I (along with many of you I'm sure) have been listening to Peter Schiff's podcast since his predictions from 2004-2006 have materialized, and his outlook on the future of the US economy is very bleak. http://europac.net

Duh, no one knows exactly what will happen or how, but I do believe it is foolish to write off these 'bleak' predictions from analysts who have proven their credibility and can back up their predictions with logic and reason.

Plus, this article is self-defeating is it not? If we are supposed to ignore these 'bleak' predictions because of how innacurate predictions have been in the past, shouldn't we ignore the optimistic predictions like this one, too?

EDIT: I don't endorse everything Schiff says.