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Peter Schiff's predictions for 2010

Discussion in 'Economics and Financials' started by padre31, Jun 28, 2010.

  1. padre31

    padre31 Premium Member Luxury Box

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    [ame="http://www.youtube.com/watch?v=yDXyjv6xTbU"]YouTube- Peter Schiff 2010 Predictions | January 4th 2010 (FULL Video)[/ame]


    What struck me is when he said "Americans are going to stop shopping, we're broke, we're done"...

    And that is why the Keynsian "prime the pump" is not working, the cash is being absorbed by Consumers who overspent previously and now are trying to extract themsevles from those debts.
     
    gafinfan likes this.

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