The guy who actually saw it ALL
coming down :
Steve's early
warnings ahead of the 2008 Financial
Crisis:
2003 Mortgage
backed securities huge risk
2003 Derivatives
threaten financial system
2003 Debt bubble
hangs over economy
2004 Glass-Steagall
repeal--history lesson
2004 Fannie Mae
& Freddie Mac gone wild
2004 Unprecedented
Housing bubble
2004 Musical chairs
in Credit default swaps
2007 Triple-digit
annual bank failures coming
2007 World-wide
financial system at risk
Here
are some of Steve's timing
calls:
Dec 1998
Generational commodity bull move
March 2000 Tech
Market top
July 2005 Housing
bubble top won't be long
Oct 2007 Major
stock market top
Nov 2007 Recession
already here
June 2008 Commodity
prices to plunge 50%
Jul 2008 Oil prices
to collapse to $30
Background
As a US Army helicopter pilot during
two tours in Vietnam, Steve was awarded 3 Air
Medals for Valor, the Soldier's Medal, and the
Distinguished Flying Cross.
Steve began is trading career in
1973, buying silver futures at 3.97. In 1974 at
the bottom of the bear market, he watched is
grandfather select stocks using 3 simple
rules:
-
Solid dividend paying record.
-
Currently yield of 8% minimum.
-
Price have doubled during the last
bull market.
In 1988, Steve retired from the
construction business and began writing Bullish
Review of Commodity Insiders based on
the Commitments of Traders report he
discovered in 1974. He hired couriers to pick up
the printed reports in New York and Chicago and
rush them to his doorstep. Later, Steve led a
letter writing campaign to get the CFTC to release
reports more frequently than once a month and
electronically. You can now get these reports
weekly at the CFTC's website. (But, you're better
off getting them here in several formats.
In 1997, when the CFTC announced
proposed registration requirements for
broadcasting market opinions on the Internet,
Steve joined a handful of newsletter writers and
sued the CFTC in federal court. His landmark First
Amendment victory assures your unfettered access
to the kind of material you find on this website
(and thousands other).
In 2001, when Florida's First
District US Congressman quit in the middle of his
term, Steve ran to replace him in a special
election. Steve's strength was his wife Jeannette,
5 college-age kids and a 5-year-old granddaughter
working on the campaign. Alas, it wasn't enough
and Steve is back to researching and writing about
markets.