Over the past several years we have documented countless errors made by the IMF, from its overly optimistic economic forecasts to its disastrous recommendations provided to the EU, UK and Japan. It is a fact that the IMF actually worsened the economic conditions in virtually every nation that has followed its recommendations.
Understanding the incompetence of the IMF can go a long way to assist investors and especially traders. For instance, by knowing that the EU faced a long period of deflation well in advance of the ECB, IMF and EC’s acknowledgement of this reality, we knew to take large short positions on the euro once these officials finally realized what was going on and announced it.
We did not need any time to analyze what they said or question it. All we were waiting for was the shit to hit the fan and go all in.
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On the other hand, if we had taken a short position when we first were aware of the fate of the EU, we would not have profited by nearly as much.
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Can anyone offer any evidence that there is someone who is any better than Mike?
If so, you would have already landed our $100,000 prize.
Below Mike has released Chapter 12 of his own 2007 book showing that he was the only one to not only have predicted the financial crisis, but also showed specific ways to land huge profits.
Check here to download Chapter 12 of Cashing in on the Real Estate Bubble.
View Mike Stathis' Track Record here, here, here and here.
Check here also Stathis Nails The Dec 2014 Market Selloff With Stunning Accuracy
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