What major event did Peter Schiff correctly forecast in 2007?
The 2008 mortgage crisis
The 2011 earthquake in Japan
The Great Recession
The US election.
Answer
The 2008 mortgage crisis, accurately predicted by Peter Schiff, was a major financial crisis that began in 2007 and developed into the most severe financial crisis since the Great Depression of the 1930s. It was triggered by a collapse in the housing market in the United States and ultimately caused the collapse of the investment bank Lehman Brothers on September 15, 2008.
Pondering Peter Schiff: The Ultimate Stock Broker Quiz
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