January 26, 2009

Peter Schiff was Right^H^H^H^H^HWrong

Savage takedown of Peter Schiff by Mish this weekend. The gist: While the celebrated Schiff made a good call on real estate and on the U.S. market crash, he failed clients in that he didn’t adequately protect their assets because...

Readings 01/26/09

China worries about Treasury purchases are too early (Foreign Policy) Chapter 7 liquidation wave ahead as bankrupt companies can't obtain DiP financing (FT Alphaville) Rail traffic slides during 2nd week of 2009 (Association of American Railroads) Sovereign credit losers...