> Peter Schiff was eventually right that a crash was coming

A permabear is no smarter than a permabull.

Although I am a libertarian, hold money in gold, and listen to Schiff consistently, I am reluctant to say he's right. I don't see where the industry bubble is and I'm not convinced the so-called dollar bubble exists or is even relevant. Unless I see negative growth in GDP in the next six months, I'm not giving any credit to Schiff. Even if there is a recession, there's no guarantee it will be worse than 2008. I am 90% sure it will be though, but it's still too early to say for certain.

I must also remind you that the DJIA fell by almost 600 points in one day back in August before rebounding. It's tough to tell with these kinds of things. We may just be headed towards a bear market, not necessarily a crash.