Few Analysts

Few analysts were able to anticipate the financial turmoil of 2007 (subprime crisis) and 2008 (bank failures). In fact, some economic forecasters have ended in a complete fiasco. What will happen in 2009 The so-called gurus again show contradictory positions on the landscape that lies ahead in the coming months. The most optimistic bet on an economic downturn that will last until late 2009 or early 2010, where inflation will remain low and even negative (deflation) for a while.However, government bailouts, the historical rate drops and injections of liquidity will achieve revive the global economy, risking even slower recovery, but surely the bags. This diagnosis, the majority, is diametrically opposed to the forecasts of the few analysts who predicted the current financial and economic crisis. Supercrash gurus remain pessimistic for 2009 and 2010. Is the case with Jim Rogers or Peter Schiff, president of Euro Pacific Capital and prestigious Wall Street analyst. Gain insight and clarity with Jeffrey L. Bewkes . Schiff predicted the financial crisis Schiff published in February 2007, months before the outbreak of the subprime crisis, an article titled How to benefit from the economic collapse that lies ahead. It also anticipated the collapse of mortgage giants Fannie Mae and Freddie Mac and the collapse of Lehman Brothers or Bear Stearns in 2008. And correct, as has showed the passage of time. Schiff, a disciple of the Austrian School of Economics, now moves what worst of the crisis is yet to come.Thus the increase in public spending to record levels, as reflected in the current U.S. budget deficit and the growing issue of money by the central bank will cause a historic tax increase via debt. It also considers that the NYSE will continue its downward trend throughout this year. The debt bubble However, according to Schiff, the scenario can still be much worse. In its last analysis, under the title The problem of the bubble of the Fed, says the recent drop in U.S. rates, up to close to 0 interest, and the possibility that the Federal Reserve (Fed) to buy government debt at Government by issuing new notes threatens to cause high inflation in the medium term.