As right as everyone here seems to think Peter Schiff is, the bottom line is that he has cost his clients and followers an absolute fortune this year by effectively recommending an unhedged short on the USD.
And are we here to make money (or at least not lose money)or to be mostly right?
Maybe if the USD crashes in 2009 Schiff will not only be right but will be making money for his clients and followers. But at this stage he is as off the money as the loonies who rejected his comments about the US housing market.
