I love this clip.  Listen to these guys arguing with Peter Schiff.  What a bunch of MO RONS, espcecially the retired pro wrestler.

They had this Laffer guy on Real Time with Bill Maher last week. Maher called him out and slapped him around saying Peter Shiff was right and how did he feel about being wrong and losing the bet, this guy is an idiot, I have no clue why anyone would put him in the position of 'economist'

Ha, I can't believe he had the nerve to show up on Bill Maher.  After his emphatic arguments, if i'm him, I bury my head in the sand and stay there.

Peter Schiff is the smartest guy on the economy right now. He advises Ron Paul also...

I love some of those predictions: the DJI will hit 16,000 (well he was half right), the financial sector had some great buys (GS closed at $175 that week, today it is down to about $75), and homes will appreciate about 10%. 

What a bunch of idiots, that was hilarious, each one brought a knife to a gun fight. Laffer is just a plain dumbass.

Aptly named.

great clip...great post...that is just awesome...Ben Stein was classic too...

I should have never listened to that guy when he said to buy Wamu...

hindsight is always 20/200, right Eric?  =)

This is awesome... What is the link?  I want to send it to some of the naysayers.

I love it.

But this guy has been making the same claims for years.  He was finally right.  here is a 2 part episode from you tube.

http://www.youtube.com/watch?v=rhJaVEWAG24

http://www.youtube.com/watch?v=emvMqjtcO7o

I said during the war room today, that a broken clock is right twice a day.  he was advising clients to stay out of the stock market during the biggest boom years.  How much money did people make in the market from 2002 to 2007.  

you are right Vic but I'm not going back to check if was wrong or right on other issues. he was right about this which is why I replied.

Hopefully eveyone can at least understand that he has been saying something like this would happen since 2002.  I started to look for older videos, but frankly i got so depressed listening to him i decided to stop.

Victor Burek:

Hopefully eveyone can at least understand that he has been saying something like this would happen since 2002.  I started to look for older videos, but frankly i got so depressed listening to him i decided to stop.

I normally tend to tune these guys out a lot...but after the war room today...I also started to watch some of his video since 2002.  Had to stop...through every one of them he pretty much just said the same thing over and over again. 

Victor the broken clock is right twice a day is the perfect quote for him!!!

Now I didn't listen to the '02 ones, but at the same time he saw the problem of stated loans, option arms, 100% financing etc...and it was just a matter of time...just so happens it fueled itself for a few years before busting...

probably right though...he's probably just a constant pessimist about things...I used to check out Mish Shedlock's blog everyday, but got tired of the constant redundancy of the calls for the Apocalypse...

http://globaleconomicanalysis.blogspot.com/

Good Job Vic.  THANKS for digging those up!  It's always better to hold our notions up to the fire!

I guess we can give Schiff a little more credibility when/if gold does or doesn't go up to 2k an ounce.

Matthew Graham:

Good Job Vic.  THANKS for digging those up!  It's always better to hold our notions up to the fire!

 

I guess we can give Schiff a little more credibility when/if gold does or doesn't go up to 2k an ounce.

Matt,

From the inflation adjusted graph of home values you had up yesterday, what level were they at in 2002?  Is it possible Schiff was well ahead of the curve?