Now Who's Laughing?

Via the LRC blog I found this great clip from December 2006, when former (future at the time of the broadcast) Ron Paul economic advisor Peter Schiff debated a bunch of clowns bullish on the U.S. housing market. The arrogance of the bulls is unbelievable as they literally laugh at Schiff when he predicted that there would be a downturn in the U.S. housing sector. They should really invite them back to the show now, and ask them just how laughable they now think Peter Schiff's prediction in December 2006 of a downturn in the U.S. housing market really is. Somehow, I think they will not want to attend.....