Project for Philosophical Evaluations of the Economy |
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Noah denkt™ has been right on the money
Press Release, first drafted on March 18, 2008, published the same day
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Look, we do not like to gloat too much in our own success. But unfortunately no one else is giving us credit where
credit is due. And so we cannot refrain here from saying it as it is. For too much have we been right on too many
occasions, that we could now still accept being ignored for that.
It is therefore for the sake of the truth and our own well-being that we would like to point out:
Anyhow, our very few fans can rest assured that even in the face of the greatest ignorance Noah denkt™ from will
continue to proof the validity of its point. And so we ask everyone to stay tuned for more to come. For too much
will also our inflation prediction eventually come true that we would not want to hang around to actually witness
that. (see our commentary “Schumpeter lässt grüßen” (Aug. 07), “Hawk-eyed!” (Sept. 07), “A bad day for
democracy” (Sept 07) “Looks like a recession is imminent or Schumpeter, yet again.” (Jan. 08) )
For further information on Noah denkt™’s track record and quality control please got to
www.noahdenkt.com/noahdenkt8.html, www.noahdenkt.com/noahdenkt81.html, and
www.noahdenkt.com/noahdenkt8a.html)
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Press Release, first drafted on March 18, 2008, published the same day
---------------------------------------------------------------------------------------------------------------------------
Look, we do not like to gloat too much in our own success. But unfortunately no one else is giving us credit where
credit is due. And so we cannot refrain here from saying it as it is. For too much have we been right on too many
occasions, that we could now still accept being ignored for that.
It is therefore for the sake of the truth and our own well-being that we would like to point out:
 | that even as far back as December 2006 we correctly predicted that a rough patch would be ahead for the | |
| US economy (see our very first Noah denkt™ commentary “Über die langsame Rückkehr der Vernunft” (in German only)) |
| that we correctly diagnosed a perfect storm to be brewing in the money markets (see our commentary: | |
| “Das ist die perfekte Welle” (April 2007) (in German only)) That was three month before the current credit mess actually erupted. |
| that we echoed this sentiment of an impending crisis repeatedly throughout 2007, even though at the time | |
| people would still have accused us of psychopatic scaremongering if they had taken note of our analysis. (see our commentary “Die amerikanische Wirtschaftspolitik lässt ihre Volkswirtschaft besser da stehen, als sie es in Wirklichkeit ist“ (Feb.07), „Wer die Rezession fürchtet, der wird sich schliesslich eine viel größere einheimsen müssen“ (March 07) “Ein ungutes Gefühl” (April 07) (all in German only)) |
| that back in August 2007 we predicted that this current crisis would not come in one big bang, as this used | |
| to be the case in earlier recession but that it would much rather be a slow moving virus that would bring the system to an eventual halt. (see our commentary “A slow moving virus in the system”) |
| that in the same month, we unequivocally denounced the idea that financials would be a good buying | |
| opportunity although the first bad news had already broken and some argued that valuation were cheap. (see our commentary: “How can anyone suggest that banks and financials pose a good buying opportunity now?”) |
| that in Oct 2007, we predicted that flag bearers of private capitalism would not have any qualms courting | |
| sovereign funds money long before Citibank and others actually accepted these public sector institutions as their shareholders (see our commentary “Why are sovereign funds all the rage now?”) |
| that we have argued from the start that a great performance isn’t good enough to get you the recognition | |
| that you deserve that but that you have to employ media stunts to force the public into granting you the attention that your merits can legitimately claim. (In this respect it is worth the while to note that Noah denkt™ could not even get a press release about its project published in its local paper, although the latter generally has no reticence to report on any stupidiy under the sun that can help to get its pages filled. If therefore free marketeers continue to sell the capitalistic idea on the merit of its merit recognition, Noah denkt™ has to tell them that they either suffer from a reality deficiency or that it is self-enriching criminal intent that is guiding them. |
Anyhow, our very few fans can rest assured that even in the face of the greatest ignorance Noah denkt™ from will
continue to proof the validity of its point. And so we ask everyone to stay tuned for more to come. For too much
will also our inflation prediction eventually come true that we would not want to hang around to actually witness
that. (see our commentary “Schumpeter lässt grüßen” (Aug. 07), “Hawk-eyed!” (Sept. 07), “A bad day for
democracy” (Sept 07) “Looks like a recession is imminent or Schumpeter, yet again.” (Jan. 08) )
For further information on Noah denkt™’s track record and quality control please got to
www.noahdenkt.com/noahdenkt8.html, www.noahdenkt.com/noahdenkt81.html, and
www.noahdenkt.com/noahdenkt8a.html)
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| © Landei Selbstverlag, owned by Wilhelm ("Wil") Leonards, Gerolstein, Germany. All rights reserved. Reminder: Noah denkt™ is a project of Wilhelm ("Wil") Leonards and his Landei Selbstverlag (WL & his LSV). Consequently, all rights to the texts that have been published under the Noah denkt™brand name are reserved by WL & his LSV. The commentary and the reasoning that was provided on this page is for informational and/or educational purposes only and it is not intended to provide tax, legal or investment advice. It should therefore not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security or any issuer by WL & his LSV or its Noah denkt™ Project. In fact, WL & his LSV encourage the user to understand that he alone is responsible for determining whether any investment, security or strategy is appropriate or suitable for him. And to leave no doubt as to what this means we urge our user to also note our extended Legal Notice. |
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| Addition to this press release made on Sept. 9, 2008: Meanwhile Noah denkt™ has further prediction successes to report. For not only has this project been right in the cases mentioned above but Noah denkt™ has also been on the money,
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