Ten people who predicted the financial meltdown

aa6972

aa6972

aa6972

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The article is here , it has people like vince cable and Stephen Roach but
4. Henry Weingarten - astrologer

Mr Weingarten is head of the Astrologers Fund, a New York firm that advises businesses on the basis of planetary movements. He forecast a major economic downturn in March 2007 – so hopefully his clients took note.

His website claims he has in fact made numerous successful predictions about worldwide financial affairs, including “both Mexican 1995 crises, the first 1995 dollar crisis, the 1998 oil collapse and 1999 recovery, and the decline of the Euro after its 1999 birth.”
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people actually paid this guy?
 
aa6972 said:
people actually paid this guy?
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Ron Reagan made a number of political decisions based upon Nancy Reagan's astrologer's predictions.

Just because you're reached the top it doesn't make you immune to idiocy.

Get a copy of How Mumbo-Jumbo Conquered The World by Francis Wheen.
 
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If they tried hard enough I’m sure that they could find 100 people who predicted this, even my late father did.
 
I'm pretty sure my wife's cat predicted the financial meltdown.

When I can get a quote, I'll let you know.
 
Plenty of people predicted this, unfortunately most of them have been predicting it every year for ten years...

Even a broken clock tells the right time twice a day.

As for the astrologer, who knows.
 
Dolph said:
Plenty of people predicted this, unfortunately most of them have been predicting it every year for ten years...
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If action had been taken ten years ago to regulate properly and suppress the credit bubble we would not be in this position. Even in the best case scenario (which is far from guaranteed) we are facing decades of paying back the extra money the government's now going to have to find to fill the black hole at the heart of the UK/US economic model. That was entirely avoidable.

Andrew McP
 
Dolph said:
Plenty of people predicted this, unfortunately most of them have been predicting it every year for ten years...

Even a broken clock tells the right time twice a day.

As for the astrologer, who knows.
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indeed it reminds me of that guy who kept posting that the US was going to attack its self etc or nuke iraq to start a war, (only nutter I've seen post specific dates on here though) ever time it didn;t happen he said it was because the realised that people where on to them and postponed it :/

Aparrently america should have been nuked in last novemeber :(
 
Andrew_McP said:
If action had been taken ten years ago to regulate properly and suppress the credit bubble we would not be in this position. Even in the best case scenario (which is far from guaranteed) we are facing decades of paying back the extra money the government's now going to have to find to fill the black hole at the heart of the UK/US economic model. That was entirely avoidable.

Andrew McP
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It wasn't lack of regulation that caused the problem. The regulations and intervention from the US government positively encouraged the credit bubble. We'd have been better off without any regulation or interference at all.

And when I say every year, I mean they have been predicting each year that it would be this year that it would all fall down. Not that it would fall down at some point in the future.
 
Tefal said:
indeed it reminds me of that guy who kept posting that the US was going to attack its self etc or nuke iraq to start a war, (only nutter I've seen post specific dates on here though) ever time it didn;t happen he said it was because the realised that people where on to them and postponed it :/

Aparrently america should have been nuked in last novemeber :(
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You should read Speaker's Corner more often. Some of us are still waiting for a massive US Naval Armada to arrive off the coast of Iran ;)
 
Vince Cable - deputy leader of the Liberal Democrats said:
“The growth of the British economy is sustained by consumer spending pinned against record levels of personal debt, which is secured, if at all, against house prices that the Bank of England describes as well above equilibrium level. What action will the Chancellor take on the problem of consumer debt?”
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Mr Brown did not answer how he would solve the problem, merely replying that: “We have been right about the prospects for growth in the British economy, and the hon. Gentleman (Mr. Cable) has been wrong.”

LOL
 
Lets be honest, being an Astrologer probably makes him more qualified than most Labour MP's.

Bring on the Conservatives to clean up this Labour mess.

You have to laugh, even when they said they would avoid boom and bust, it happened in a catastrophic manner.

The whole thing was avoidable, as the Bank of Englands regulatory powers were given to the newly created FSA, with the disasterous consequences we are seeing now.
 
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Dolph said:
Plenty of people predicted this, unfortunately most of them have been predicting it every year for ten years...
Click to expand...



A perfect summing up. Every time the stock market goes up for more than a year people start predicting a crash, and keep doing it until it happens. This category would seem to include about half the people on the list in the first post.


M
 
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