Who Predicted the
Economic Crisis
Following the News of Economic
Gurus
Who Predicted the Economic Crisis
What did they predict? and what are they predicting
now?
Economic Guru who predicted the economic crisis
Economic Guru, Med Yones, Says Bad Bank is a Bad Idea The Bad
Bank is a bad idea. Although, the stock
market will rally and the credit will start flowing
again, we have to be aware that it is only a
psychological trick. It is like making the rabbit
disappear with a magic trick (but it is only hidden out
of sight). The saying you could fool most of the people
for some of the time is true here. This is not a real
solution to the crisis; it is only a transfer of the bad
assets from the banks to the government and the tax
payers. We all have to pay the price later. Obama's
Administration or the next Administration will have to
pay the price for the worthless Bad Bank assets, out of
control budget deficits, bad dollar value, and even a
worse economy
Economic Gurus, Med Yones, Forecasts Another Economic
Crisis in 2015 The exact timing, the depth, and
the speed of the economic decline and recovery depend on
government intervention policies, but there is not much
more room remaining. The hole they dug themselves into
is already deep. Global market forces are stronger than
they think. At best they can delay the crisis but they
have to pay an even higher price later. How will they
pay it? This is subject to the politicians’ decision:
Either sharp/quick decline and quick recovery; or
soft/slow decline and slow recovery that could take
decades. Someone has to pay for the debt, the Americans
or the foreign investors or both
Economic Guru Warns of a New Economic Shock In the
short-term (1-2 years): The decline cycle will bottom in
2009 and we will see a modest recovery in 2010; however
the recovery will not be permanent, neither will it
happen in a straight-line for every quarter. In the
medium term (2-3 years): We will experience stop and go
economic activities and stagflation of higher inflation
and no real economic growth (growth will be driven by
government debt-spending). In the longer term (3-5
years): We will experience another economic crisis that
will affect the economies with high debt to GDP ratios
such as USA, Italy and Japan
Economic Gurus forecasts for 2009 - CEO Magazine
Interview
2009 will see more economic decline,
financial market volatility, and financial shocks and
losses. This is caused by the economic cycle correction,
speculative and short-term investing, and the global
ripple effect.
Jobs will be lost at a rapid pace.
Businesses and consumers will reduce their spending. The
inventory of homes will rise and the prices of real
estate and stocks will fall further. The damage to
collective psyche of the investors, consumers and
businesses will be significant and the economy will
take time to recover. This vicious downward cycle
requires painful socioeconomic actions in order to make
the necessary corrections.
Obama’s fiscal stimulus package, bailout
and other economic policies can soften the fall, but are
unlikely to reverse it anytime soon. We expect to see
the bottom fall out around late 2009 or early 2010
Economic Guru Says Latvia will not recover in 2011
The Economic Guru who predicted the economic crisis
shares his views with Daily Business Newspaper on Latvia
economic crisis and forecast recovery in 2011
Economic Prophet Sees
Recovery in 2010
Economic guru sees recovery in 2010
Economic Oracles News
Economic oracle sees the bottom of real estate decline
in 2009 Economic
Experts News Economic expert forecast recovery of
residential real estate decline in 2011
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