Predictions - US Economy

Please keep in mind that this was around an all time high on the Dow -


May 11, 2007 -

(Currency) in reality is a manufactured crisis -

Combine all of this with the massive inflation (I believe I saw 10.8% per annum), a collapsing housing market, aggressive energy prices and massive government spending which shows no sign of slowing and we have a recipe for disaster.

October 4, 2005 -

As I have stated already, combine this information with the upcoming housing market slowdown, the decline in personal savings, increase in household credit debt and many other economic factors and Houston, we have a major problem brewing.

I strongly believe this will lead to a panicked sell-a-thon which will flood the market with overpriced housing, driving the prices down to at least pre-bubble levels. This will leave many holding large outstanding debts as much of their investment's value plummets.

September 22, 2005 - 

I believe that we will see the economy start to stutter like a dying giant, staggering into a recession, if not a depression.

August 31, 2005 - 

I believe this is the first wave of the depression of 2005.

August 29, 2005 -

What I see is the makings of a possible economic 'perfect storm'. 

Look for an increasing economic slide of the economy in the 2nd half of 2005

A moderate to severe US economic collapse that would lead to further calls for 'free trade' and globalization.

Add-in a campaign of war in the middle east and a fiscal policy that is somewhat reminiscent of the "New Deal" and one is left feeling slightly chilled.

August 10, 2005 -

I believe that this will be accomplished by plunging the American economy dramatically, suddenly and then selling off her assets gradually over the next year ending roughly in June of next year.

Update -
Paul Krugman agrees

"We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense."
- Paul Krugman, The Third Depression, June 28, 2010