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To: Amots who wrote (380364)1/30/2009 11:38:47 PM
From: Bid Buster2 Recommendations  Read Replies (1) | Respond to of 436258
 
I see that as just harping on Schiff's bad return.

What about Mish's return?
Does he even trade?

I think not, but I can't be sure
as who really follows that dope?

But lets say Mish does trade...
How did his deflation outlook reflect in that over the last how many years?
5 at least.

So this year he has it right
Ok, I'll give him that.

But how did that brief deflation period work out before the Weimar republics hyperinflation?

Got tarp?

Whats gold saying?

Listen closely



To: Amots who wrote (380364)1/31/2009 2:48:50 AM
From: Cactus Jack2 Recommendations  Read Replies (1) | Respond to of 436258
 
This comment to that column sums it up for me:

I will no longer argue the inflation / deflation thesis. The massive bailout numbers being thrown around make the outcome all too obvious to anyone who can fog a mirror. The longer the deflation thesis holds sway, the more new money will be pumped into the system trying to reflate it, and the higher the ultimate peak will be in gold. I will be selling my PM's to current deflationists when they finally panic and change their minds, right at the peak.

Go Mish. Keep on reelin' 'em in, buddy. I'm through trying to stop the destruction of the US Dollar. When this is over I'll be able to look in the mirror.


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To: Amots who wrote (380364)1/31/2009 7:41:10 AM
From: Box-By-The-Riviera™12 Recommendations  Read Replies (1) | Respond to of 436258
 
what's funny there is, shedlock doesn't trade, doesn't have any money, doesn't invest any other person's money, and therefore, aside from being a plagerist with an unsubstantiated resume, doesn't have any risk what so ever, when he opens his mouth.

there in lies one distinct difference between shedlock the plagerist and peter schiff.

there are others equally important.

secondly... when it comes to calls, 100's of people have been calling this situation going all the way back to 1998. This is easily documented. Along the way, some at times made money, some at times lost money, and some, net net, made gobs of money. an event occuring once in 300 years, one might already conclude, is hard to time in all of its unfolding parts. Clearly, however, anyone making such a call, and having taken appropriate heed, is thus far, and today, in an extremely enviable position compared to every major house and bank and pension and endowment fund existent world wide.

I'd say guys like peter schiff, and presumeably the clients of his who see the big picture, have been, and will be, in great shape as this unique moment unfolds. One in 300 year events do not care about arbitrary investment year dates. It is a process in fact, not an event. The process envelopes and supercedes, and thusly overrides, mere reporting dates for returns on investment, and thereby making it all the more difficult for a market timing approach., let alone the herd mentality of a market having had a fed chairman in its pocket since 1988.

Shedlock is an opportunistic hack who owes his web presence to the same phenomenon that spawned cnbc, hysterical empty bubbles. He has yet to prove by any substantiative measure he is any more than a motley empty vested fool. Just another manic symbol.