Who Predicted the Financial Crisis

Following the News of Financial Gurus Who Predicted the Financial Crisis

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

Med Yones, Financial Guru Who Predicted the Financial Crisis Warns of a Worst Case Scenario in a CEO Magazine Interview
There are several risks including, but not limited to:

• The devaluation of U.S. treasuries and other assets

• New waves of home foreclosures from variable rate mortgage loans that are set to reset in 2009 & 2010

• New waves of major consumer and business bankruptcies (especially for large industries) in 2009 and 2010

• State bankruptcies

• Double digit unemployment rate

• Wrong Financial policies (uncontrolled spending deficits and higher tax policies)

• The sharp devaluation of US dollar

• National political unrest

• Wrong foreign policies (increased instability and decreased global collaboration)

• Geopolitical and security risks

The combination of some of the counterproductive policies and bad news, can further damage the investors' confidence, thus sending the economy in downward spiral and resulting in another “great depression” . This would be the worst case scenario. Fortunately, the new administration does have the tools to mitigate those risks and it is not too late to implement the new needed Financial reforms.

Financial Guru Who Predicted the Crisis Warns of a New Financial Shock

The government policies are damaging the US financial future. The government bailed out General Motors (GM) and gave them $20B, a month later GM declared bankruptcy. GM assets with the $20B bailout are $82B and their debt is $172B, so their net equity is negative $90 Billion. Recently, the US government announced that they will invest an additional $30B to get 60% of GM, in other words they will pay $30 Billion to buy $54 Billion of debt. What investor in his right mind would pay money to buy liabilities? How does that help the economy, or tax payers’ money? From an economic stand point the decision is a big failure; The ABCs of finance teach us to divest our failing investment (cut our losses) and invest in the growing industries that generate revenues and create jobs. You do not invest in losing business to keep jobs, you let the bad business fail, and create jobs by investing the money in new competitive and sustainable industries. The government could re-allocate the lost auto manufacturing jobs to electric car productions, wind energy production and several other industries, at least the invested money will reduce the US energy bill going forward

Financial Guru Who Predicted the Financial Crisis is in Switzerland
The financial expert who predicted the 2008 financial crisis will be delivering new financial predictions for 2010-2015 to world’s wealthiest families at an exclusive family investment workshop on June 23 & 24 in Geneva, Switzerland

Financial Advisor Predicted the U.S. Financial Crisis

If the economy is going to recover, it will recover despite the politicians, and I mean both the Democrats and the Republicans. Bush started the bailout, and Obama is simply continuing it. I like his foreign policies and his social policies, but, economically, he's doing the same thing, and, in fact, he's doing worse. The biggest example is these bailouts that are going to executives who are flying their jets, bankrupting their companies and asking for bailouts that are paying their bonuses.

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

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Financial oracle sees the bottom of real estate decline in 2009

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