James Dale Davidson

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 The Sovereign Individual, The Great Reckoning (1991), and Blood in the Streets: Investment Profits in a World Gone Mad (1987). 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 also 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 is also credited with correctly predicting the U.S. Subprime mortgage crisis, though much earlier than it actually occurred. He is also the founder and former head of the National Taxpayers Union. On his website, Davidson is said to be a "famous economist", and although he has written several books on economic analysis, he has not taken any formal university degree in that field.