Peter Schiff: While his comment on youtube is fundamental and basic economic cycle, what he does not mention is the core reasons for the phenomenon. Obviously, he does not care about U.S. except he is making money, like Cramer.
The core U.S. financial problems are : Exporting jobs, overspending, and excessive imports.
Apocalypse Bear and several other bear types which Schiff is falling into.
http://www.youtube.com/watch?v=4n3g5lUgkWk
http://www.safehaven.com/archive-162.htm
http://www.wallstreetfollies.com/beartypes.htm
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