2006-07: Pundits scoffing at predictions of economic meltdown

[kevyn]

This is video quite amusing to watch:

Peter Shiff is apparently someone to pay attention to on economic matters, because he got it right. He appears to be a real analyst, not a cheerleader, unlike so many of the talking heads on TV.

Ben Stein comes off looking particularly bad in hindsight, especially when he goes all bullish on Merrill Lynch. And Charles Payne's prediction that WaMu will be the stock to have in 2008 is a real laugh.

( Ganked from BoingBoing )

Comments

[snousle.livejournal.com]

I don't mind I told you sos, but I get a little pissy when they are undeserved. Actually I was Mr. Crankypants yesterday and was feeling pissy about quite a lot of things. So ignore it please. ;-)

These TV guys drive me stark raving mad, though. I have a friend nearby who has had a "houseguest" for six months that fancies that he's going to become stock trader. He sits in front of the television ALL DAY watching the finance channel and fiddling with his notebook. I guess it's a really good thing he hasn't actually done anything about this ambition because he would have lost whatever money he had in short order. But having to listen to that channel for even an hour was hell!!!

[kevynjacobs.livejournal.com]

> Actually I was Mr. Crankypants yesterday and was feeling pissy about quite a lot of things. So ignore it please. ;-)

NP. "Mr. Crankypants?" I like that.