February 08, 2008

Here's Mike Norman, the "Economic Contrarian" and Peter Schiff's poodle, writing in 2004 on how the Euro was going to lose value to the dollar. OOPS!!



Seriously, if there's one person out there, just one, who listens to anything Mike Norman says and follows it, or god forbid pays for his advice, LET THIS BE YOUR WARNING - MIKE NORMAN IS THE TOWN IDIOT. PROBABLY THE MOST DISCREDITED "FINANCIAL ANALYST" IN AMERICA TODAY.

MIKE NORMAN IS A FOOL, A HACK, AN IDIOT AND A CONMAN (in my first-amendment-protected personal opinion). Here's the latest Schiff smack-down of Norman and his curly haired realtor fool buddy Tom Adkins on Fox News too.

Mike Norman doesn't understand basic Econ 101 folks. He IS a contrarian though - whatever he says will happen, the EXACT opposite thing happens. If you invest with Norman, you're screwed.


Here you go HP'ers. Enjoy the laugh. And thanks Eric for the link. Feel free to contact Norman here, just to rub it in.

September 16, 2004
Rise in the Euro Over
by Mike Norman

You should start shorting the euro--aggressively--on any rallies now. It is going a lot lower.

With the Stability Pact now (de-facto) dead, the euro will begin a long-term decline. THIS IS A MAJOR TRADE!!!



29 comments:

Malcolm said...

You live outside the US.

Your First Amendment rights only apply when you're in the US.

Given the history of europe, I think the only right you have is to find yourself stuffed in a trunk somewhere.

Watch yourself. You know how rough those economists play :)

Anonymous said...

Well he is the perfect contrarian indicator!

eric in vegas said...

Thanks for posting the link! Mike Norman is a dope that lets personal feelings get in the way of his financial "advice". He also hates gold because he got scared back in 2001/2002 and sold it all. Now that it's gone to the moon and he didn't have the stones to get back in the gold game he trashes it while it continues to soar.

Anonymous said...

He is a moron

Anonymous said...

I hear alot of idiots saying that gold has no value. Since the beginning of civilization, gold has had great value in all nations and cultures. It is the fiat currency that ALWAYS ends up with no value, from the DeutscheMark, to the Real, to the Z$. When the USSR collapsed, gold held its value while the Ruble collapsed.

BubbleGirl said...

That was sooooooooo painful to watch. I mean it's like watching frat boys with the cute little cheerleader by their side (who is that chick?) trying to make fun of the geek boy (Peter Schiff) but in the end we know how that movied ends. Fox News is a fucking disgrace and I swear the day that channel gets what it deserves, is the day I will find some justice in this world...

Anonymous said...

Maybe it's just me but Tom Adkins appears to be the second smartest person on that panel? That is frightening.

The Ace said...

Mr. Norman,

I recently watched a 2006 U-Tube video wherein you predicted that home prices would continue to appreciate in 2007 at an annual rate of around 10%. Because your prediction was so far off the mark (20%) being that home prices have decreased 10% nation wide in 2007 and much more in many areas I was intrigued to see if you had made any other idiotic predictions.

Sure enough, in 2004 you predicated that the Euro would fall precipitously against the Dollar in the next few years when in fact it is the dollar that has fallen dramatically against the Euro to the point that even the Peso has more credibility in world commerce.

Prey tell what other financial words of wisdom do you have for us in 2009 you imbecile.

The Ace.

Anonymous said...

If you've seen the past few Peter Schiff interviews on Fox, Cavuto has been almost apologetic.

Anonymous said...

Mike Norman said...You should start shorting the euro
then Anonymous said...
He is a moron
February 08, 2008 9:53 PM
------------------------

Its sad, but a lot of the idiot euro haters on this blog think like Mike Norman. All they can say is "Europe is a mess" "Dollar better than Euro" or the old tired "Europe is Muslim" cliche.

Get with the program, Idiots! America is a has been. Which makes supporters of America delusional! Whatever problems they have in Europe, multiply that by tenfold for the US!

Start off with the Euro Dollar war. Its a joke! The dollar's a joke and anyone who backs dollars is a clown.

What about savings. Americans for the first time have NEGATIVE savings. unbelievable. They are mired in debt and have no way to get out of it cause they've bought more than they can chew on. That is NOT, I repeat NOT, the problem in Europe. Europeans actually, and it may come as a surprise to some of the duchebags on this blog, but Europeans aren't as materialistic as Americans are and hence, dont have anywhere near the debt Americans have. (so much for the old chiche that Americans are more religious than Europeans- ya right- they are more religious in so far as Americans worship the consumption of crap from China!)

And, oh yes, Europe is Muslim. We are less Muslim than you are Mexican. So shut up, start producing real goods, stop buying every piece of crap from China, protect your borders, start reproducing instead of importing illegals from south of the border, and for once, get educated! (but not in your pathetic public schools)!

Anonymous said...

Mike Norman is far from a Financial Analyst. It seems that he makes a living as a shill for Faux News and the Wall Street a$$holes. Just like his pal Geico Caveman Adkins.

Mike Norman and Adkins are two major douchebags.

Paul E. Math said...

Schiff must get a lot of clients from doing these Fox panel 'discussions'. Otherwise, why subject yourself to that stupidity?

I'll tell you one thing though, Schiff is looking more and more relaxed each time he's on because he is more and more obviously right. Mike Moron and Cpt. Hairdo barely have 2 brain-cells to rub together between the 2 of them.

Kill Norman! said...

Mike Norman needs to be shot in the head at clos range with a hollow point 45 to put us out of his misery. The REMAX punk and quaalude chick discredit all that is holy on earth. I seriously need to vomit after listening to that segment. Read "Crash Proof" NOW if you haven't already. Turn off your electronic heroin aka TV! Read a book! Don't be a stupid Normanite standing in a bread line when hell breaks loose!

Anonymous said...

But of Mike Norman is the contrarian, if he says to go long, shouldn't we go short?

Anonymous said...

I think Mike Norman is DOPES!!

Anonymous said...

Peter Schiff has had a good run. He was correct about housing and the US economy.
However-
His decoupling thesis is wrong and is going to get his clients killed. Asia and developing markets are going to go down even the segments he wishes to invest in.

Mike Norman is a dope no doubt.

As far as Gold goes go ahead and invest in a metal during a deflationary commodity collapse.
Let me know how that works out.

Anonymous said...

I went through the google news archives and dug up another jewel of his.
http://www.fool.com/personal-finance/retirement/2006/07/03/forget-the-alarmism.aspx

Anonymous said...

Is that stuttering John?

Anonymous said...

well he was right, THIS IS A MAJOR TRADE, since anyone who made it went bankrupt

satan is a republican said...

Hey anon 6:22 am,

I bought it at $325/ounce. I've got a long way in this 'deflationary collapse' to go to breakeven. And gold stocks really sucked during the 1930's. Obviously, history isn't your strong suit. But you're right. Buy toilet paper currency that's being inflated away in front of your eyes. Definitely a plan to survive. Duh. Do us all a favor and follow your own retarded advice.

Anonymous said...

I hate to say this, but I actually have(and now had) an acct with Mike Norman, and I must say that my acct was DOWN more than -17% for 2007. Its embarrassing to say, but now Ive opened my acct with Peter Schiff. Hopefully he can recoup my losses, and hope I wont make the same mistake again in choosing a financial advisor.

Mike Norman, you have caused much financial damage based on your stupidity. I expect more acct tranfers from your firm.

MY PREDCIDTION FOR 2008: Mike Norman will be unemployed/bankrupt by the end of 2008.

Anonymous said...

Peter Schiff has had a good run. He was correct about housing and the US economy.
However-
His decoupling thesis is wrong and is going to get his clients killed. Asia and developing markets are going to go down even the segments he wishes to invest in.


It's a little too early to say that his decoupling thesis is wrong. He never said it would happen overnight and people seem to think that because the asian and euro markets have been suffering as much as the us market lately that is somehow proof that asia will not decouple. It is inevitable in the long run that asia will decouple from the US - will they suffer in the short term - absolutely but that doesn't mean his thesis is wrong.

The US is all spent up and in debt up to it's eyeballs. Asia has no other choice but to decouple.

SeattleMoose said...

Just more proof that the inmates are running the asylum.

Anonymous said...

what a freaky picture

Anonymous said...

Anonymous said...

I hear alot of idiots saying that gold has no value.

----

Someone who writes alot has no business calling anyone else an idiot.

Frank@Scottsdale-Sucks.com said...

Is this guy related to Mozilo? They both look like they have "shyster" in their blood.

Anonymous said...

Schiff goes on Fox because he's a republicn

Anonymous said...

He was 4 years too early. The euro has formed a triple top and will start to move to the downside in a long term pattern. Hey, I also thought the housing BS would have turned south in 05, it just took a few more years than I thought.

smitty said...

Normanite, an investor who is willing to lose boatloads of money in order to stick to the
GOP talking points.