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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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(1 comments) SHARE More Sharing        Monday, December 14, 2015
Epocalypse Soon: The Great Economic Collapse is Happening I use the term "epocalypse" to name the last days of the global economy as we know it -- a global economic collapse of biblical proportion. It is economic, epochal, an apocalypse that will change the world and a collapse " all in one word that sounds the right size for what I'm talking about. Call it the "Great Collapse" or the "Epocalypse." Whatever you call it, it's about to change the world.
(13 comments) SHARE More Sharing        Thursday, October 16, 2014
I bet my blog on a stock market crash this fall I've put my whole blog, written over the course of more than three years, on the line, promising to quit writing on economics if I'm wrong wrong about what the economy is going to do this fall (2014).