Blast From the Past

With the market at new lows, it’s time to recall some predictions. This is from January 2, 2008:

Christian broadcaster Pat Robertson, who has made predicting the future an annual tradition, predicts a recession and a major stock market upheaval are on their way for the United States.
Aside from a recession this year, Robertson suggested Wednesday that Americans will be paying much more for gas at the pump as the price of a barrel of oil rises by 50 percent in the coming months.
Specifically, he said oil would reach $150 a barrel – the price hit $100 on Wednesday – with the dollar continuing to lose value in 2008.
“I also believe the Lord was saying by 2009, maybe 2010, there’s going to be a major stock market crash,” said Robertson, who is a millionaire businessman as well as an evangelical leader.

Not bad. Oil topped out at $147. The stuff about nuclear war? Well, unfortunately, that didn’t pan out.
Still, that’s some pretty good predictioning from Pat. No wonder he came in second in the Iowa caucus.

Posted by on February 20th, 2009 at 1:04 pm


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