Prelude to Meltdown: An interview with Bert Dohmen
By: Clif Droke
Aug 31, 2010
When Bert Dohmen talks, smart investors listen.
In 2007 when most investment analysts and economists were downplaying the developing credit market troubles, Bert warned investors that the probability was very high that the troubles would escalate into full-blown crisis and would produce a crash of historic proportions. He chronicled the developing credit crisis in the pages of his newsletter and also published a book in early 2008, Prelude to Meltdown, which provided his insightful views on the emerging crisis in depth. The book will surely go down as a landmark written by a financial visionary who was several steps ahead of his peers.
Dohmen writes the widely read Wellington Letter investment advisory, which has provided top-notch forecast and analysis of U.S. and global financial and economic trends since January 1977. His newsletter has received many #1 ratings by the top ratings services and has forecasted every bear market using sophisticated technical analysis. Bert also frequently appears as a guest on financial television, including CNN’s Moneyline, CNBC and FOX News. Over the last 30 years he has been a favorite speaker at the largest investment conferences.
On August 27, I spoke with Bert concerning his forecast of the credit crisis, the likelihood of another financial crisis, the bond market “bubble” and the outlook for gold. His answers were as always refreshing and full of insight. Following is a transcript of that interview.
Q: Could you tell us what first attracted you to the financial markets and how you got your start in it?