The end of markets progonosticators

nitro

nitro

Harry Dent
Peter Schiff
Nouriel Roubini
Marc Faber
James Rickards
etc...

I think these guys don't understand how markets change. They don't implode from within except in a few very rare cases over decades. Instead, markets evolve incrementally, technology leading the way to making the old irrelevant.

Economics follows technological innovation. Imo there have been only four innovations that have truly changed humanity:

  • The Harnessing of fire
  • The Domestication of animals
  • The Printing press
  • The Computer
  • ? What's here ?
 
nitro said:
Harry Dent
Peter Schiff
Nouriel Roubini
Marc Faber
James Rickards
etc...

I think these guys don't understand how markets change. They don't implode from within except in a few very rare cases over decades. Instead, markets evolve incrementally, technology leading the way to making the old irrelevant.

Economics follows technological innovation. Imo there have been only four innovations that have truly changed humanity:

  • The Harnessing of fire
  • The Domestication of animals
  • The Printing press
  • The Computer
  • ? What's here ?
More...

nonsense, they could be right Monday or 7-10 years from now, get it- they will be "right"
 
Other tier one inventions:
  • Harnessing electromagnetism (our modern fire)
  • The Internet (out modern printing press)
  • Democracy (our modern domestication of animals)
  • Scientific method
 
If the markets/world implode in a year...would these guys be right or wrong? Their predictions would come true, but their TIMING was absolutely terrible! The 87' crash and the real estate crash of 06' were predicted by a number of savvy investors, but this time around the markets are making a lot of them look like fools. Do the POWERS in charge have more control then ever before...I believe so? A good test to see how stable our markets really are would be a trigger of some sort...a large bank scare or a "shot" fired at the wrong target. Be careful out there!;)
 
They will be right when the bubble pops. Trying to time the top of a bubble is virtually impossible. In the late 90's everyone knew we had a bubble that would pop - and it did, only after rinsing out shorts for a year or two to the point the shorts went long - than it popped. The FED & central banks can prop it up for only so long - they just don't have the resources.
 
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