Welcome to the Executive Times Newsletter

The Global Economic and Financial Crisis

Special focus on the US financial crisis and recovery.

In this series we will follow the news, predictions and statements of the experts who predicted the economic and financial crisis. What did they predict then and what are they predicting now?

In this issue, we will follow the statements of Med Yones, from the International Institute of Management. Yones is the world renowned expert who predicted the financial crisis in June 2006 in a policy white paper, titled “US economy risks and strategies 2007-2017”. In Jan 2007, through a series of press releases and media statements, he challenged the US Presidents' State of the Union Address, the Federal Reserve Chairman, and the top economists at that time. In an interview with Reuters on March, 2007 he warned about the subprime mortgage, financial bankruptcies, and the loss of confidence in the US economy. In September of 2008 all of his predictions came true.
When is the bottom of the decline, when is the recovery, how long will it take, how will it look? These are some of the questions that we will try to find answers for.

Newsletter: Volume 10 # 9

CEO Magazine: Expert Who Predicted the Financial Crisis of 2008 Says Recovery in 2010 with the right policies
A comprehensive CEO Magazine interview with Med Yones, the expert who predicted the financial crisis

Med Yones Warning Reuters Interview
Real Estate Bubble, Subprime Mortgage Defaults, Bankruptcies and Loss of Confidence in the US Economy

Newsletter: Volume 10 # 10

Med Yones, the Economic Prophet Who Predicted the Economic Crisis Says Economic Recovery in 2010
Official numbers show that the economic decline is slowing down and consumer confidence is increasing. We will see economic recovery in 2010

Newsletter: Volume 10 # 11

Who Predicted the Economic Crisis
In the next few years, American tax payers and national and global investors will have to pay the price either by raising their taxes, defaulting on national debt, declining US dollar value and/or a hyperinflation tax. European, Latin and Asian economies that follow similar US policies and do not decouple from the dollar will suffer the same fate

Newsletter: Volume 10 # 12

Economic Experts News: - Economic Crisis & Recovery Predictions
Obama’s fiscal stimulus package, bailout and other economic policies can soften the fall, but are unlikely to reverse it anytime soon. We expect to see the bottom fall out around late 2009 or early 2010

Newsletter: Volume 10 # 13

Economic Gurus News: Economic Crisis & Recovery Forecast

In Jan 2007 our forecasting model predicted the financial crisis with great accuracy, while top financial firms and U.S. officials were blind sighted by it. In late 2008, when gloom and doom were the general consensus, our forecasting model revealed the economic decline will bottom in 2009 and we will see a modest recovery in 2010, again we were right. Unfortunately, this time our data shows that the current recovery is not driven by a healthy economic growth. Instead it is based on an increased debt, ineffective stimulus package and bailouts, accounting manipulations, and false investors’ confidence rather than real production growth.

Newsletter: Volume 10 # 14

Economic Oracles News: Economic Crisis & Recovery Outlook

The government policies are damaging the US financial future. The government bailed out General Motors (GM) and gave them $20B, a month later GM declared bankruptcy. GM assets with the $20B bailout are $82B and their debt is $172B, so their net equity is negative $90 Billion. Recently, the US government announced that they will invest an additional $30B to get 60% of GM, in other words they will pay $30 Billion to buy $54 Billion of debt. What investor in his right mind would pay money to buy liabilities? How does that help the economy, or tax payers’ money? From an economic stand point the decision is a big failure;

Newsletter: Volume 11 # 10

Who Predicted the Financial Crisis
The Real Estate Bubble and Subprime mortgage are important components of the current crisis. However, they are not the root cause of the crisis. The crisis resulted from a national culture of spending more than what the nation can produce. There are also other problems following the subprime loans, including other risky loans and inflated assets categories that we will experience in 2009.

Newsletter: Volume 11 # 11

Financial Experts News: Financial Crisis & Recovery Predictions
The combination of some of the counterproductive policies and bad news, can further damage the investors' confidence, thus sending the economy in downward spiral and resulting in another “great depression” 

Newsletter: Volume 11 # 12

Financial Gurus News: Financial Crisis & Recovery Forecast
Looking at the big picture, the real production economy is getting worse. The same mindset of high risk borrowing and over-extended leverage that led to the financial system collapse will risk the collapse of the US economy and its currency. With high rise of national debt, it is only a matter of time before the global investors will lose trust in US currency, treasuries, and bonds

Newsletter: Volume 11 # 13

Financial Oracles News: Financial Crisis & Recovery Outlook
The effective and efficient program execution is necessary to avoid waste, fraud, and the abuse of loopholes to divert these funds to special interest programs. If the objective of President-elect Obama is to lead the economic recovery through the middle class, the job creation initiative through small business and innovation development, would be hitting 3 birds with one stone (sustainable job creation, middle class support, and increasing US businesses competitiveness through innovation development.

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