My Dad predicted the current super recession. Knowing that, your next question to me should be, “Why ain’t you rich”.
The big problem with his prediction was that he started predicting it in the early 1960’s – or maybe even before that when I wasn’t listening. It still hadn’t really happened when he died in 1992. However, the perception that it could happen colored his economic activity all his life – mine, too probably. We had some near misses, but he always dismissed them as minor events compared to the coming of the real thing. Continue reading Some knew it was coming
