Ten people who predicted the financial meltdown.

I just found this list on The Guardians website (link to a blog of The Times), of ten people they say predicted the financial meltdown.

Here is the short list, more details/analysis on each person/group are available at the article.

1. Vince Cable - deputy leader of the Liberal Democrats
2. Christopher Wood – chief strategist of CLSA, a broking firm in the Asia-Pacific Market.
3. Founders of www.stock-market-crash.net – website aimed at investors
4. Henry Weingarten - astrologer
5. Nouriel Roubini - economics professor
6. Nikolai Kondratiev - Russian Marxist economist
7. Founders of Housepricecrash.co.uk – property website
8. Lord Oakeshott - Liberal Democrat Treasury spokesman
9. Stephen Roach - senior executive at Morgan Stanley
10. Ron Paul - Republican Congressman

I was pleased to see that Vince Cable and Lord Oakeshott are listed, of the three major parties in the UK, I am probably closest to the Lib dems (They are still a little too right wing and authoritarian for me, but not as bad as Labour/Tory).

Of course of interest to many people on this website is that Ron Paul (and Peter Schiff, his advisor) is listed, something that makes that more interesting is that The Guardian is seen as a very left wing newspaper, so to link to an article giving credit to an economic right winger like Paul is an interesting turn of events. I'm not so sure on Paul though, although he does seem to have got this right, he seems to have been predicting doom for his whole career, so was bound to hit at some point, however I agree with his general view that the current system is broken.

Chomsky gave an interesting analysis of this kind of situation a few years back (I believe in regard to S&L, but relevant), that these banks/business people are capitalist until they get into trouble, at which point they become oddly socialist in their request for bail-outs. If we are going to have some form of socialism in our governments, I'd rather the hand outs were targeted at regular, poor, hard working people, not banking vultures who've had their chance and money and thrown it away by bad decisions or fraud.

The comments on the article have a number of other nominations for people who got it right, including Klugman, the recent Nobel winner, and even George Ure (of web-bot fame!)

EDIT: whoops, forgot the link

timesbusiness.typepad.com...

[edit on 19/10/2008 by bobafett]

God did.

www.biblegateway.com...

As well as the 'Time Monks' of the Web Bpt Project!
Just look at the New Year's predictions for 2008 at UrbanSurvival.com

Unfortunately I don't think a single post would be big enough to list the names of all on ATS who predicted it. Just more evidence (if it were needed) that collaborative detective work trumps the MSM.

Incidentally, is this a list of the only well-known commentators who didn't have their head stuck in the sand?

Pretty worrying.

There's literally thousands who saw this coming including myself, liquidated their holdings and published a warning.

Here's some more notable people:

The new sage of Wall Street Guardian UK

The visionaries: Meet the men who predicted the crash Independent UK

reply to post by Regenmacher


There were indeed thousands. But when an astrologer (no.4 in the list) tells you more about the economy than the government, it's time to ask questions.

reply to post by pause4thought


A star for you, for the last years we here in ATS predicted the growth of China and the new emerging Asian nations, the downgrade of the America industrial base and the consequences of becoming a nation of consumers alone.

I still remember how many defended the same polices tat now got us into the mess our nation is right now.

[edit on 19-10-2008 by marg6043]

You could add just about everybody's name to the list, but here's the only three people who didn't predict it.

1. George (Warpresident) Bush
2. Henry (Goldman) Paulson
3. Ben (Helicopter) Bernanke


[edit on 10/19/2008 by mythatsabigprobe]

That is because both of them were too busy planning how to scam the America tax payer with trillions of dollars on a bail out for the global elites.

It was clear to them, those in power, that this was coming, but when they got confronted they would just say, -"Oh, its nothing, we are strong as ever, the recession, and the crisis are nothing but hearsay"- then they take out all of their money and leave the country...


there are some people out there that have the means and the will to study the effects of our actions in a global scale, these shifts in paradigm can be expected if one just reads and notices the signs...

What strikes me the most, is that we the silent masses would rather keep watching TV than pay attention to the ones screaming doom.

We like to turn the other way when the storm crows begin singing their song, and when it finally hits us, its already too late to do something about it.

This to me is a lesson, not believing does not mean one cannot prepare.

reinhardt predicted the exact date.......

reply to post by ATSfan


What was the exact date?

Originally posted by ATSfan
reinhardt predicted the exact date.......

I'm not sure there is an 'exact date', unless he also gave exact companies that would collapse on that date, although we've had some singular bad days, I see it more as an ongoing crisis that you can't yet put a specific date to.