Everywhere you look in the financial news the pundits, experts, economists and everyone predicts nothing but “green shoots” ahead. Housing is hitting a bottom, the economy is turning, the housing crisis is over. People are starting to believe it as the market has had quite a stunning rebound (50% or so) in the last 6 months.
Here are some clips assembled with Peter Schiff of Euro Pacific Capital. Mr. Schiff makes everyone look so clueless. It’s not because Peter is a genius, he’s simply looking at the reality of the market place and applying finance 101. To bad nobody in politics took econ 101.
For a little more from Peter Schiff (1 hour & 16 minutes), check out this video.
Any bottom in the US economy may start to be believable in 2013. At that point, we may start to be through the mortgage problem if the US govt can get out of the way and let the market sort itself out in the name of FREE ENTERPRISE.
