Peter Schiff, now running for the Senate, was absolutely right about the housing market long before anyone else most of the mainstream press and analysts (see comment below). It is fascinating watching this and seeing the scorn, ridicule, and condescension that others lay upon him. He sticks to his guns and is unwavering in his opinions.
Also includes these gems from his crictics:
Arthur Laffer makes and loses a bet (see him brushing off the bet here)
Ben Stein (buy Merrill Lynch at $76, ‘they are giving it away’)
Charles Payne (Bear Stearns is cheap but risky)
Tracy Byrnes (buy Goldman Sachs at $175).
hattip John Cervarich