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Winning calls by Levy forecasters over decades

Published on NewsOK Modified: July 22, 2014 at 4:55 pm •  Published: July 22, 2014
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It's a forecast so out of the mainstream, it's hard to believe: a U.S. economy in recession next year, triggered by steep downturns abroad. But its author, David Levy, 59, comes from a family of forecasters with a good record of bucking conventional wisdom.

A look at their calls through the decades:

Jerome Levy, grandfather: Anticipated the Great Crash of 1929, sold all his stock and liquidated his wholesale goods business.

Jay Levy, father: Accurately predicted a rapid U.S. economic expansion after World War II when many experts expected another depression.

Leon Levy, uncle: Co-founder of Oppenheimer mutual funds and hedge fund manager who bet against stocks before the dot-com crash in 2000.

David Levy: In late 2005, warned U.S. housing was a bubble set to burst and the country would fall into a deep recession. Two years later, the recession began.