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<p>[QUOTE=&quot;mikem2000, post: 1790974, member: 30574&quot;]Yes, I already admitted that, but it is no great feat when you are a perma-bear. He was right then, and he will be right again as soon as we enter the next down cycle.&nbsp; As sure as the sun will come up tomorrow, the US will someday go into recession once again, and once again, Peter Schiff will be bragging about it how he called it 5 years ago, or 10 years ago, or whatever.</p><p>&nbsp;</p><p>Interesting enough, in one of his books (forgot which one), he tries to make the point that he is not the broken clock that is right twice a day, but that is exactly what he is.</p><p>&nbsp;</p><p>Just as a note, it is not just the perma-bears I have a problem with.&nbsp; It is also the perma- bulls.&nbsp; I never cared much for Abby Joseph Cohen either.&nbsp; She made a career out of being &quot;Abby the Bull&quot;.&nbsp; I mean if she always says that US Equities are a buy, How do you know?&nbsp; Not very helpful if you are looking make some cash.[/QUOTE]</p><p><br /></p>

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