Comments on: I do not know anyone who predicted this course of events…

By: How the ‘Experts’ Missed the Crash: Philosophical Flaws, No Sense of History | Centre For Economic Stability

Sun, 28 Mar 2010 00:49:30 +0000

[...] Galbraith describes himself in this interview on Yahoo Finance’s Tech Ticker as a “financial ambulance chaser”, and someone who did see this crisis coming–unlike the vast majority of the economics professsion, who–like Australia’s own RBA (central bank) Governor Glenn Stevens–not only did not see this crisis coming, but didn’t know anyone else who did. [...]

By: How the ‘Experts’ Missed the Crash: Philosophical Flaws, No Sense of History | Centre For Economic Stability

Tue, 23 Mar 2010 12:38:51 +0000

[...] Galbraith describes himself in this interview on Yahoo Finance’s Tech Ticker as a “financial ambulance chaser”, and someone who did see this crisis coming–unlike the vast majority of the economics profession, who–like Australia’s own RBA (central bank) Governor Glenn Stevens–not only did not see this crisis coming, but didn’t know anyone else who did. [...]

By: reason

reason — Tue, 16 Dec 2008 08:48:54 +0000

I wonder if some Reserve Bank people read this blog?

By: iconoclast

iconoclast — Mon, 15 Dec 2008 04:28:22 +0000

abouttime,

I think Peter Costello is attempting to practice his art of sophistry, in his attempt to proclaim his fortune telling skills.

Peter Costello used the term financial tsunami in the context of when China revalues it’s currency, and the financial tsunami that would ensure as a result of such a currency revaluation.

Peter Costello is in the same camp as is Glen Stevens; they both had and have no idea.

By: Otto C.

Otto C. — Sun, 14 Dec 2008 23:20:40 +0000

Robert R. Prechter in his book ‘Conquer the Crash’ written in 2002 warned of the coming Deflationary Depression of major proportions and stock market collapse. His rationale for this conclusion was a combination of economic fundamentals, Elliot Wave Theory and social behaviour. I think he deserves at least a mention as a person who also made the prediction, even though he was a few years too early.

Otto C.

By: aboutime

aboutime — Sat, 13 Dec 2008 10:14:29 +0000

Peter Costello knew over a year ago and was widely quoted in the MSM about the upcoming Financial Tsunami. Glen Stevens and Peter Costello obviously went out of their way to not know each other or each others advisors.

By: BrightSpark1

BrightSpark1 — Thu, 11 Dec 2008 15:27:07 +0000

If he did not know, he can not claim that it was not his duty to know.

He should resign and hand over to someone who was aware of the people warning of this failure. Preferable someone who understand the theories which lead to these predictions, predictions which are now proven to be accurate.

By: iconoclast

iconoclast — Thu, 11 Dec 2008 11:35:12 +0000

Glen Stevens has publicly stated “I do not know anyone who predicted this course of events.”, well then he should resign from his position, forthwith. He has been appointed not elected. He can give all manner of politically palatable reasons for his departure, so as not to spook the market and allow the competent to take the lead.

We don’t need people that were part of the problem to steer us out of the problem we now find ourselves in.

By: reason

reason — Thu, 11 Dec 2008 08:48:15 +0000

Better source for Richebacher:
http://www.dailyreckoning.co.uk/columnists/dr-kurt-richebacher.html

By: reason

reason — Thu, 11 Dec 2008 08:45:19 +0000

And
http://www.richebacher.com/