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Legendary Funds Manager Predicts Utter Global Collapse Stemming From Bursting of Property Bubble
Al Martin Raw ^

Posted on 07/20/2005 12:54:47 PM PDT by Heebert

click here to read article


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A wild prediction... don't really agree with the "the world is coming to an end" viewpoint. A problem yes, the end of society as we know it...doubtful. It turns out that the article isn't necessarily legit. Check out the rebuttal

eFormer - News that Moves

1 posted on 07/20/2005 12:54:49 PM PDT by Heebert
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To: Heebert

Is this the same guy who said the DOW would be at around 5000 by the end of the year?


2 posted on 07/20/2005 12:57:39 PM PDT by nuffsenuff
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To: nuffsenuff

shouldnt this clown be on a ledge somewhere


3 posted on 07/20/2005 12:59:13 PM PDT by italianquaker (CONFIRM THE JUDGES BUSH=MANDATE)
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To: Heebert
Often called "Never Been Wrong Robertson"......

by those who don't remember the collapse of the yen carry trade in the late 1990's

4 posted on 07/20/2005 1:00:13 PM PDT by Silent Marner
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To: Silent Marner

NASDAQ & S&P finish at a 4-year high.


5 posted on 07/20/2005 1:00:55 PM PDT by Skylab
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To: Heebert

6 posted on 07/20/2005 1:01:09 PM PDT by TonyInOhio (Would I lie to you?)
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To: nuffsenuff

Yeah, the guy is obviously a nut case. I love it. Without people like him, life would be boring. Unfortunately...they have some negative effects on society in general. Maybe they should all be put before a firing squad or something like that...hmmm..


7 posted on 07/20/2005 1:01:41 PM PDT by Heebert
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To: TonyInOhio

Now that he has sold the assets with huge profits he wants a fall to buy them again cheap.


8 posted on 07/20/2005 1:02:13 PM PDT by edcoil (Reality doesn't say much - doesn't need too)
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To: Heebert
Leave it to Ron Insana to give this guy the time of day.

Not so long ago Insana was playing....let's pretend bill clinton will become the next Secretary General of the United Nations.

Why Insana has his own show on WABC radio is beyond me.

9 posted on 07/20/2005 1:03:47 PM PDT by OldFriend (MERCY TO THE GUILTY IS CRUELTY TO THE INNOCENT ~ Adam Smith)
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To: Heebert

It is the same guy?


10 posted on 07/20/2005 1:03:48 PM PDT by nuffsenuff
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To: Heebert
n 10 years time, whoever is left will be effectively starting again, he said.

Well, I hope I'm left with Nicole Kidman.
11 posted on 07/20/2005 1:03:51 PM PDT by stylin19a (In golf, some are long, I'm "Lama Long")
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To: Heebert

"According to Robertson, "the Bush-Cheney regime is preparing the nation for transition from democracy into dictatorship because a dictatorship will be necessary to control, in 5 years time, food and water riots." He said "the federal government, that part of Patriot II Act, the internal exile, that the government is going to have to build now huge detention compounds on federal lands, probably in the West where the land is available, to potentially house 50 million or more citizens that will be in financial ruin."

"More importantly, and I'm trying to think how we imply this or how we express this to the people, what extraordinary times we are living in and how the destruction of the planet has been engineered by the Bushonian Cabal from 1980 to 1992, and then from 2001 to present, which has effectively destroyed the economic liquidity of the planet," he said."

Paging Nurse Ratchet...the man's overdue for his meds...


12 posted on 07/20/2005 1:03:53 PM PDT by BeHoldAPaleHorse
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To: Heebert
He predicts that 20 million people could lose their homes once the property bubble bursts.

And then 20 million other people will move into those houses.

13 posted on 07/20/2005 1:04:00 PM PDT by VisualizeSmallerGovernment (Question Liberal Authority)
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To: italianquaker
"shouldnt this clown be on a ledge somewhere"

Patience. Patience. Give him time and a good reason......

14 posted on 07/20/2005 1:04:43 PM PDT by tracer
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To: BeHoldAPaleHorse

He became "legendary" when he became a Bush-hater. Before that, he was just another stock broker.


15 posted on 07/20/2005 1:05:14 PM PDT by AppyPappy
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To: Heebert
To: Julian Robertson

Infomagic? Is that you?

For details, google +Infomagic +greenspun

Short version: Infomagic was a user on the old MIT-hosted greenspun newsboards during the runup to Y2K. He was famous for positing that Y2K would result in the ultimate death spiral for the world economy, displacing millions, crashing world food production and distribution, governments implement martial law etc etc. Here's a link to his summary.

16 posted on 07/20/2005 1:05:40 PM PDT by Little Pig (Is it time for "Cowboys and Muslims" yet?)
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To: Heebert
for much of this "doom", interestingly, he blames the Bush-Cheney "regime".

Impending doom the fault of Bush / Cheney? No wonder this guy's worth millions with original thinking like that.

Someone remind me again who all these Billionaires For Bush are.

17 posted on 07/20/2005 1:05:54 PM PDT by VisualizeSmallerGovernment (Question Liberal Authority)
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To: Heebert; A. Pole; Willie Green

WWASD

What would Adam Smith do?


18 posted on 07/20/2005 1:05:54 PM PDT by Incorrigible (If I lead, follow me; If I pause, push me; If I retreat, kill me.)
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To: Heebert

The only bubble that is going to burst is the bubble of home-ownership by people who can't really afford the homes, and thanks to threats of redlining lawsuits, companies being forced to hand out enormous loans to people who can't possibly pay.


19 posted on 07/20/2005 1:07:22 PM PDT by AbeKrieger (Islam is the virus that causes al-Qaeda.)
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To: stylin19a

You WILL be left with Nichole Kidman. But then the lockets that both of you carry around your necks will match, and you'll realize that you are brother and sister.


20 posted on 07/20/2005 1:07:51 PM PDT by VisualizeSmallerGovernment (Question Liberal Authority)
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