Peter is the man. Every time he turns up on the TV he wipes the floor with every other panel member. He is the voice of reason, good sense and financial prudence.
Here Peter predicted that the price of oil going to $150 a barrel. The logic was straightforward. One day, China will stop keeping their domestic currency low relative to the dollar. Once the Yuan appreciates, the dollar price of oil will fall, and then demand from Asia will shoot up. This increased demand for oil will push the price up towards $150 a barrel.
Go, Peter, Go.
Start at the top and work your way down.
Here is a short news clip about the recovery of the Japanese real estate market. Since it crashed in 1989, the Japanese market has been in more or less constant freefall. Given the unfolding disaster here in the US, it could take a similar length of time before we hear about a recovery here.
Here is a tribute to that much misunderstood financial genius - Charles Ponzi.