Word: schiff
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...Watch TIME's video of Peter Schiff trash-talking the markets...
...there are still plenty of skeptics of a rapid and robust turnaround, with their own set of numbers to cite: continued bleeding of private-sector jobs in the U.S. and Europe, more record lows in new home construction, and, er, the weak dollar. (Watch TIME's video of Peter Schiff trash-talking the markets...
...increase in the first quarter - mostly just bargain-hunting in January - is also relapsing in the second quarter. I'm not really seeing evidence in the actual economic data, as opposed to consumer surveys, that consumer purse strings are opening up. (Watch TIME's video of Peter Schiff trash-talking the markets...
...happen to disagree with most of Schiff's economic views. But there's a thriving line of academic research showing that including divergent opinions and models of how the world works makes groups better at solving problems. Our society failed spectacularly this decade at solving the problem of how to price houses and mortgage bonds. It would have done better if people had paid more attention to skeptical voices like Schiff's. "The fact that he was right this time doesn't mean he's going to be right the next time, but somebody will be," says University of Michigan...
...original version had the age of Schiff's father as 90. The correct...