I could have predicted the great recession . What people forget is that the recession was a direct result of corruption and greed , thus it was NOT a nutural occurring economic factor . Derivitives , Insurance swaps and trading products many of which the sellers themselves did not fully understand , were sold WORLDWIDE . Bad bets were insured , and insurers could not cover the bets , and that do to manipulation by Wall Street of the two words Insurance and Swaps . Swaps did not require the same liquidity as ” insurance ” but WERE by any other definition INSURANCE .
If that alone was not bad enough , and it was, the housing bubble fueled by bad sub prime and toxic loans and the illegal loan practices savings banks and Equity firms engaged in , ran rampant and UNCHECKED . It didn’t take any finacial genius to realize that it was a huge monstrous game of musical chairs ,where everyone thought someone else would be out of a chair before the music inevitably stopped . I am not all thay astute in these things , but in early 2005 ,when someone offered me almost 5x’s what I paid for my house in ’ 94 . That was yellow alert and I moved all my investments out of anything that had to do with the housing market . I lost only 19k out of a 560k portfolio , which has been regained 2x’s over since 08 . So what did Eve predict ? Never heard of them .