money.cnn.com— 'Dr. Doom' became a star by predicting last year's market meltdown. And now his 2009 forecast is even scarier.
Jan 23, 2009View in Crawl 4
"[Schiff] sees a multiyear recession ahead marked by rampant inflation, a steadily weakening dollar, soaring commodities prices, slumping U.S. stock indexes, and falling wages."Uh oh... so don't save because rampant inflation will eat it up. Whats the alternative? Stock up on ammunition and freeze dried food???Seriously, how bad might things reasonably be expected to get, and what can the average person do to mitigate the effects?
radu79Jan 23, 2009
I would like to see him as a candidate for presidency in 2012. I think he is one of the very few people who actually understand how the economy works.
Closed AccountJan 23, 2009
"[Schiff] sees a multiyear recession ahead marked by rampant inflation, a steadily weakening dollar, soaring commodities prices, slumping U.S. stock indexes, and falling wages."Uh oh... so don't save because rampant inflation will eat it up. Whats the alternative? Stock up on ammunition and freeze dried food???Seriously, how bad might things reasonably be expected to get, and what can the average person do to mitigate the effects?