Many years ago I attended a business seminar in which a professor reported on his research into failed and failing businesses. He had interviewed dozens of top executives whose companies had fallen prey to competitors -- often new startups no one ever heard of a few years before. All of these executives used different words to say the same thing, "I didn't see it coming."
How could this happen? These men (back then they were all men) had large staffs of the best minds they could hire advising them. But in each case, nobody wanted to be the one to say, "Hey boss, I think the party's over."
That in mind, take a moment to watch this compilation of video which shows the pundits trying to shout down Peter Schiff as he predicts the economic crisis.
They didn't see it coming, and we didn't see it coming either. Who, among the many competing voices today, sees it coming? Is it the loudest voices? Is it the most experienced? Is it the ones who colorfully put down others?
One thing I notice about Schiff is how he speaks: he asserts his opinion clearly, and the backs it up with observations that any of those who disagreed with him could have made, but chose to ignore or dismiss.
