Comments on: They saw it coming…

By: Kiyo Fan

Kiyo Fan — Mon, 13 Oct 2008 22:56:52 +0000

The Prophecy by Robert Kiyosaki is not what is happening now, but what he expects to happen just a few short years from now. His monthly commentary on Yahoo finance says this directly from him. He expects it to be much worse than today. He os a big proponent of gold and silver. More info on richdad.com – check out the video from when he was on Larry King Live when the credit crisis was just breaking out. He was considered the doom and gloom guy, but wound up being right on the money.

By: rob

rob — Tue, 07 Oct 2008 18:46:19 +0000

David and Ben…you are absolutely right! Prechter and Roubini should be on the list. Not too long ago I wrote about them ….You can see my blog on both Prechter and Roubini here….http://www.robpowell.name/?p=106

By: David Lewis

David Lewis — Tue, 07 Oct 2008 17:26:15 +0000

You might add to your list the “profit of doom” or at least that’s what the media call him… NY Univ Prof of Economics, Nouriel Roubini. He is often quoted in the press – recently interviewed on BBC (can be seen in two parts on YouTube) …though his web site asks for a ’subscription’ for his direct description of what he sees coming much can be seen if you Google him. You might also be interested in seeing Glenn Beck’s quoting of him in Feb 08 and Sept 25, 2008! He’s been right on the mark!

By: Ben Hall

Ben Hall — Tue, 07 Oct 2008 15:14:42 +0000

Hi Rob,
Great entry on who predicted this current financial “crisis.” But, you missed someone who used purely technical analysis to predict this depression. That was Robert Prechter and his 2002 book, Conquer the Crash.
-Ben
Socionomics Institute

By: Left Hand Drive Cars

Left Hand Drive Cars — Tue, 07 Oct 2008 14:52:11 +0000

Great Article.Thanks for sharing. Keep posting like this wonderful post.

By: St George Rentals

St George Rentals — Mon, 06 Oct 2008 21:47:12 +0000

I think they did not want to realize it was coming. In St. George Utah there were people buying homes for outrageous prices and getting loans with no problem. Just because people get a loan does not mean that they own the home. To many people will say they are homeowners when in reality they do not own any real estate, the bank owns the real estate that they loan money on. It was so easy to forecast this would happen when people are idiots when it comes to money.

By: Joshua Dorkin

Joshua Dorkin — Mon, 06 Oct 2008 21:15:49 +0000

Well said, My friend . . . well said!