A couple of years ago, a guy named Peter Schiff started making the rounds to various financial news programs with a message that seemed laughable at the time: the economy is in trouble. He predicted that problems with the housing market that would soon spread to the larger credit markets, and he decried the lack of saving by the American people. Two years later, it turns out that he was exactly right. The part of this story that is the most incredible to me was the reaction that Schiff’s fellow analysts had to his predictions. Responses ranged from disbelief to downright condescention. So next time someone runs you down when you know you’re right, remember this guy.

Found via Starpointe Marketing