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Eh. The thing with predictions is that all you have to do is have tons of people making predictions about every imaginable frightening, unlikely scenario and some of them will eventually wind up coming true. Predicting that a country in a recession will "collapse" is a pretty reasonable thing to do if you're in the business of making wild predictions no one is going to call you on if they turn out to be incorrect.


Excellent point. This dynamic has also led to doomsday sayers such as Peter Schiff being heralded as the genius that saw what noone else saw, when in reality he might just have been lucky. There are probably 100 Peter Schiff's out there whose predictions didn't hold up, and who we subsequently don't herald as heroes.




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