Are you serious? You still believe the GDP is a valid indicator??? I think you need to take a look at an important site called shadowstats.com. Considering you're supposed to be a financial writer of some sort- might I suggest a subscription? (just to keep up w/ current events and all... The, now unpublished, printing of the M3 would probably be high on that list, no?)
By the by, I was reading your biased article on Peter Schiff (who's pretty biased himself- but you're not helping!) You ask him- and I quote: "Most people disagree with that sort of pessimism. If you're staying in the United States, how do you invest?" My confusion here is who are you referring to by "most people"? Last time I looked- that would be today - the market is being propped up by the PPT and Bernanke's printing press! There's a gigantic stealth bear market out there that the strangely silent rich and the wise are buying into at present. A.) It's not unlike the negativity that Schiff speaks of everyday- it's just that people like yourself won't discuss it publicly! B.) It's not seeing much action in the US but rather in Chinese/Asian markets. It's been rising for more than a year now- where have you been?
Where did you get your financial education again? I mean, sorry to be so snide but you really weren't any less derisive to Peter Schiff and he actually gets a lot of predictions right while people have negatively PR'd the sand out of him over the last few years from here to CNBC! I also find it funny that this site no longer has an accessible comments page for that specific article and now I have to resort to responding here. Was May 30th so long ago?
Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.
Scott of NH @ Jun 04, 2008 14:31:57 PM
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