Prior to the start of this so-called "Great Recession," my ex-wife had a family home that was an inheritance from her mother. I worked as a property manger at the time, and near the end of 2007, I could tell from rumblings in the industry that the U.S. housing market was on the verge of catastrophic collapse. I urged her to press her brothers to sell the family home before prices dropped. The house went on the market and sold right away -- and just three months before Bear-Stearns and others crashed, taking the U.S. housing market down for the tumble. Her family sold at the peak of the market.
The next time I made a prediction about the economy or the stock market was not until 2011 when I predicted a market crash in August. The market plummeted on schedule, but was more of a correction than a crash because the Federal Reserve created this program called quantitative easing to shore it up.
In the spring of 2014, I again predicted a market crash in the fall, and this time I bet my blog on it.
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