The Next Financial Crisis Has Started?
EDEN PRAIRIE, Minn., March 29, 2011 /PRNewswire/ -- The Big Wave Surfing book has issued its first big wave alert (BWA) predicting the next financial crisis.
Based upon an analysis of past financial crisis, the alert predicts the timing, and technology, behind the form and the size of the next financial meltdown.
Ken Thurber, author of the new book Big Wave Surfing, Extreme Technology Development, Management, Marketing and Investing, says, "The crisis has already started and we need to prepare ourselves so we're not taken advantage of or injured.
"The Financial Crisis Inquiry Commission (FCIC) discovered, after a year of hearings, that the financial crisis was avoidable. Wrong!" says Thurber. "Once money guys sense blood in the water, they rapidly converge like sharks. Money flows and new financial products move forward. Excess is always in vogue. It is the nature of capitalism."
Thurber goes on to say, "The Democrats on Wall Street are no different than the Republicans on Wall Street. This is not a political statement, it's fact! What you hope is that you can hide below the radar of their greed and not get hurt by their bad behavior. They will continue to innovate, and eventually, they will all use the same algorithm, their model will fail, and all hell will break loose."
A brief history of recent financial crises indicates that these meltdowns seem to hit about every ten years and can take about five to seven years to get resolved (where resolved indicates that the worst is over). There is still overhang, investigations, etc. that come later and the participants never completely recover from the resulting financial losses. Yet tons of money is made by both the perpetrators and some of the astute visionaries. A simple summary of some of the recent crises is provided in the alert and starts with the financial crisis of New York City (circa 1960) and moves up to the Housing Market Meltdown (circa 2008-2009).
The Prediction, according to Thurber, "A specialized marketplace will emerge that is designed to provide special mutual funds, hedge funds, ETFs and other financial vehicles to sell prepackaged Chinese stocks to individual investors, pension funds and municipal governments that need to improve their investment results. This will create the environment for a multi-trillion dollar financial meltdown!"
Supporting details for the prediction are contained in the first big-wave alert newsletter available at: http://bigwavesurfingbook.com
About the Author:
Kenneth J. Thurber, Ph.D., is a renowned computer architect and has developed technology and systems worth billions of dollars. He developed the concept of "technology big wave surfing" to empower readers to understand and harness the opportunity of an ever-changing technological marketplace.
P.S. Your readers are sure to enjoy their plunge into the ocean of technological possibility in Dr. Thurber's Big Wave Surfing!
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SOURCE Kenneth J. Thurber, Ph.D.