What’s more important is how are we going to figure out when the next financial crisis hits?
Yes, we knew the financial crisis was coming back in 2004, and started shouting to the world like Chicken Little that the sky was falling. But it still took what seemed like an eternity for the actual main event to arrive.
Every reflection during those years led to us thinking, how much longer can this go on?
For the record, this is the only reason we knew the Financial Crisis would be exposed in the fall of 2008.
A deceased friend who was a financial researcher recognized something.
Publicity traded financial institutions would eventually be forced to show their loses from holding toxic sub-prime mortgages. He realized this in the spring of 2008.
From his estimation, by fall 2008, the corporate books would have to be opened to show the losses. And that’s pretty much what happened.
Our ability to know when the next financial crisis hits or how it will happen is uncertain.
All we can suggest is to use the advice recited by boy and girl scouts around the world. “Be prepared”
If and when we have any news to report on this matter, you’ll be the first to know.