Harry Schultz Letter

[jpatter666]

Anyone have any opinions on this guy? I admit I've nothing to go on other than a feeling, but that feeling says something really ugly is brewing....

http://www.marketwatch.com/story/sch...ture-of-future

[LargoWinch]

Re: Harry Schultz Letter

Anyone have any opinions on this guy? I admit I've nothing to go on other than a feeling, but that feeling says something really ugly is brewing....

http://www.marketwatch.com/story/sch...ture-of-future

sorry jpatter666, but I find the article hard to follow.

So, we may have deflation, we may have a V recovery, we may have rallies, we may see a W patern, they may confiscate our gold, buy gold at a tune of 35%/45%, stocks may tank short-term...

Geez, I think we've eliminated all possibilities haven't we?

[jpatter666]

Re: Harry Schultz Letter

I was interested in his rather high percentage chance of a currency event and this rumor that overseas embassies are stockpiling local currency.

[makimanos]

Re: Harry Schultz Letter

I was interested in his rather high percentage chance of a currency event and this rumor that overseas embassies are stockpiling local currency.

Rimors. Who knows? UBS is clear and 134 Billion $ confiscated on the
Italian borders. It easy to spread rumors. Who is he? It looks that media are not reliable any more. Cramer and Nadler. The sytem is too powerful.

[rabot10]

Re: Harry Schultz Letter

I subscribed to his news letter for several years, seems like a very informed individual. Not really sure what to make of his latest call.

http://www.hsletter.com/

[Southernguy]

Re: Harry Schultz Letter

Should be possible to confirm-discard.....
Which embassies?

"Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of U.S. cash to purchase currencies from those governments, quietly. But not pound sterling. Inside the State Dept., there is a sense of sadness and foreboding that 'something' is about to happen ... within 180 days, but could be 120-150 days."

[audrey_girl]

Re: Harry Schultz Letter

this is so not good

[Mega]

Re: Harry Schultz Letter

Depends how you look at it.
;)
Mike

[solotar]

Re: Harry Schultz Letter

I used to work at a U.S. Embassy and I can tell you the "rumors" about U.S. embassies being asked to buy lots of local currency "quietly" are crap. The people who manage cash flow at these embassies are U.S. Department of State bureaucrats, not secretive hedge fund managers, and you couldn't get them to keep a decent secret if either (A) you had one, or (B) you wanted them to. People who link rumors of this nature are of course forever of the belief that someone else is engaged in a conspiracy, and they have several "clues" that support their case. Take it from me: the dollar may well collapse, but the State Department knows nothing of it!

[sishya]

Re: Harry Schultz Letter

I used to work at a U.S. Embassy and I can tell you the "rumors" about U.S. embassies being asked to buy lots of local currency "quietly" are crap. The people who manage cash flow at these embassies are U.S. Department of State bureaucrats, not secretive hedge fund managers, and you couldn't get them to keep a decent secret if either (A) you had one, or (B) you wanted them to. People who link rumors of this nature are of course forever of the belief that someone else is engaged in a conspiracy, and they have several "clues" that support their case. Take it from me: the dollar may well collapse, but the State Department knows nothing of it!

Thank you. Real Ground Info better than rumours.

[Retired Commish]

Re: Harry Schultz Letter

HS used to advertise himself as the world's most expensive advisor: $2500 per/hr. Note his 5 yr. return is 9.19% annualized. Gold in the same time has returned about 17% plus. I actually didn't see anything in Brimlow's article that I haven't read elsewhere...for free, no less.

[ThePythonicCow]

Re: Harry Schultz Letter

Jesse's Café Américain also gives mention to this Harry Schultz article, at Latest Schultz Shock: a 'bank holiday'. He too expresses skepticism, though apparently thinks well enough of Schultz to grant him a reference.

[stanley2008]

Re: Harry Schultz Letter

http://en.wikipedia.org/wiki/Confirmation_bias

[ThePythonicCow]

Re: Harry Schultz Letter

http://en.wikipedia.org/wiki/Confirmation_bias

Which aspect of the above discussion evidences "confirmation bias" in your view?

I can think of multiple such aspects, some of which I would be inclined to agree with, and some not. I hesitate to guess which you have in mind.

[metalman]

Re: Harry Schultz Letter

I used to work at a U.S. Embassy and I can tell you the "rumors" about U.S. embassies being asked to buy lots of local currency "quietly" are crap. The people who manage cash flow at these embassies are U.S. Department of State bureaucrats, not secretive hedge fund managers, and you couldn't get them to keep a decent secret if either (A) you had one, or (B) you wanted them to. People who link rumors of this nature are of course forever of the belief that someone else is engaged in a conspiracy, and they have several "clues" that support their case. Take it from me: the dollar may well collapse, but the State Department knows nothing of it!

thanks. makes sense, and i believe you.