@TheRonDoe "He also said in 2009 that the market would not rally until rates started going up. Well, the market has rallied a shit-load and rates are at the bottom." // Last year, when the market bounced for 2 or 3 days after the huge collapse, he didn't want to touch the long side and starte...
google "total bailout cost" (without the quotes) and read the July 24th NY Times article that comes up 2nd on the page. Now way did the Gov make a profit on all of this. Also what about the cost to savers of ZIRP and what about all the FDIC bailouts?
I agree that the results you reported on were very bad for those 2 years, but I'm wondering how Schiff did for a longer time period. (say a 10 year time period compared to the Dow). The Dow is still at a lower value than it was in the spring of 2000. I'm wonder...
@TheRonDoe "He also said in 2009 that the market would not rally until rates started going up. Well, the market has rallied a shit-load and rates are at the bottom." // Last year, when the market bounced for 2 or 3 days after the huge collapse, he didn't want to touch the long side and starte...