Subprime mortgage crisis
James Dale Davidson is an American private investor and investment writer, co-writer of the newsletter "Strategic Investment", and co-author with William Rees-Mogg of "Blood in the Streets: Investment Profits in a World Gone Mad" (1987), "The Great Reckoning" (1991), and "The Sovereign Individual" (1997). He also wrote "The Plague of the Black Debt - How to Survive the Coming Depression" in 1993 where he incorrectly predicted that as part of a "deep depression...Clinton is going to be a one-term president...I am as sure of this as I am that the sun will rise tomorrow" and that the national debt would increase by a trillion dollars during Clinton's "one-term" presidency. He further wrote in the book that Boris Yeltsin, President of the Russian Federation, would lose his job and that Russia will come under the control of a nationalist, militarist regime. He has been credited with predicting the U.S. Subprime mortgage crisis, though much earlier than it actually occurred.