet is that he doesn't personally have the money to really challenge Dodd, his Ron Paul ties and Austrian School views aren't going to get Greenwich checkbooks (which are dependent on finance) to open, and he has no Government experience. |
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theexorcist
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Post by theexorcist on Aug 9, 2009 0:44:12 GMT -5
More on Schiff - en.wikipedia.org/wiki/Peter_SchiffTake a look at the discussion section and you'll find out why his profile is locked - half the readers think that he's anti-American, half think that he has no clue what he's talking about. His chances against Dodd don't really matter - what matters is winning the Republican nomination to take on Dodd. I'd doubt that the GOP would make it easy for Schiff, whose Paul followers are vocal to say the least. The Republicans want an easy, noncontroversial person who will make it easy for independents to vote against Dodd. |
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TC
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Post by TC on Aug 9, 2009 1:12:32 GMT -5
The Republicans want an easy, noncontroversial person who will make it easy for independents to vote against Dodd. So not John Rowland? I bet Meatloaf or Michael Bolton would do better than Peter Schiff. |
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Post by HoyaLawya on Aug 9, 2009 9:55:44 GMT -5
Here's an interview he did with The Daily Show back in June: www.thedailyshow.com/watch/tue-june-9-2009/peter-schiffMy guess is that Schiff has no chance and won't win his primary. Here's a guy who guessed right about and is given tons of credit for predicting the crash but guessed wildly wrong about everything else, predicted monumental hyperinflation and who lost his clients 40-70% last year. My bet is that he doesn't personally have the money to really challenge Dodd, his Ron Paul ties and Austrian School views aren't going to get Greenwich checkbooks (which are dependent on finance) to open, and he has no Government experience. Won't opine about his political odds in a state like Connecticut where a Casper Milquetoast Pubbie might have better chances against Dodd, but after seeing the video from circa 2006-07 where his predictions turned out to be "on the money" while Ben Stein and some other talking heads urging people to buy bank stocks were shown in hindsight to be utter folly, I became a Schiff believer on investments. Which prompted some $$ to go into gold (bought at $750, watched it go up to @ $900 inside of 2 months and sold). Also some $$$ into oil commodities when prices were low, low, low (like $41 per barrel) and selected PetroBras based on Schiff's advice to seek out a double play of commodity price rising and a company based overseas whose currency might hold up better than the US$. Wasn't unhappy about the direction that that investment took in the months after buying it, either. Just as he couldn't predict in 2006 in his interview the exact "when" of bank stocks being "toxic" proving out as the correct forecast on that industry, the same probably is true of his predictions for hyperinflation. The "when" of any potential "rout of the dollar" is in the hands of central banks overseas and foreign investors. So much of this is a "confidence game" and a "shell game" amongst the players. By the way, there's an interesting piece in Rolling Stone magazine about the various "plays" on the market that were being made by Goldman Sachs (and where they were "shorting" the market) and a prognosis about how our "favorite friends on Wall Street" are going to make major bucks if Cap-and-Trade gets adopted. Link: www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machinePeople in the NYC metro area will find the last name familiar since Mike Taibbi is a local reporter. Matt is related. |
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TC
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Post by TC on Aug 9, 2009 10:15:02 GMT -5
Won't opine about his political odds in a state like Connecticut where a Casper Milquetoast Pubbie might have better chances against Dodd It really has nothing to do with a "Casper Milquetoast Pubbie" - trying to elect Peter Schiff in Connecticut is like trying to elect Al Gore in Oklahoma or West Virginia - you can't elect a goldbug Austrian School guy in a state whose economic interests are 180 degrees from his views. A Chris Shays would be a much much better choice for the Republicans. Maybe you have a shot of electing Peter Schiff in a state like Nevada, but what section of Connecticut does Ron Paul appeal to? Won't opine about his political odds in a state like Connecticut where a Casper Milquetoast Pubbie might have better chances against Dodd, but after seeing the video from circa 2006-07 where his predictions turned out to be "on the money" while Ben Stein and some other talking heads urging people to buy bank stocks were shown in hindsight to be utter folly, I became a Schiff believer on investments. Which prompted some $$ to go into gold (bought at $750, watched it go up to @ $900 inside of 2 months and sold). Also some $$$ into oil commodities when prices were low, low, low (like $41 per barrel) and selected PetroBras based on Schiff's advice to seek out a double play of commodity price rising and a company based overseas whose currency might hold up better than the US$. Wasn't unhappy about the direction that that investment took in the months after buying it, either. The problem with what you are saying is that Schiff also predicted hyperinflation, a global decoupling from the dollar, and going long on foreign equities big time. And lost his clients money on that. So he guessed right on the crash - big whoop - he couldn't make any money off of it. Peter Schiff is just proof of how amazing Warren Buffett is. |
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theexorcist
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Post by theexorcist on Aug 11, 2009 9:27:02 GMT -5
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TC
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Post by TC on Aug 11, 2009 10:48:54 GMT -5
How much of that money is coming from CT?
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TC
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Post by TC on Aug 14, 2009 13:42:23 GMT -5
This race just got more interesting - Linda McMahon of wife-of-Vince and mother-of-Stephanie is now in the Republican mix. Seriously - why not Meat Loaf or Michael Bolton, Republicans?
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theexorcist
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Post by theexorcist on Aug 14, 2009 13:52:44 GMT -5
This race just got more interesting - Linda McMahon of wife-of-Vince and mother-of-Stephanie is now in the Republican mix. Seriously - why not Meat Loaf or Michael Bolton, Republicans? Hey, it's not her fault. Anybody could beat Dodd right now. |
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kchoya
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Post by kchoya on Aug 14, 2009 16:10:29 GMT -5
This race just got more interesting - Linda McMahon of wife-of-Vince and mother-of-Stephanie is now in the Republican mix. Seriously - why not Meat Loaf or Michael Bolton, Republicans? If Al Franken can be a U.S. Senator... |
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