The most depressing forecasts seem to be the most accurate.
Clarity of vision is in short supply by all including economists, however, this collection profiled here is more right than wrong. Shall we recap a portion of 2008?
1. Housing bubble collapse.
2. 400+ trillion derivative/credit default swaps worldwide
3. Switzerland’s Krono disappears for all practical purposes because of overboard investment in collaterized debt securities.
4. Bernard Madoff already [...]



