on CNBC Peter Schiff predicted our economic woes back in 2006 and even talked of the mortgage meltdown. Again he talked in December 2006 on Fox News. On each show other guests, who were experts, disagreed with him, argued with him, and one even made a bet with him! Peter, I hope you collected on your bet.
Ben Stein, you remember him (he's on lots of commercials) said that the sub-prime mortgage issue was only a "tiny" problem. Peter Schiff fired back saying that "this will be an enormous credit crunch." The others continued to argue.
Guess who was right? If you can't see the video below click here: http://www.youtube.com/watch?v=2I0QN-FYkpw
Thursday
CNBC in 2006 - No One Believed
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