Peter Schiff VS Mish Shedlock by Max Keiser - inflation VS deflation debate

Max Keiser talks to Stacy Herbert about the Peter Schiff versus Mish Shedlock affair and the inflation deflation debate

recorded on September 2nd 2009

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[trent2429]

Now that 2009 is over, we can check to see if Mish wiped the floor with Schiff again. From "5 stock picks from Peter Schiff for 2009" article, published 1/23/09:

Ascendas REIT - +60%

Duet Group - +10%

Singapore Petroleum - +360% (bought out by PetroChina 9/7/09)

Skyworth Digital - +1558% (no, that's not a type-o. 15 bagger)

Vitasoy Intl. - +70%

An equal weighting on 1/1/09 returned 412% for the year, not counting dividends. Anyone know how Mish's portfolio performed?

[89integra123456]

Kind of silly comparison.

Shedlock must be desperate for attention (clients)... thus think it is wise to attack Schiff. But as they say: Blowing out someone else's candle doesn't make yours burn any brighter. (it just makes you look unprofessional and desperate).

Give me any great invest strategy, and I'll give you a short term window which that strategy would've lost money.

Short term "deflation" in prices, maybe.

But your crazy if you don't see big inflation long term.

Schiff is right.

[KhmerD0g]

@JesusChrist5000

Yes, cycle of inflation and deflation repeating until one day confidence is gone and we will have hyperinflation. End game is a bitch when u get to live through it. LOL

[JesusChrist5000]

i'm wathcing this October 2011, and it seems the whole thing is repeating itself again. First a period of deflation, followed by inflation followed by a deflationary crash again. I am guessing it will be a repeat of 2008 - 6 months of deflation followed by 2 years of inflation??? But.. after each cycle, commodities bottoms are higher and higher.

[NoisemakerArrow]

Is Stacy washing the dishes during this video?

[oldickeastman]

Peter's recommendations underperform next to Mish's. But it is the call to buy gold and expect hyperinflation that is in question. Yet Rothschild is buying dollars with his gold sold to rubes who listen to Schiff -- selling at a high. Schiff, Celente, Beck, North, Rockewell and all "Austrians" are shills drumming up sales for the big man who wants dollars. Rothschild's Goldman Sachs etc trades securities for dollars, not gold (QE FOMC secur purchases). Rothschild expects deflation and so ..

[RandomUsername8236]

@angstotheclown You are sick. Hopefully since your name has clown in it this is some sort of joke. Corruption comes from all religions and races. Open your mind, you unevolved madman.

[mjlanglois2]

@trent2429 I remember looking up Mishs' companies portfolios and it wasnt so good. Google 'sitka pacific performance.' 2 portfolios *lost* money and one gained 17 percent.

Stubborn people dont make good investment advisors.

[ryanskapa]

@luvanicebum I think you want to spell "loosing" as "losing". Then, your sentence would make sense.

I'm as pro-Schiff as anybody, but during the crash of 2008, which Schiff predicted but couldn't avoid, Schiff's portfolio went down somewhere between 40%-50%. How did you manage to avoid that loss? Oh, you mean now, your portfolio has recovered to pre-2008 levels? If that is so, you did "lose" a dime, but, luckily, it found it's way back to you.

Also, there is no "God" so just thank your Peter.

[Luvanicebum]

@ryanskapa

I mistyped you nitpicking ninny.

[ryanskapa]

@Luvanicebum What does "loosing" a dime mean?