Peter Schiff Ridiculed in August 2006 when he Predicted the Recession of 2007

Remember this televised debate between Peter Schiff and Art Laffer on August 28, 2006?  Schiff correctly predicted the Great Recession, and he was soundly ridiculed by Laffer and the moderator on Kudlow & Company.  Pay attention to everything that Peter Schiff said.  It all came true in December 2007, for exactly the reasons that Schiff stated.  

See Also:

Peter Schiff Radio Show

Peter Schiff’s Official Blog