Showing posts with label 2008. Show all posts
Showing posts with label 2008. Show all posts

Thursday, December 25, 2008

Gerald Celente: The Trends Research Institute

Some days ago, I was reading an article about Gerald Celente, a trend forecaster who has hit bullseye in most of his forecasts previously. he forecasted, the 87 stock market crash, demise of the soviet union, 2008 american subprime crisis accurately. (Reference here)

My point of writing this post is the statement he made during one of his TV appearances. The statement implied that if the banks did not even see the crisis coming, how the hell do they know when it is going to end.

Makes sense. Perhaps I am just reacting out of desperation and have not really thought about it deeply. But it does make sense to a layman.