Peter Schiff was right.....The U.S is back in a great recession.

Well either way House the fact is that last months new jobs number was only 38,000 so it should be an alarm bell ringing.

I predict that from the month of May onwards the new jobs number will continue to be woeful and eventually Janet Yellen will be forced to do something about it.

This will be the time that she implements QE4 to infinity I believe?
 
Schiff will be eventually right. Unfortunately he completely misses the part where the dollar goes to an all-time high first. He has been talking about the dollar crash for a long time. It is a bit like saying that death is coming to a new born baby. It misses everything in the child's life between birth and death. It is not very helpful.
The powerful dollar is what will kill the U.S. economy. Exports will crash and imports will skyrocket..
 
TheEnd said:
Well either way House the fact is that last months new jobs number was only 38,000 so it should be an alarm bell ringing.

I predict that from the month of May onwards the new jobs number will continue to be woeful and eventually Janet Yellen will be forced to do something about it.

This will be the time that she implements QE4 to infinity I believe?
Click to expand...

There's been lower 6 years ago and guess what, things have kept chugging along. You can't take one bad figure from one month and use that to ring your alarm bells. I can guarantee that you didn't bother to look any deeper as to why it was so low... 36,000 Verizon employees didn't report to their jobs to participate in a strike that lasted 6 weeks. So that's doubled your figure right away.

Still low but JOLTS have beat their expectation so there will be an increase in employment in the following months. I'd be surprised if new job figures didn't at least double for this month.
 
TheEnd said:
Peter Schiff has been spot on with his recent predictions.
Click to expand...
I'd love you to elaborate, and detail the specifics of these recent spot-on predictions. ;)
 
wrcmad said:
TheEnd said:
Peter Schiff has been spot on with his recent predictions.
Click to expand...
I'd love you to elaborate, and detail the specifics of these recent spot-on predictions. ;)
Click to expand...

Well for months before the interest rate rise last year he was saying it would mark the bottom for gold rather than leading to new lows. It was a pretty good call in hindsight.
 
Silverthorn said:
wrcmad said:
TheEnd said:
Peter Schiff has been spot on with his recent predictions.
Click to expand...
I'd love you to elaborate, and detail the specifics of these recent spot-on predictions. ;)
Click to expand...

Well for months before the interest rate rise last year he was saying it would mark the bottom for gold rather than leading to new lows. It was a pretty good call in hindsight.
Click to expand...
It was not a good call in hindsight.
Shitt has been calling the bottom for years (not months), all the way from its highs.
Thus, in hindsight, after years, his advice-followers are still well in the red, which makes his calls look even more Schitty indeed.
Here is a thread on how poor Schiffs calls were in hindsight:
http://forums.silverstackers.com/message-784681.html#p784681
 
wrcmad said:
Silverthorn said:
wrcmad said:
I'd love you to elaborate, and detail the specifics of these recent spot-on predictions. ;)
Click to expand...

Well for months before the interest rate rise last year he was saying it would mark the bottom for gold rather than leading to new lows. It was a pretty good call in hindsight.
Click to expand...
It was not a good call in hindsight.
Shitt has been calling the bottom for years (not months), all the way from its highs.
Thus, in hindsight, after years, his advice-followers are still well in the red, which makes his calls look even more Schitty indeed.
Here is a thread on how poor Schiffs calls were in hindsight:
http://forums.silverstackers.com/message-784681.html#p784681
Click to expand...

no denying it was a good call, more so because pretty much everyone was calling for new lows in gold if they raised interest rates. I know it caught me wrong footed.
 
Silverthorn said:
wrcmad said:
Silverthorn said:
Well for months before the interest rate rise last year he was saying it would mark the bottom for gold rather than leading to new lows. It was a pretty good call in hindsight.
Click to expand...
It was not a good call in hindsight.
Shitt has been calling the bottom for years (not months), all the way from its highs.
Thus, in hindsight, after years, his advice-followers are still well in the red, which makes his calls look even more Schitty indeed.
Here is a thread on how poor Schiffs calls were in hindsight:
http://forums.silverstackers.com/message-784681.html#p784681
Click to expand...

no denying it was a good call, more so because pretty much everyone was calling for new lows in gold if they raised interest rates. I know it caught me wrong footed.
Click to expand...
I'll deny it.
Peter doesn't pinpoint a particular reason for his bullish calls on gold.... he just calls.
A rise in gold price neither makes his calls clever, nor good. Rather it makes a coincidence that lots of people like to interpret as credibility.
 
wrcmad said:
Silverthorn said:
wrcmad said:
It was not a good call in hindsight.
Shitt has been calling the bottom for years (not months), all the way from its highs.
Thus, in hindsight, after years, his advice-followers are still well in the red, which makes his calls look even more Schitty indeed.
Here is a thread on how poor Schiffs calls were in hindsight:
http://forums.silverstackers.com/message-784681.html#p784681
Click to expand...

no denying it was a good call, more so because pretty much everyone was calling for new lows in gold if they raised interest rates. I know it caught me wrong footed.
Click to expand...
I'll deny it.
Peter doesn't pinpoint a particular reason for his bullish calls on gold.... he just calls.
A rise in gold price neither makes his calls clever, nor good. Rather it makes a coincidence that lots of people like to interpret as credibility.
Click to expand...

He did actually, the interest rate rise.
 
tolly_67 said:
Schiff will be eventually right. Unfortunately he completely misses the part where the dollar goes to an all-time high first. He has been talking about the dollar crash for a long time. It is a bit like saying that death is coming to a new born baby. It misses everything in the child's life between birth and death. It is not very helpful.
The powerful dollar is what will kill the U.S. economy. Exports will crash and imports will skyrocket..
Click to expand...


That is an excellent way to put it! Schiff is obviously an intelligent guy and I like to watch him debate with some of the numbnut pundits on the MSM financial stations. However I can't respect his calls much (nor any other pumpers) that NEVER EVER EVER say the $hit (PM's) is going to drop, even short term, etc. Although he may wind up correct one day, he misses everything in the middle like tolly says.

As someone once told me "being early is still being wrong" or something like that.

Just my opinion.

Jim
 
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