Who Predicted the Financial Crisis

Following the News of Financial Experts Who Predicted the Financial Crisis

What did they predict? and what are they predicting now?

Financial Expert who predicted the financial crisis warned of real estate bubble and subprime mortgage

The Real Estate Bubble and Subprime mortgage are important components of the current crisis. However, they are not the root cause of the crisis. The crisis resulted from a national culture of spending more than what the nation can produce. There are also other problems following the subprime loans, including other risky loans and inflated assets categories that we will experience in 2009. ARM and other variable loans are expected to reset in 2009/2010, thus resulting in more foreclosures and loan defaults. This will depress the Real Estate and financial markets even further. Adding to this challenge, there are other issues related to the health of the U.S. economy including the falling dollar value, budget and trade deficits, and the diminishing position of the global competitiveness of U.S. industries and that is the real American challenge for the next few decades

 

Med Yones, The Expert Who Predicted the Global Financial Crisis Shares his Views on Latvian Financial Crisis and Recovery

TV News Report on the US Financial Expert Who Predicted the Global Financial Crisis - His views on the  Latvian Financial Crisis

The Root Causes of the Financial Crisis

Med Yones, President of the International Institute of Management (IIM), also predicted the crisis in his policy paper: The Troubling U.S. Economy: Risks & Threats 2007-2017

Financial Guru Sees Recovery in 2010
Financial guru sees recovery in 2010

Financial Oracles Forecasts Decline bottom in 2009
Financial oracle sees the bottom of real estate decline in 2009

Financial Prophet News

Financial expert forecast recovery of residential real estate decline in 2011