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10-06-2014, 06:55 AM
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#41
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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 Quote:
Originally Posted by redduck
I don't think anybody has the "serious credentials" to make such a claim.
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He correctly predicted 8 out of the last 2 recessions!
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10-06-2014, 07:56 AM
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#42
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: Bernalillo, NM
Posts: 2,717
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Somebody once said something like "alarmists are always right. The problem is finding which alarmist it is".
__________________
"We live the lives we lead because of the thoughts we think" ...Michael O’Neill
"We can cannot compel others to do our will" ....Norman Goldman
"There never is shortage of the gullible to accept the illogical"...Anonymous
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10-06-2014, 08:17 AM
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#43
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Thinks s/he gets paid by the post
Join Date: Jan 2007
Posts: 1,242
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Quote:
Originally Posted by brewer12345
Hah! I bought gold ammunition. Top that.
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This made me guffaw. I've been wanting to use that word. Thanks!
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10-06-2014, 08:31 AM
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#44
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Thinks s/he gets paid by the post
Join Date: Jan 2010
Location: 5-sided building
Posts: 1,183
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Quote:
Originally Posted by Golden sunsets
OTOH, he was employed by the CIA, a group continually planning for Armageddon. I suppose someone needs to have their eye on our worst case scenario.
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Typing from the Pentagon right now, and I can assure you we got it covered. Well, mostly. Sometimes.
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10-06-2014, 08:43 AM
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#45
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by HawkeyeNFO
Typing from the Pentagon right now, and I can assure you we got it covered. Well, mostly. Sometimes.
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You forgot "maybe". 
__________________
Numbers is hard
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10-06-2014, 08:14 PM
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#46
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Full time employment: Posting here.
Join Date: Feb 2008
Posts: 920
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To me Harry Dent is always The King... he has actually managed to be ridiculously wrong in both directions in the just over a decade.
Harry Dent - Wikipedia, the free encyclopedia
Quote:
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In 2000, based on his forecast that economic growth would continue throughout the 2000s, Dent predicted that the DOW would reach 40,000, a prediction which was repeated in his 2004 book.
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Quote:
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His 2011 book goes on to suggest consumer spending will begin to plummet in 2012 with the Dow bottoming out somewhere between 3,000 and 5,600 in 2014
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10-07-2014, 05:17 AM
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#47
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Full time employment: Posting here.
Join Date: Feb 2011
Posts: 852
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Quote:
Originally Posted by tuixiu
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Harry Dent may be wildly off on his targets, but the since 1994 the Harry Dent Portfolio has performed as one of the better portfolios for supporting the classic 4% withdrawal:
http://www.retireearlyhomepage.com/reallife14.html
Sent from my iPad using Early Retirement Forum
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10-07-2014, 06:50 AM
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#48
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Switzerland
Posts: 1,047
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Best course of action: invest in aluminum foil producers.
-BB
__________________
FIREd, April 1, 2015. My Retirement Benefits Package includes: 6 months vacation, twice a year.
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10-07-2014, 09:49 AM
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#49
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Recycles dryer sheets
Join Date: Oct 2011
Posts: 122
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The only certainty in the markets is uncertainty about the future.
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10-07-2014, 11:09 AM
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#50
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Thinks s/he gets paid by the post
Join Date: Aug 2010
Posts: 1,440
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He will be right someday... But who the heck knows when!
__________________
Learning how to be still, to really be still and let life happen - that stillness becomes a radiance -
Morgan Freeman
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10-07-2014, 12:36 PM
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#51
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,259
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Just wait for global cooling. It's coming any day now.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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10-07-2014, 02:12 PM
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#52
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gone traveling
Join Date: Sep 2003
Location: DFW
Posts: 7,586
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Quote:
Originally Posted by Chuckanut
Just wait for global cooling. It's coming any day now.
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No need to wait. This reminded me of the group of environmentalists traveling to Antarctica to study global warming a while back who got stuck in the ice well before they got there.
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10-08-2014, 09:37 PM
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#53
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,727
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It's going to be the asteroid in the end.
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10-08-2014, 09:59 PM
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#54
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: South central PA
Posts: 3,486
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Quote:
Originally Posted by traineeinvestor
He's been preaching the imminent end of the financial world for a very long time. He may or may not be right eventually but he's been very wrong so far and I have no intention of planning my finances and lifestyle around his speculations of financial armageddon.
I did read one of his books last year - it was a waste of good reading time.
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Hope you didn't spend anything on the book. It's always about getting rich by getting attention, by scaring people into buying your book or your foolproof system.
Sent from my iPhone using Early Retirement Forum
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10-09-2014, 08:45 AM
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#55
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
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Quote:
Originally Posted by KiraC
The only certainty in the markets is uncertainty about the future.
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Or there is some that don't know and some that don't know they don't know.
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10-09-2014, 09:07 AM
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#56
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Recycles dryer sheets
Join Date: Dec 2012
Location: Tampa Bay
Posts: 64
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I have found over the years that most con games use greed and/or fear to suck in their victims or suckers as they are known. So I am cautious when someone tells me how scared I should be or how fast I can make a lot of money. Just my two cents worth.
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10-09-2014, 09:12 AM
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#57
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by aja8888
It's going to be the asteroid in the end.
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So true, especially for those who lie face down when it hits...
__________________
Numbers is hard
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10-09-2014, 12:20 PM
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#58
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Full time employment: Posting here.
Join Date: Aug 2014
Posts: 584
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In response to the coming crisis I'm going to diversify my investments, improve my self sufficiency skills, live below my means, and practice my marksmanship.
Hmm, seems like what I was already doing?
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10-10-2014, 03:31 AM
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#59
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Dryer sheet aficionado
Join Date: Jun 2012
Location: Los Angeles, CA
Posts: 48
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Selling a $40 book and up selling a lot more. Reminds me of "Millionaires Dumping Stocks; Economists Know Why". That article has been republished since early 2013. I feel sorry for the poor souls who paid for that book and sold off all their stocks in advance of record S&P 500 gains in 2013!
Doom and gloom sells! Just look at Coast to Coast AM with George Norry or Alex Jones and all of the sponsors who sell haz-mat suits, food storage stuff, gold and so much more.
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10-10-2014, 10:00 AM
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#60
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,349
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Quote:
Originally Posted by brewer12345
Hah! I bought gold ammunition. Top that.
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You're both on the right track, but the military prefers depleted uranium. Lead can be hazardous to your health.
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