Somewhere a couple of days ago I saw a video of an economist by the name of Peter Schiff on CNBC, trying to make the case over the last two years that we were headed for a bear market and a severe contraction of the economy, against other cheerleaders of the existing bull market and housing bubble. Looking back, he seemed so prescient while the others looked so, well, stupid.
Here is an audio interview with Dr. Schiff that you might find enlightening for more help in understanding why we are in the economic mess we're in. I don't necessarily agree with all that he says, but it is intriguing. Go to the bottom of the linked page and click on 'download' (make sure your speakers are on).
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