In Search of the Real Austrian School
Institutional Economics — Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Right Forecast, Wrong Trade
Institutional Economics — Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Bubble Seers
EconLog: Library of Economics and Liberty — ... from June of 2002, but in that article Leamer concluded that the near-term outlook for house prices was very positive. The Wall Street Journal profiles three long-term bears. All three of them are particularly worried now about U.S. Treasury securities being overpriced. Their views make sense to me. I am very sympathetic with Peter Schiff, who has had doubts about the dollar's ability to remain strong.

“No One Saw It Coming” — REALLY?
The Big Picture — ... institution that is behind so many of the bad decisions and missed opportunities. That speaks volumes . . . > Sources: Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party JUSTIN LAHART WSJ, JANUARY 2, 2009 http://online.wsj.com/article/SB123086154114948151.html Has Financial Development Made the World Riskier? Raghuram G. Rajan http://www.kc.frb.org/publicat/sympos/2005/PDF/Rajan2005.pdf The Doomsayers Who Got It Right More Bad News in Store for 2009? Last ...

Friday links: extraordinary opportunities
Abnormal Returns — ... What the ‘doomsayers‘ see for the economy and markets in 2009.  (WSJ.com) ...

Blame Oil, Not Housing
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Why Economists Missed the Crises
The Big Picture — ... ‘City faces meltdown if debt crisis hits’ Edmund Conway, Economics Editor UK Telegraph, 12 Jul 2006 http://www.telegraph.co.uk/finance/2943149/’City-faces-meltdown-if-debt-crisis-hits’.html Merrill’s Rosenberg Inspired by Farrell in Foreseeing Crash Carlos Torres Bloomberg, Dec. 30 2008 http://www.bloomberg.com/apps/news?pid=20601109&sid=a8KK_pGpxqL4& The Doomsayers Who Got It Right More Bad News in Store for 2009? Last Year’s Cassandras Are Still Gloomy JEFF ...

What is Seen and What is Not Seen: Cow Candy Edition
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

"I Told You So" and Other Just-So Stories
Conglomerate — ... , I'm getting a little weary of financial crisis stories inthe popular press of the "so-and-so-saw-it-coming-and-why-didn't-the-rest-of-you(us)" variety, like this one.  ...

Commodity Prices and the Australian Economy: Trends versus Cycles
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Macro Non-Predictions for 2009
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Credit Default Swap Myths
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Bailouts Gone Wild: The Welfare Economics of Porn
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Life Imitates Art: Atlas Shrugged Edition
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Does ‘Peak Oil’ Cause Oil Prices or Do Oil Prices Cause ‘Peak Oil’?
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Thrift is No Paradox
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Is Australia the Freest Country on Earth?
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

The Failure of US Fiscal Policy
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

The Multiplier Equals Zero
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

The Terms of Trade: Not Dead Yet
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

An Offer Über Dollar Bears Cannot Refuse
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

US Government Debt Default – It’s Happened Before
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Right Forecast, Wrong Trade II
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Rudd Bank Puts Taxpayers Last
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Rudd Bank versus AussieMac
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

‘Neo-Liberalism’ Triumphed in 1978.  Who Knew?
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Rudd in Wonderland
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Rudd in Wonderland II
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

A $42 Billion Future Tax Increase: Immiseration Not Stimulation
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Obama’s Fiscal Stimulus versus the University of Chicago
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Ken Henry on Activist Fiscal Policy
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

So Much for ‘Liquidity Enhancement’
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

‘The Last Little Timber from a Sunken Boat of Ideas’
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

‘Attacking Iran is a Shovel-Ready Project’
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Five Reasons Why Fiscal Stimulus Won’t Work
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

The Next Freddie and Fannie
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

The 25th John Bonython Lecture and CIS Annual Dinner
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

The Running of the Bears
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

The Greenspan Counter-Factual
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Anglo-American Outperformance
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Paul Krugman, Enemy of Progress
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Peter Costello, Economic Nationalist
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Market Power is Bad, Except When it’s Our Market Power:  Harry Clarke versus the ACCC
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Ricardian Backlash to Fiscal Stimulus
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

PIMCO: Bail-Out Profiteers
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

The Giant GSE Risk Turkey: The Future of Freddie and Fannie
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

‘They will just dig them up and cart them away’
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Colloque Lippmann 71 Years On: Paris 1938 versus New York 2009
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Disaster Tourism: New York City 2009
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Educating Rudd
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Greenspan versus Taylor
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Arbitraging Congress
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

All Praise Lu Kewen Thought!
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Bubble Poppers: Monetary Policy and the Myth of ‘Bubbles’ in Asset Prices
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

My Secret Life as a Crop-Burning New Dealer
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Self-Inflicted Chinese Influence Peddling
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Keynes and the G20
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Blame it on Rio
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Political Identity Survey
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Bubble Wrap
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...

Canberra is the Problem, Not Beijing
Institutional Economics — ... Right Forecast, Wrong Trade The WSJ profiles ‘ doomsayers who got it right ’ – well, almost: [Peter Shiff] has been wrong on significant parts of his argument. Many detractors point out that two of his core beliefs—a longstanding prediction that the dollar would collapse and that foreign stocks would outperform U.S. shares—have been well off the mark in this crisis. A rush into the safety of the greenback sent the dollar soaring against other currencies and, as a side effect, helped undermine shares of stocks around the world. Mr. Schiff acknowledges that he wasn’t expecting ...