by Summary:
If you are some economic guru, how is this guy's funds doing so bad? Suckers in with him.
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Mike Norman considers the following as important:
This could be interesting, too:
If you are some economic guru, how is this guy's funds doing so bad? Suckers in with him.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| If you are some economic guru, how is this guy's funds doing so bad? Suckers in with him. |
I used to listen to him all the time a few years ago. The problem with his outlook is that it’s predicated on an economic meltdown. Which can happen, but over the long run, optimists vastly outperform pessimists
to me schill is al bundy who spends rest of his failure life propelled by 1 HS touchdown with the housing crash calll.
When Schiff and Harry Dent turn bullish on the economy, I'm loading up on gold!
🤣🤣
Lol
It doesn't matter, a true understanding of economics matters. And that means being against socialism
🤣🤣
Good stuff. Proves what a 🤡 he is.
Higher interest rates are inflationary. However, couldn’t market psychology simply steamroll that fact for even years at a time, because everybody thinks they are deflationary..?
Also what if they cannot squash inflation in any significant manner and it continues to grow? Do they invite Paul Volcker back from the dead to have him handle it? The guy they have in there now is a people pleaser. I am not sure if they can get a somebody in there that is willing to stop the economy in its tracks in order to try and save the US Dollar… I think that ship has probably sailed.
Paul Volcker also reset the bond market and positioned it for a record 30 year bond market bull run. Which "Bond King" Bill Gross road the entire time and became very wealthy off of it.
We get it, you don't like Peter Schiff, can we move on now?
Nothing is stopping you from moving on.
I'm reminded of mainstream thinking on Japan. They have been predicting doom and gloom on Japan for decades, and when asked they throw out stupid stuff like it's their culture. They cannot explain Japan. An MMT economist certainly can. Good work Mike.
Mike still pissed after all those years when Sctiff was right and Mikey and his investments got a 60% drawdown. Mike wants to say it was a policy error but it’s been a policy error forever. Mike wants to ridicule when the error works in his favor. Don’t be a hater Mike
It must get embarrassing shilling for that moron all the time. He doesn't give a shit about you, and more importantly, he couldn't make you money even if he tried. (Which he doesn't.) You gotta be a real loser.
👍👍
Rick Rule is another diarrhea of the mouth, how 2 invest in miners 99% LOSERS 🙃🙃
The one thing about Peter Schiff that has always concerned me is that if he thinks gold is the way forward, why is he not keeping it all for himself? I do agree with him on foreign policy but I think Mike is on the same page with this point…lets stop p1$$ing other countries off and try and get along as the market is always better in peace time. If Peter Schiff gets his wish and the world goes to hell in a hand basket, gold will be irrelevant when there is no food to buy with the gold people have purchased (because the factories and supply chains will have collapsed) there will be looting, raping and murder occurring on a large scale as people become feudal animals trying to survive or feed their children; did we not see the panic the start of the pandemic created? I didn't see people cramming to get gold then but rather tins of soup, pasta and oddly, toilet rolls. I am not against gold as I have actual bullion and have held it for almost 20 years but I don't hold it in case of Armageddon, I just started buying 1oz coins back in 2001 as a collector. All the people wishing for the end of the world will get their wish is the US did collapse. Me? I chose bread, water, a roof over my children's head over a metal that is very important don't get me wrong, but it's not the second messiah.
I agree with your assessment. There is a saying I heard recently "you don't want to live in a society where gold is $50k an ounce."
Wooooooooo shots fired
Schiff is clueless and it shows in his funds performance
Sometimes you just can’t help it 🌋
From an Economics principle standpoint Schiff is correct in many ways. But the financial engineering and real world activities don’t always correlated with rational logics. Mike’s economics principles as result of govt policies are definitely good for stocks but I don’t think it is necessarily good for most of the world aka the average citizens who can’t buy stocks. Having said that Mike has said that he doesn’t always approve govt policies but he simply using his MMT approach to make money in the markets
No actually Schiff predicates his understanding on false assumptions.. He doesn't understand the economy or how the currency works or how the gov deficit spends. Hence why his funds do so poorly. He is one of the biggest idiots in all of financial commentary.
thanks for keeping it real Mike. Schiff is a loon.
I don't think bonds on the long end are correcting per se, still heavy shorting and panic selling. There is this misguided idea that taper and federal funds rate somehow controls the long end….yet for decades the long end barely reacts to it…though my portfolio did recently after buying the extreme lows last year…I still got hammered on tmf. I'm still in the fight…just waiting for the panic and shorters to be done. I have some speculation it'll be heavy Tuesday since I think that's the day fed stops buying as much for the first time…we'll see.
the pdf for his international small value fund says they have 0% in healthcare but their top ten holdings include novo nordisk. am i missing something or do they not know how to figure out sectors?
Schiff is a donkey. i read one of his books in 2011 and missed out on a lot of gains.