I was actually a bit premature by about one and a half years. Starting in 2006 I was telling my business associates that the Fed was due to have a recession here in the United States. My talk was met with sarcastic smiles of course. If you look at the history of the market you can see a trend. Then of course if you witness the predominant business bubbles you can almost guess when it will take place. For example: when everyone was buying houses like there was a blue-light special at K-Mart, and home prices where going sky high, this was my signal a recession (and obvious housing bubble) was well on its way. Let me just say: I TOLD YOU SO! |
