So... is he saying that stocks a bargain right now? I wonder if there is any chance we get out of this crisis without war.George Soros said this week that we are heading for a crisis similar to 2008. I disagree with him to this extent. First, the 2008 crisis never ended. It just merged with political, social, and military processes and became part of them. Second, the economic crisis, while there may be one, is trivial compared to the conflicts within Europe and along the European-Russian borders. It is trivial compared to the chaos in the Middle East and the economic dysfunction in China. Ultimately, the 2008 crisis never ended. Indeed, it defines the new Eurasia, a place where most human beings live, where stability is increasingly hard to find.
I think he founded Stratfor, not Schwab. I'm not sure he cares.
Iknorite? Everybody's gotta pull a massive boner every now and then. Keep in mind - his contemporaries were equally looney.