What If ….?

by Laura Ehrenberg-Chesler on August 26, 2010

in Credit Crisis,Debt,Investment Strategies,Residential Real Estate

A client recently sent me an interview with investment strategist Peter Schiff.   Mr. Schiff was right about the most recent debt cycle and correctly predicted the collapse of the housing market. 

He is currently very negative about the domestic market, and recommends buying gold and moving assets offshore.  Mr. Schiff believes we are heading down the path of socialism, and that government interference and borrowing will ultimately destroy our freedom and way of life in America.

While this is a remarkably gloomy outlook, and Mr. Schiff has a good reputation, the one potential positive he fails to address is:  What if there is meaningful regime change in November?

As a country we have made mistakes in the past, and corrected them.  The American people are smart.  They understand that deficit spending and government interference are bad for the prosperity of the country.  Let’s see what happens in the coming months.

Leave a Comment

Previous post:

Next post: