Lucille
08-10-2010, 10:54 AM
pschiff
John, like many reporters you try to discredit the accuracy of my economic forecasts by falsely claiming that I have been inaccurately predicting recessions for ten years and finally got lucky. The implication is that I am merely a stopped clock. This assertion is demonstrably false. I have not been inaccurately prediction recessions. I accurately forecast the 2001 recession before it happened. However that recession was shallower then I had expected due to what at that time was unprecedented monetary stimulus supply by the Fed. It was that very stimulus that in 2002 caused me to begin warning about the far more severe recession that this stimulus would ultimately produce.
However, I never placed a date on when that more severe recession would begin until 2006, when I correctly predicted that it would start in either 2007 or 2008. It officially started December 2007. From 2002 until 2006, I correctly warned that the “recovery” then taking place was phony. That it was a bubble that would eventually burst. During that time period I actually described the factors inflating the bubble, and the dire economic consequence that would result once it finally burst. I believe that my forecast of the events that occurred between 2002 and the present are more accurate then those of any other economist. The evidence is there – it is irrefutable. All you need to do is take the time to do your research.
Read more: http://dailycaller.com/2010/08/10/tea-party-candidate-who-never-caught-on-blames-linda-mcmahons-deep-pockets/#ixzz0wDrylytP
Whatever happens today, Peter is still a winner! If he loses the nom, he can run against LIEberman, or run for House, or be a part of the Paul Administration!
Never give up.
John, like many reporters you try to discredit the accuracy of my economic forecasts by falsely claiming that I have been inaccurately predicting recessions for ten years and finally got lucky. The implication is that I am merely a stopped clock. This assertion is demonstrably false. I have not been inaccurately prediction recessions. I accurately forecast the 2001 recession before it happened. However that recession was shallower then I had expected due to what at that time was unprecedented monetary stimulus supply by the Fed. It was that very stimulus that in 2002 caused me to begin warning about the far more severe recession that this stimulus would ultimately produce.
However, I never placed a date on when that more severe recession would begin until 2006, when I correctly predicted that it would start in either 2007 or 2008. It officially started December 2007. From 2002 until 2006, I correctly warned that the “recovery” then taking place was phony. That it was a bubble that would eventually burst. During that time period I actually described the factors inflating the bubble, and the dire economic consequence that would result once it finally burst. I believe that my forecast of the events that occurred between 2002 and the present are more accurate then those of any other economist. The evidence is there – it is irrefutable. All you need to do is take the time to do your research.
Read more: http://dailycaller.com/2010/08/10/tea-party-candidate-who-never-caught-on-blames-linda-mcmahons-deep-pockets/#ixzz0wDrylytP
Whatever happens today, Peter is still a winner! If he loses the nom, he can run against LIEberman, or run for House, or be a part of the Paul Administration!
Never give up.