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Housing Crisis Predicted in 2006, Fox Talking Heads Laugh

1 decade 2 years 10 months 1 week ago

Peter Schiff appeared on Fox News Bulls and Bears on December 16, 2006, and warned about the future of the economy. Playing fast and loose with money and endlessly borrowing would come back to haunt us, he said.

He was overwhelmingly laughed at for his assertions. Our housing market is great!, they proclaimed, fighting through fits of giggling.

I would ask the clichéd question, Whos laughing now?, but the sad fact is that no one is laughing about the economy anymore.
-Top YT comment

3 Comments

Issykitty

says...

Faux News at its best. Even assholes like Schiff are correct sometimes. Who knew.

bobknight33

says...

Peter Schiff is right more often than not... I sure the "other" networks were just as wrong.
>> ^Issykitty:

Faux News at its best. Even assholes like Schiff are correct sometimes. Who knew.