Economic Armageddon Revisited
Brian Milner of the Globe and Mail caught up with Vancouver's own "prophet of doom" Ian Gordon in a short weekend article.
I wrote this story about Ian Gordon for the Vancouver Courier about four and a half years ago. Gordon uses a little-known Kondratieff wave cycle to predict the direction of the economy and stockmarket. In 2004, Gordon was saying that the levels of debt were setting up the U.S. and the world for a big fall. I can picture the pain written on Gordon's face as he now contemplates the levels of debt in this post-bailout world.
Not surprisingly, Gordon is still advocating buying gold, even after it has doubled in the last four years or so to around $920. Gordon also told Milner that he expects stockmarkets will meltdown much further with the Dow Jones going from its current 7,766 points to 1,000 before the economic depression has run its course.
The article is only available to subscribers - Agh! Will have to stop linking to the Globe