Experts Who Predicted US Economy Crisis See Recovery in 2010

LAS VEGAS, Jan. 14 /PRNewswire/ -- International Institute of Management
(IIM), today announced that its President, Med Yones, was recognized by World
Finance Magazine as "One of the few who predicted the current US economic
crisis before it happened. IIM challenged the US President's State of the
Union Address in January 2007, the Federal Reserve Chairman and the popular
opinion of US economists and media analysts at the time. IIM published a
policy white paper outlining US economic risks and strategies for the next
decade." The paper can be found at
http://www.iim-edu.org/u.s.economyrisks/
Following the publication of the policy paper, Med Yones was quoted in
worldwide media including Reuters, Fox News, Financial Post Canada,
Handelsblatt Germany, Le Point France, China Times, Malaysia Sun, and New
Zealand Herald.
According to Fortune Magazine, the list of prominent experts and business
leaders who missed the signs of the crisis includes Alan Greenspan, former
Federal Reserve Chairman; Ben Bernanke, the current Federal Reserve Chairman;
Hank Paulson, Treasury Secretary; the financial industry analysts of Moody's,
Fitch, Standard & Poor's; Wall Street CEOs including Stan O'Neal, the CEO of
Merrill Lynch; James Cayne, CEO of Bear Stearns; Chuck Prince, CEO of
Citigroup; Zoe Cruz, CEO of Morgan Stanley; and Angelo Mozilo, CEO of
Countrywide Financial.
According to Med Yones, "We warned most of them about 2 years ago, yet no
one was willing to listen until the markets took their first big hit in early
2007. Since that time, the policy paper was viewed more than 250,000 times by
researchers, media analysts, and investors. The 3 most common questions are:
(1) How did we get here? (2) Why did our top experts miss it? (3) When do you
think the economy will recover? The short answers are: (1) Spending on credit
without enough production to pay it back (2) Groupthink mindset, and (3) We'll
experience more volatility in 2009 on the way to the bottom of the correction
cycle. A modest recovery will start in 2010/2011. The more detailed answers
can be found at:
http://www.iim-edu.org/news/topexpertswhopredicteduseconomiccrisis.htm
About IIM
IIM is a management best practices research and education institute.
Government and business leaders leverage IIM's think tank services to help
them develop new strategies to solve complex business problems in a rapidly
changing environment.
About World Finance Magazine
World Finance is a leading global financial magazine, Headquartered in
London, UK.
Reference:
http://www.worldfinance.com/companies/companies/article1013.html

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Med Yones
https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=84648

SOURCE International Institute of Management

International Institute of Management, +1-702-696-8003, media2@iim-edu.org