Saturday, January 24, 2009

Who saw our economic crisis coming?

I find it useful to look back and see how the economic and market experts looked down there noses at the few who predicted that our spend and borrow cultur would eventually breakdown.

Peter Schiff was the first one to be brought to my attention but Schiller, Roubini,Larry Burkett, and Harry Dent also predicted economic trouble. It's interesting to look back and review their predictions, and differing rationales.

The most difficult question is how should I invest now? People are predicting 6 months to 10 years of recovery.

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