http://www.longislandbubble.com
This video is about predictions made Dec 31, 2006 by the bullshitters and bears of real estate as to what will happen to housing in 2007. I have added the aftermath so far; Peter Schiff has made some accurate predictions.
Duration : 0:4:20
It’s staggering and …
It’s staggering and sad how right Peter was on the housing bubble, but how wrong he was recently because he doesn’t understand international trade, debt, and currencies.
Anyone who invested money on his ideas in the past 6 months has lost soooo much money… the S&P 500 index looks enviable in its modest decline. The world has weakened in ways Peter never anticipated, and his ideas don’t adapt.
November 23rd, 2008 at 4:48 pmDon’t pay too much …
Don’t pay too much for your next mortgage loan. Avoid the obvious. See us for better mortgage loan offers.
Mike Norman is such …
Mike Norman is such an idiot. He has no clue about basic economic theory. He got pwned by Peter Schiff in this segment on Fox News, but you wouldn’t have known it at the time. Now Mike Norman has come off looking like a jack and an ineffectual nothing!
As I watched this,I …
As I watched this,I see why so many Americans that believe the US media are so Dumb.Most Americans have NO idea,the federal reserve is NOT federal,but a private bank,that is bringing this country to it’s knees.
I hope many that …
I hope many that watch videos like this,and others that show what is happening in America,will wake up.Factories are closing,over 1 million Americans are homeless,more than 700,000 are in forecloser,with more to come.What does the government do? bail out Banksters,and leave working home owners with the shaft.
Up 10 percent…. …
Up 10 percent….hahahahahahahaha your dumber than you look.
Not to say we will …
Not to say we will be immune but a few differences:
Less than 1/2 the per capita national debt and ours is dropping.
Appreciating currency and 1/2 the inflation.
A much smaller service sector a much larger resource sector.
As other currencies jump in value and the US dollar drops they will still need the uranium, oil, copper, nickel, gold, diamonds etc etc that we produce in spades.
Also our banks are tighter and house prices didn’t jump as much as in the US.
ahhh mike norman… …
ahhh mike norman… haven’t seen that guy on Bulls & Bears in like… forever
I bet Peter is the …
I bet Peter is the only living in own house at the moment.
I bet these other fools believe their own Bullshit and bought up large, now they’re living out of Peter gabbage.
Thank you Peter, I followed your advised and sold my inflated house and rented, now I’m laughing and have you to thank!!
November 23rd, 2008 at 4:48 pmNobody’s talking …
Nobody’s talking over the top of Mr.Schiff now, are they?
Looks like the …
Looks like the bears, not the bulls got the last laugh.
it’s not just …
it’s not just american’s, it’s people in general..as long as you have a good story they will listen and follow..Canada will be in the same predicament
caylee will not be …
caylee will not be found in florida. Nothern states
I needed a random …
I needed a random video to put up my predictions.If they com true You-tube can be used as proof to anyone who visits it.:
1.Baby Caylee will be found…shes not dead.The Grandmother will be angry/debating
2.Within a few years From russia the leader will attak the U.S.(war)-alomg with northern leaders.
Why does Atkins get …
Why does Atkins get all the credit for being an idiot? He shouldn’t. You can tell he doesn’t have a clue be just looking at him. It is that schmuck Mike Norman that makes me sick. I wouldn’t let that cheerleading fool advise my 12 year old’s paper route money. What a know-nothing blow hard.
I went to check out …
I went to check out a few house today and I’m seeing “For Sale” signs everywhere. Unless you can get one dirt cheap now, I’d just wait a few more months. Most banks are expecting lower prices in the next few months and have already factored this into their appraisals.
Ha ha, yeah. Couple …
Ha ha, yeah. Couple more years and homes will be worth nada.
Peter Schiff is god.
