Thursday, September 22, 2011

El-Erian On the Crystal Ball (Again)



Pimco's El-Erian wrote a book three years ago and has been spot on most of the time. IN an interview on Bloomberg he is certain that a catastrophic financial event is on the cards REALLY SOON in Europe.

(See Link Below)

http://www.bloomberg.com/news/2011-09-22/el-erian-says-world-is-on-eve-of-next-financial-crisis-over-sovereign-debt.html

It doesn't take brain science to figure out what country is going to default, but the TIMING of that default is key. My bet is the second week in October, say beginning October 15th to 17th, a deja vu from 1987's crash on October 19th 1987, a Monday. Or perhaps later in the month, exactly 82 years from the 1929 crash of October 29th, a Tuesday.