In a recent fund raising event where the main speakers were major hedge fund managers, certain prediction were made.
Listening to any of these people is like listening to Copernicus rearranging the Solar System. Understanding their frame of reference or lack of is challenging and eye opening.
People paid large sums of money to have the privilege of listening to what could be next. But the predictions were all dire. They ranged from France defaulting to deflation, Europe splitting back to individual struggling nations, and no sign of growth in the US.
Even the established notion of personal banking was challenged like back in the 1930s. There is not worse advise to people who just dropped large sums of money to find out the good angles: "Take three boxes of cheerios. Empty them, and fill them with 100 bills."
