Rearview Mirror Fun

Please watch this entire clip, and then read the rest of this post. It's starts out kind of boring, but gets livelier.






For those of you not paying attention to the financial news, at least two of the companies recommended by the Pollyanna's have stock prices of zero.


My purpose in posting this video is not to pump up Schiff. At any given time there are thousands of Cassandra's running around screeching their own version of doomsday. A few are always bound to be right.


I sent this to a friend, and he had an insightful comment, which I want to underline. Hindsight is great, and can even provide a few rueful chuckles, as in this case. But what would have been our contemporaneous reaction? Would we have paid attention to Schiff? Would we have been swayed by the dismissive scorn of Schiff's critics?