Leading Economist Jan Hatzius Refutes Peter Schiff's Senseless Housing Market Predictions

[shuntsu]

It seems as if both of them are looking at the same information, but have come up with different conclusions based on differing approaches to economics. That hardly sounds like Mr. Schiff has 'cultist' beliefs. One could say most modern econ students have 'cultist' beliefs for studying Keynes; but I don't say that. My point is not which of them has better cred, but whether they have a truly different interpretation of the data. It seems to me in this case to only be a matter of degree.

[SchittReport]

@shuntsu

peter schiff does not look at info nor intepret data - all he does is regurgitate cultist mantra from the austrian school.

for buddha's sakes, this guy does not even know that the US is the largest manufacturer in the world (look at all my other videos) - what sort of info or interpretation are you ranting on about.

unless you post a logical, well-constructed response - this will be your last posting here.

[shuntsu]

So Hatzius and Schiff basically agree that the housing market was overvalued back in 2006, and Peter thinks it is still overvalued, and Hatzius thinks it is merely oversupplied. Both think housing prices will go down, but their only real point of contention is by how much. Schiff seems to think declines in home prices of 15-25% are possible. Hatzius thinks maybe only 5%. I fail to see how Hatzius is 'debunking' anything, he simply has more rosy numbers. Make your arbitrary choice.

[SchittReport]

@shuntsu

I have let your inane posting pass this one time because I think it deserves a proper response.

Hatzius is an accredited economist who is a partner at Goldman Sachs - and who bases his conclusions on data, research, facts and analysis.

Schiff is a lowly stockbroker with a peanut business and no economic accreditation - who bases his conclusions on cultist beliefs.

There is nothing similar about them or their conclusions at all.

[drkevincampbell]

Peter only looks at the price of goods side of economics. He fails to understand the money side of the equasion. He like many other inflation hypsters believes the dollar will fall and we will be using barter to exchange gold dust for goods and services.

[fuckooo]

@drkevincampbell Hmmmm I wonder why? Maybe it's because Schiff ISN'T an economist?????????

[iglwy]

robert shiller irrational exuberance feb 2000.

if you took his advice at the time you would not have been destroyed when the dot com bubble burst.

shiller was right back then and he is right now