I noted about a week or so ago that Mike Shedlock a.k.a. Mish was out bashing Peter Schiff again. I figured that a couple of his points were actually valid, since Schiffs inflation predictions have so far not occured, at least not to the extent he seems to have feared. There is still time for that, however.
What I didn’t realize was that there has been a long-going fight between these two gentlemen, and that Schiff has now responded in a quite decisive manner. Let’s see if Mish dares pick this thread up…..
As a side note, I had no idea that Australian government bonds have been an excellent investment the last decade. You learn something new every day, it seems….
I thought that I was in the Mish camp for the longest time since Sciff seems a bit weird, but if that’s true I believe I’ll need to change my colours.
Thing is, both Mish and Schiff are selling a product. But I tend trust Schiff more due to his record of accurate predictions.
Time will tell who is right. Usually it pays off listening to the Mises.org-crowd for all things economy-related