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Peter Schiff

Originally published at BunkBlog. You can comment here or there.

Pundits scoffing accurate predictions about the economy

Just in case someone hasn’t seen this yet.

This is another great example of the so-called experts being extremely wrong about so many things, yet all the incredibly astoundingly wrong experts still are considered succesful pundits. Mike Norman still has his respected podcast, Charles Payne is still a sought-after stock analyst and broker, the wrong-on-many-levels Ben Stein (is there anything he’s right about?) continues to get on television…

What does it take to discredit people? Telling the public to buy Merrill Lynch and Washington Mutual, telling the public that housing prices are stable and growing…Why does anyone listen to these putzes? They openly laugh at Peter Schiff, who turned out to be 100% correct on every count, and they still get to be on television as experts. Mike, why don’t you get on television? Your predictions have come true approximately one jillion times more frequently than Charles Payne and Art Laffer. Fak.


( 4 comments — Leave a comment )
Nov. 26th, 2008 12:39 am (UTC)
These people get their TV jobs due to political connections, not due to accuracy. It's the same state of affairs in the rest of journalism: I'm always amazed and appalled at the number of shithead columnists who get fired for plagiarism, sexual harrassment, or blatant lawbreaking, and they manage to get new employment within days or even hours. If editors were as worried about the effects of plagiarism as they say, then Mike Barnicle would be living on a street corner instead of making six figures from television appearances. (I watched a former assistant editor of mine get fired from nearly every publication in the Dallas area for everything from sexually harrassing interns to blatantly defying the Fort Worth Star-Telegram's ombudsman about reporters presenting themselves as anything other than Star-Telegram reporters, and one big publisher would now rather let his empire burn than show the wanker the door. Of course, this vermin has connections with the Campisi crime family thanks to his extensive dealings with Peruvian booger sugar over the last fifteen years, but he doesn't have to be so blatant about it.)
Nov. 26th, 2008 12:43 am (UTC)
Great, now you're making me rethink my plan to move to Dallas. Spoilsport.
Nov. 26th, 2008 03:47 am (UTC)
This sort of favoritism is everywhere. We're just a little more blatant about it out here. Don't let me stop you from moving here, unless you're planning on a journalism career. (I speak from experience: the only way you can get a job with most of our publications is if you went to SMU, and the only way you'll be able to advance is if someone above you gets fired or dies.)
Nov. 29th, 2008 01:49 am (UTC)

Oh. You're just kidding. Harrumph.
( 4 comments — Leave a comment )