Ok. Here is a great discussion between Peter Schiff, Don Luskin and Robert Froehlich about the auto situation (Steve Forbes in in the second video). Got to be honest….Schiff wins this one hands down..
So, we know what I have said about Mr. Schiff in the past. I still stand by that. But, here and now I think he is the one that makes the most sense. The best quote “we are punishing success and rewarding failure” with the gov’t bailouts.
Here is the video:
In this part Schiff argues the dollar is going to crater, buy gold, avoid financials, and look at hard metals.
Part 2:
Mr. Schiff, I notice you have a new book out, forward me a copy and I’ll give a read and a review.
Disclosure (“none” means no position):
Visit the ValuePlays Bookstore for Great Investing Books
7 replies on “Auto Bailout Discussion….Schiff Is Right Here”
Interesting but I rather do what Carlos Slim ,The Prince, Heebner and Ican to name a few did and that is buy Citigroup stock.
Follow the big boys.
MSF,
Repetitive.. this is not yahoo message board, there are no teenagers on this blog.
Some points on Sears’ brands securitization:
http://changealley.blogspot.com/
Repetitive of true facts.
Todd Sears seems to be holding up strong. I don’t think it will drop much from here.
Another downgrade from Moody’s to below junk will hurt the company.
Nick that is old news didn’t help the company stock much at all.
CITIGROUP WILL BE AT $25 BY THE END OF 2009.
REMEMBER FOLLOW THE BIG BOYS.
HAPPY HOLIDAYS