FREE Shipping on $10k+ orders - $25 below $10k

SchiffGold Logo
Post image
August 22, 2019Videos

Larry Kudlow Says Nobody Predicted the 2008 Crash; Peter Schiff Did — On Kudlow’s Own Show

Trump economic adviser Larry Kudlow said nobody saw the 2008 crash coming. Of course, Peter Schiff did. And he said so more than once on Larry’s own show.

When the 10-year/2-year Treasury yield curve inverted last week, the mainstream suddenly flipped its narrative. It went from touting the strength of the economy to talking about the possibility of a recession. Of course, Peter has been talking about the looming recession for months. Back in January, he called the recession a “done deal.”

But Kudlow insists the US economy is strong and “there’s no recession on the horizon.” During a recent Meet the Press interview Kudlow reiterated his theme, “Let’s not be afraid of some optimism.”

But Chuck Todd pressed the White House advisor, reminding Kudlow just how wrong he got it in the months leading up to the 2008 Financial Crisis. Todd read a Kudlow quote from December 7, 2007, to drive home the point.

There’s no recession coming. The pessimistas were wrong. It’s not going to happen. … The Bush boom is alive and well. It’s finishing up its sixth consecutive year with more to come.”

Kudlow pleaded guilty to being wrong on that forecast. But he said nobody saw it coming.

I don’t know that anybody saw that kind of crash.”

Kudlow’s memory must be getting hazy. Peter appeared on Kudlow’s show on several occasions dating back at least to June 2006, as this montage of video clips shows.

Get Peter Schiff’s key gold headlines in your inbox every week – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!