The Mudcat Café TM
Thread #126526 Message #2811256
Posted By: Jack the Sailor
13-Jan-10 - 05:26 PM
Thread Name: BS: Trends Research Institute - for real?
Subject: RE: BS: Trends Research Institute - for real?
Just seems like general "tea leaf reader" stuff to me. He claims to have predicted the "Panic" of 2008. But in that same prediction he claimed that "Wage riots" would be part of the panic. If there was a panic then the panic is certainly done. Have you seen news of "Wage riots" by "the angry masses?" Along with that he seems to have totally missed the Tea baggers.
Not that predicting rioting in the US at some time in a three year span is a pretty safe bet. The US is a big place and "riots" have been triggered by things as trivial as a sports team winning a championship.
He appears to be making the case for his "abilities" by cherry picking among his dozens of "predictions" and even them he is bending them after the fact to make them closer to the outcomes.
Nice parlor trick. I would not invest in it.
I knew several years ago that the housing bubble would burst. It seems odd that the worlds best trends predicter didn't. I knew that in Southern California and South Florida 1000 sq foot houses were selling for $2,000,000 on interest only mortgages. You don't have to be Nostrodamus to see the end of that trend.