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.