Reggie Middleton on CNBC StreetSigns Sees 2012 As Reluctant/Manipulated Continuation of Q1 2009

Reggie Middleton's picture


I must admit that I dislike those end of the year predictions of what is to happen in the future. Yes, they generate a lot of page views (manna from heaven in regards to advertising driven blogs and news sites). Yes, they do seem to accomplish the non-stated purpose of driving traffic though to articles. Alas… Practically none of them are of any true value, and BoomBustBlog is a valuation site - thus value is of some recompense. Predicting the future is a fool’s game, and one that I prefer not to engage in. With that being said, I will be appearing on CNBC's Street Signs segment today at approximately 2:30 to offer my outlook for 2012. 


What I see happening is not a prediction of the future, but a rational extrapolation of the past and a keen, objective assessment of the present! After all, this is what I do! I'm a realist, thus it is my mantra to be realitic. In this sense, my realism makes me... different. It sets me apart from the crowd and allows me to be offensively honest.

Appearances on venues such as CNBC is aking to the iconoclastic outcast being called in to shake things up a little. I implore all who are interested to look into my track record, which literally runs circles around the sell side Wall Street crowd, and has accurately anticipated nearly every bust, crash and ding over the last 5 years. i have absolutely no hesitation whatsoever in saying this in public, or in the independent and/or mainstream media. Reference Did Reggie Middleton, a Blogger at BoomBustBlog, Best Wall Streets Best of the Best? and then view this informal Q&A I gave on the subject:

"The bank expects the analyst to support the trading and investment banking operations... generate commissions, fees, manage inventory or creates investment banking business".

Sounds like John Perkins' old job description ; / (Confessions of an Economic Hitman)

As for my actual outlook:

  1. FIRE sector gets burned... For real! 
    1. Finance - This Is Why BoomBustBlog Is THE Place To Go For Hard Hitting Research: BoomBust BNP Paribas?
    2. Insurance - You Can Rest Assured That The Insurance Industry Is In For Guaranteed Losses! and Our Next Forensic Analysis Subject Is In The Insurance Industry
    3. Real Estate, particularly in teh EU and China -  The Real Estate Recession/Depression is Here, Eurocalypse Style, but in the US as well since we never finished the very necessary correction/collapse that was reflated in 2009. Subscribers should reference the CRE downloads that will be available within 24 hours that illustrate the US REITS and CRE companies that we have identified as "At risk".
  2. As clearly predicted in the last quarter of 2009, Another Banking Crisis Is Inevitable? There will be several bank runs, although they may be cleveraly concealed by central banks and governmental authorities. Reference The Anatomy Of A European Bank Run: Look At The Banking Situation BEFORE The Run Occurs! These bank runs will not be confined to the annals of the EU either, reference Yes, The BoomBustBlog Forecast Pan-European Bank Run Has Breached American Soil!!! The US has a greater than 50% chance of seeing additional bank runs, albeit most likely cloaked. Remember, Lehman Brothers, WaMu and Bear Stearns were victims of bank runs, as was MF Global - which many people fail to realize, and it was a highly leveraged bank run to boot - On MF Global, Hyper-Hypothecation That Creates $6b Out $2B And A Central Bank That Couldn't See A Bankruptcy Staring It In The Face. The big name brand banks whom many thought were infallible, actually have many similarities to that of the now bankrupt MF Global, to wit - Goldman, et. al. Suffer From The Same Malady That Collapsed Lehman and MF Global, Worlds 1st and 8th Largest Bankruptcies!
  3. A considerable amount of the intellectual and creative talent that was consumed (and summarily wasted in the bubble due to an excessive amount of US GDP generated by paper shuffling) by the finance industry moves over to more productive and useful areas of the economy, ex. tech, education, biotech, manufacturing, etc.
  4. A strucutural change will occur in the retail sector that will be masked and hidden by the slowdown caused by the global debt turmoil. We have delved into this in last months postings, reference The Chickens Have Finally Come Home To Roost at Sears, wherein general underperformance conceals a very pertinent underlying trend expliclty illustrated in The Greatest Risk To Retail Commercial Is? Sovereign Debt! Macro Headwinds! Popping Bubbles! Busted Banks! No, It's The Internet!
  5. The mobile computing tech race will continue with Google pulling even farther ahead. I was the first to publicly illustrate Google taking the pole position on this one, as far back as the Spring of 2010 - reference The Mobile Computing Wars Are At The Half Time Mark and Google Is Killing Them!
    1. The mobile computing race will congeal around 3 players - Google, Apple, and Microsoft - while ancillary players who used to dominate the industry beg to be taken out to the woodshed! This was clearly forcast over a year ago, providing profitable long and short positions along the way. Reference RIM Gets RAMMED! Again... Remember That Contrarian Call 1st Quarter of 2010?
    2. ... and the gradual realization that Apple is getting outgunned, as one of teh few advisories that correctly predicted an Apple miss last quarter - The Only, and I Mean the Only, Investment/Research House To Warn Of An Apple Miss Is Vindicated!!! 
    3. Google's biggest weakness may show in the propensity for its many rivals to lobby for anti-trust actions in order to slow it down.

For those of you who do not know who I am...

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ebworthen's picture



Great job Reggie.

I could swear I heard the producer yelling "Cut!  He's done!" when you intimated that Goldman Suchs was insolvent just like BOA.

Centauri's picture

Keeping up with the Apple self-congratulatory jerk-off? The stock has gone up every time you forecast doom for Apple. They can't make their products fast enough to meet the insanely high demand.


I guess Reggie will keep promising Apple will fall, and eventually he may be right - I guess 27 wrongs do make a right!

Logiclee03's picture

Weak showing at best....better with the written word! Would like to know if Mandy is hot in person!!!

geno-econ's picture

They all look better with make-up or in playboy print.  Probably a weak showing at best in person

geno-econ's picture

Reggie,  You just blew your chances for a job with  Bank of America .  No doubt you will also get a call from Moynihan, but don't take the call !  On other hand, do take the call from Mandy.  Well done

oddjob's picture

Are you gonna pump that shitty GBI on state television as well?

Irish66's picture

Good a good jab at GS

my puppy for prez's picture

f you support Ron Paul, PLEASE go to and vote in their IN HOUSE poll.  It's right at the top and DOES NOT link you or spam you.  I just voted and after it just shows the results.


prodigious_idea's picture

Eastern time (GMT -5).  Correct?

sunnyside's picture

Roll your sleaves up, tell them all loudly that they know nothing, and then tell Amanda that we need more leg shots on camera if we are to keep watching, or better yet, very smoothly ask her "so, what's it like down under?"



Georgesblog's picture

There's a lot to be said in favor of being a realist. It makes it much easier to state the obvious. For there to be anything to manipulate, someone really has to get paid, and stay paid. This system of revolving debt is far from reality. The paper currency won't cut it, anymore. People who take possession of physical gold and silver at the point of sale, know the difference.

carambar's picture

RM wrote his own and well deserve Epitaph.

Yes, like many people he  foresaw the problems of the last decade. No he has no crystal ball for what is in front of us.

Jim in MN's picture

Congrats on your well-deserved recognition Reggie. 

I agree, nail the insurance angle. 

Maybe mention the 'termination/hit job' on the FASB mark-to-market rulemaking as one of the ultimate examples of corruption contributing to the crisis?  That would have helped the FIRE crew get this behind them, instead of extending in perpetuity (or until bankruptcy, whichever comes first).

Manipulism's picture

Can you also walk on water?

Zero Govt's picture

Good Luck Reggie

remind CNBC of your stand-out accuracy (amongst a bunch of slavish WS pumpers and dumpers) and give them a pumped full of Benny steroid abuse counterfeit wealth 2012 prediction and an imploding debt/credit card prediction (hedge your bets a bit)

you've got a greater grasp of the financial realities than anyone on The Street ..tell it like it is but whicever way it goes you don't expect the futility of the authorities trying to kick the can to change anytime soon ...the US and Euro Govts are locked into 'stupid' when they should be following the lead of Iceland who have 'let the crap hit the wall' and the only capitalist solution (whch has worked fast and clean unlike our slow zombie death) left in the entire Northern Hemisphere 

(expect a commercial break as soon as you mention Iceland)

Bet you $100 you can't mention Iceland 3 times on CNBC before they cut you away to a commercial from another US walking-dead zombie Corp propped up by the US Govt

stocktivity's picture

CNBC will shorten his stint

Zero Govt's picture

Jim Rogers, Peter Schiff and Dr Marc Faber usually get away with calling Ben Bernanke a worthless deranged tosser (or words to that effect!) on CNBC

Schiff, Rogers, Faber and Reggie should have a wager on who can mention Iceland most times in a year on CNBC ...bring back the option of economic death to the deluded propped-up zombie world of sugar coated turd socialism on CNBC ...that'll make the airheaded presenters piss their pants

richard in norway's picture

are there people who dont know who you are?? must be living under rocks!

LasVegasDave's picture

Burn their muthfuckin house down Reg!

Watts_D_Matter's picture

Reggie....can you tell me if Amanda Drury wears a thong?  Thanks!!  :)

Chief KnocAHoma's picture

She is not wearing one because she handed it to me along with her phone number.

I am The Chief

krispkritter's picture

Sure your name isn't 'Chief KnocAHo'?

Seasmoke's picture

dont hold any punches against those 2 mental midgets

jcaz's picture

Excellent- I'd love to see some light shined on the insurance industry- that black hole Ponzi has been begging for some illumination-  start with bullshit annuity programs that haven't been fully funded for 20 yrs........

fonzanoon's picture

jcaz what makes the annuity programs a ponzi? Are you referring to the variable annuities with living benefits? Or immediate/fixed annuities?

CPL's picture

Woo HOO!


Get'em Reggie!

Irish66's picture

I'll be watching, kick ass