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 about our own success. But unfortunately no one else is giving us credit
where credit is due. And so we cannot refrain from saying it as it is.
It is therefore for the sake of the truth and our own well-being that we would like to point out:
For further information on Noah denkt™’s track record and quality control please go 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 about our own success. But unfortunately no one else is giving us credit
where credit is due. And so we cannot refrain from saying it as it is.
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 .(see our commentary: “How can anyone suggest that banks and financials pose a good buying opportunity now?”) |
| that in Oct 2007, we predicted that the flag bearers of private capitalism would have no qualms to accept | |
| support money from the public sector, if circumstances left them with no other choice. (see our commentary “Why are sovereign funds all the rage now?”) |
For further information on Noah denkt™’s track record and quality control please go 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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