Comment on Episode 776 of Peter Schiff's podcast
goldenballs@wolfballs.com 3 years ago
There are far better people to listen to than him, he's a jumping record.
Comment on Episode 776 of Peter Schiff's podcast
goldenballs@wolfballs.com 3 years ago
There are far better people to listen to than him, he's a jumping record.
sj_zero@lotide.fbxl.net 3 years ago
He's one voice to listen to among many, and if you want to know economics you need to listen to a bunch of people who have mutually exclusive views because the truth is going to be some combination of all the different mutually exclusive views.
His fundamentals of microeconomics are solid, but his conclusions lack a specific timeline so entire economic cycles pass and his model doesn't account for more than first order effects. The second order effects would be stuff like governments spending overwhelming amounts of debt to keep the first order effects from occurring and that working for a really long time, and central banks monetizing debt in extraordinary amounts.
goldenballs@wolfballs.com 3 years ago
I've moved on from listening to him, he is a jumping record, and lacks credibility. Too shouty, and selling his business too much. There are many more sophisticated voices out there.
Have you listened to people like Jeff Snider, David Hunter, Mike Green, Dr Daniel LaCalle, Alasdair MacLeod, Jeremy Grantham, Dr Lacy Hunt, Dr Richard Werner, even Dr Steve Keen. For entertainment, The Maverick of Wall Street is good fun. I think most of the above have different viewpoints.
sj_zero@lotide.fbxl.net 3 years ago
I've been liking Heresy Financial on youtube, and I've followed the Greater Fool blog at https://www.greaterfool.ca/ which covers a lot of market stuff and often he proposes moves I wouldn't have made on the financial side. It was his advice that got me 50k in tax-free equity in my home the moment I bought it and I refinanced my mortgage based on a rule he taught about on 10 year mortgages and based on projections I reviewed and agreed with regarding the motion of interest rates starting this year. I followed the freakonomics podcast for many years as well as planet money and apms marketplace. Haven't as much in recent years just because I'm drowning in content in general.
goldenballs@wolfballs.com 3 years ago
Joe Brown is good at explaining things, but he is not so good at predicting things. He is not suited to Palisades Radio -stlye structured interviews, he should double down on educational stuff. Substacks like macrocompass and maroonmacro are by people with real expertise, but not useful to everyone.