Word: schiffe
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...Peter Schiff is loud--a decibel or 12 above everybody else. And it's hard to get him to stop talking. Ask the man a simple question and you get a 10-minute harangue in response. This harangue is likely to feature libertarian political opinions that are by Schiff's own admission pretty extreme--inherited as they were from a father currently in prison (at age 81!) for refusing to pay income...
...Schiff, 46, is not just some opinionated boor. He possesses a self-awareness that renders him a bit less obnoxious than I've described, and he happens to have done a better job than just about anyone else of forecasting in 2006 and early 2007 what was about to happen in U.S. financial markets. This wasn't a broken-clock-is-right-twice-a-day thing: Schiff appeared on the national scene just as the credit bubble was reaching maximum inflation and offered a critique of the nation's unsustainably debt-fueled economic trajectory that is now--after the fact...
...reinvented all the time because we need an almost infinite variety of wheels. The gear was a reinvention of the wheel, as was the pneumatic tire. Nano wheels are being invented that will [run] nano machines, coming soon to an artery near you." (Watch TIME's video of Peter Schiff trash-talking the markets...
...that investors shouldn't take much comfort in that. "We think Wells' earnings may be lower than expected in the second half of this year as credit losses rise and mortgage-origination revenue declines," says Najarian, who rates Wells shares a "hold." (Watch TIME's video of Peter Schiff trash-talking the markets...
Watch TIME's video of Peter Schiff trash-talking the markets...