In 1929, a businessman and
economist by the name of Jerome Levy didn't like what he saw in his
analysis of corporate profits. He sold his stocks before the October
crash.
Almost eight decades
later, the consultancy company that bears his name declared "the next
recession will be caused by the deflating housing bubble." By February
2007, it predicted problems in the subprime-mortgage market would spread
"to virtually all financial markets." In October 2007, it saw imminent
recession -- the slump began two months later. (more)