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Predictions through 3/8/08

By on March 9, 2008

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Ken Fisher is still in denial regarding the oncoming train that is the U. S. (soon to be world) recession. This is the biggest debt crisis in our lifetimes, yet he calls it a “false alarm.”

 
Robert Kiyosaki of “Rich Dad, Poor Dad” fame is bearish on the prospects for the economy and the stock market, but very bullish on silver. However, it should be disclosed that silver is up over 50% the last 6 months and is basically a momentum play at this point. If the economy weakens considerably, commodities will not be a good place to be.

Peter Schiff, who has made some very accurate predictions over the last couple of years, says it’s a good time to pick up some shares in New Zealand Telecom (NZT). The stock of NZT has dropped about 30% since July 2007 so it is definitely a contrarian play.

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