Rebel Yell: Maybe Peter Schiff Should Rename Himself To Peter Shi*
This morning CNBC takes to task the calls of perma bear Peter Schiff. It is amazing that anyone would give him the time of day because his calls have been so off. We are not talking the last six months but year after year after year.
Yet CNBC continues to bring him back time and again to beat the dead horse of impending financial doom. The funny thing is they just trashed him in an article on their website today. Yup that is correct.
Poor Forecasting From Peter Schiff
What should we learn from Mr. Peter Schiff? A good thing to do before you follow someone’s advice from a media source like CNBC is to do a little homework, case in point with one Peter Schiff or one of the countless other gloom and doomers. Remember even a broken clock is right twice a day and that it is better to follow someone who can tell time as well as the direction of markets and sector.