Who Predicted the
Financial Crisis
Following the News of Financial Prophets
Who Predicted the Financial Crisis
In this series we will follow the news, predictions
and statements of the experts who predicted the economic
and financial crisis. What did they predict then and
what are they predicting now?
In this issue, we will follow the statements of Med
Yones, from the International Institute of Management.
Yones is the world renowned expert who predicted the
financial crisis in June 2006 in a policy white paper,
titled “US economy risks and strategies 2007-2017”.
In Jan 2007, through a series of press releases and
media statements, he challenged the US Presidents' State
of the Union Address, the Federal Reserve Chairman, and
the top economists at that time. In an interview with
Reuters on March, 2007 he warned about the subprime
mortgage, financial bankruptcies, and the loss of
confidence in the US economy. In September of 2008 all
of his predictions came true.
When is the bottom of the decline, when is the recovery,
how long will it take, how will it look? These are some
of the questions that we will try to find answers for.
Financial Prophet
Who Predicted the Financial Crisis Says US Policies Risk
Collapse of the Economy
Looking at the big picture, the real production economy
is getting worse. The same mindset of high risk
borrowing and over-extended leverage that led to the
financial system collapse will risk the collapse of the
US economy and its currency. With high rise of national
debt, it is only a matter of time before the global
investors will lose trust in US currency, treasuries,
and bonds
Financial Prophet Predicts Financial Recovery and Crisis
The US economy faces 3 options. Option 1: Allow a
painful, sharp, but quick correction cycle. Option 2:
Moderate the decline and suffer from several decades of
stagflation with intermittent periods of modest decline
and growth in dollar amounts; however the real economic
growth will be negative due to the decline in the dollar
valuation and inflation. Option 3: Is to invest in
innovation, export and growth industries.
Financial Prophet Says there is away out of the crisis
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
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
Experts News Financial expert forecast recovery of
residential real estate decline in 2011 This
newsletter is provided courtesy
The Executive Times
Newsletter:
Who Predicted the Financial Crisis |
