Peter Schiff to Dennis Kneale: "The Good News Is That Your Record Of Inaccurate Forecasting Looks To Be Safe" (Clip)

Click Photo to See VideoThe other decent lines from Schiff:

"There's so much talk of green shoots on CNBC, I feel like I'm watching the gardening channel."

"Our economy suffered because we borrowed and spent too much money.  And now we're trying to fix it by borrowing and spending a bunch more money."

This clip is on the longer side (11:28) and the discussion centers around whether the recession is over as Kneale has declared.  Former Fed Governor Robert McTeer is a solo guest starting at the 3-minute mark.  Peter Schiff comments begin at the 7:45 mark.  It's worth watching, especially Shiff, and the beginning where Kneale lays out his extremely weak bullish case.

Kneale has become the purest example of blatant market cheerleading I have ever seen on CNBC.

Comments

[Harry]

As I said on another site, Mr. Kneale's credentials are what?? Oh, that's right, he has a Bachelors Degree in Journalism. What a fool!

[mtd]

Where did CNBC find this guy? He is drinking way too much of the Obama Kool Aid
"We need a little more of the Hair of the Dog that Bit You"
The elections in 2010 cannot come soon enough!!!