peter d schiff , page-22

Whoever says the market will rise will eventually be right. Whoever says the market will fall will eventually be right. Same with the US dollar, gold, commodities etc. It's more about timing.

Peter S has a very unfortunate manner and is somewhat blinded by his ideology. Because he sticks to his ideology he is right some of the time and wrong some of the time.

I think he's a ratbag not a realist. What I understand of the Austrian School is that the theories have some appealing elements, but it's basically soft and wishy washy, and ideologically-based not evidence-based. So I reject it as useless overall.

There will always be intervention in the markets by governments, monopolies, oligopolies and very wealthy individuals. Sometimes the market needs more benevolent intervention than other times. It needs it now and is getting it, thank goodness!