Who Predicted the
Economic Crisis
Following the News of Economic Prophets
Who Predicted the Economic Crisis
The economic crisis hit the US in September of 2008
with the collapse of Lehman Brothers, followed by an
economic crisis driven by a series of bankruptcies and
layoffs in the real estate, insurance, auto
manufacturing, and other industries. The signs of the
financial trouble began to unveil a few months before
September 2008. However some experts saw the signs years
ahead of the crisis. They warned the government and the
public about the crisis in their writings and press
releases. Unfortunately the top economists and US policy
makers chose to ignore these warnings. The following is
a list of what these experts predicted and what they are
predicting now. In this series we will focus on Med
Yones, the president of International Institute of
Management - A US based strategy think tank and
education institute.
Med Yones Warning Reuters Interview - March 2007
Warning about the US Real Estate Bubble, Subprime
Mortgage, Loan Defaults, Bankruptcies, and Loss of
Confidence in the US Economy
Policy White Paper: US Economic Risks 2007-2017
Challenging the US President's State of the Union
Address (Jan 2007), Federal Reserve Chairman and top
economists. The US Economy is heading to a major crisis.
Economic Prophet Who Predicted the Economic Crisis Says
Economic Decline is Slowing Down
Official numbers show that the economic decline is
slowing down and consumer confidence is increasing.
Experts Who Predicted the Economic Crisis says Recovery
2010/2011 for different industries
Most analysts tend to underestimate or overestimate
the growth and decline cycles. Our analysis indicates
that 2009 will have mixed results for different
industries, the hardest hits will be in the financial,
real estate, auto, retail, construction, furniture,
airlines, advertising, and disposable income industries
(tourism, gaming, hospitality, and travel). The
relatively unaffected or growth industries are the
export industries, food, alternative energy, education,
new technologies, and healthcare. The general economic
decline cycle will bottom in 2009 and we could see
stability sometime late 2009 or early 2010, then we will
be back to modest recovery in late 2010 or early 2011.
However, the real estate, construction and financial
industries will bottom in 2010, the recovery could start
in 2011
Economic Prophet Who Predicted the Economic Crisis Says
US unlikely to suffer from a similar crisis to the one
we saw in Argentina
Our data shows that the real production economy is
getting worse. The same mindset of borrowing and
spending more than we can afford, that led to financial
system collapse will risk the collapse of the US
economy. Global investors may not want to bail us this
time. The other alternative to the sharp decline is to
suffer from several decades of stagflation with
intermittent periods of declines and growths. However
the real economic growth will be negative due to the
decline in the dollar value and inflation. It is not
unlikely for the US to suffer from a similar crisis to
the one we saw in Argentina 10 years ago or the one
unfolding now in Latvia.
Economic Guru 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
Economic Prophet Who Predicted the Economic Crisis Says
The only way out of this crisis is through the emergency
of a new industry The only way out of this crisis is through the
emergency of a new legitimate industry, such as
alternative energy, nanotechnology or biotech, which
will generate enough tax revenues to pay the debt and
attract more capital. The auto industry led the recovery
after World War II; the IT industry led the recovery
from the Seventies’ financial crisis. Unfortunately the
government is doing too little in that area
Economic Prophet Who Predicted the Economic Crisis Says
The U.S. economy got here due high debt and low
production
The U.S. economy got here due to spending money we do
not have and not producing enough to pay back the
credit. It’s like luxury-living on credit cards, at some
point the lenders want their money back. Not to forget
that in a new open global economy, the U.S. does not
have a competitive monopoly on knowledge, technology,
manufacturing, or marketing anymore. Therefore, the
growth rate of US production (cars, airplanes,
electronics, IT …) is not keeping up with the growth
rate of the debt
Economic Prophet Who Predicted the Economic Crisis Says
A deeper look into the economy reveals that the
painted rosy picture is based on selective facts instead
of a neutral assessment of all relevant numbers and
economic trends
Credit Card Nation - Should the Government Get Credit
Counseling?
The U.S. Government paid $406 billion in interest last
year, $61 billion on Education, $56 billion on
Transportation.
Economic Prophet Warns of Economic Crisis
U.S. Government does not commit to reducing federal
budget deficits, at some point in time foreign banks
could panic and rush to dump their dollars to be the
first out of a sinking currency, thus making the
economic crisis far worse and recovery more difficult.
China has already signaled its intention to decouple the
currencies, which will lead to the loss of trillions of
dollars in U.S. Treasury value. In order to minimize
that loss, the Chinese will have to sell off some of
their U.S. holdings. The real danger is how much and how
fast China will do so. If they decide to do it quickly,
they will prompt huge panic by other lending countries.
Investors will have to copy China moves, resulting in a
disaster to the dollar value, interest rate, stock
market, homeowners and the U.S. economy as a whole.
The Economic Expert
News Update: - Economic Crisis & Recovery Predictions They also argue for strict oversight of any recovery
plan, oversight is critical to the success of the
implementation of any stimulus program, “The effective
and efficient program execution is necessary to avoid
waste, fraud, and the abuse of loopholes to divert these
funds to special interest programs. If the objective of
President-elect Obama is to lead the economic recovery
through the middle class, the job creation initiative
through small business and innovation development, would
be hitting 3 birds with one stone (sustainable job
creation, middle class support, and increasing US
businesses competitiveness through innovation
development
The Economic Guru
Newsletter: Issue Economic Crisis & Recovery Forecast 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
The Economic Oracle
Newsletter: Economic Crisis & Recovery Outlook In
the next few years, American tax payers and national and
global investors will have to pay the price either by
raising their taxes, defaulting on national debt,
declining US dollar value and/or a hyperinflation tax.
European, Latin and Asian economies that follow similar
US policies and do not decouple from the dollar will
suffer the same fate This newsletter is provided
courtesy
The Executive Times
Newsletter:
Who Predicted the Financial Crisis
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