It isn't what he says, usually. It's the obnoxious, long winded, filled with irrelevant repeated crap, way he says it. Refusing to clarify his statements(even when asked politely), and attacking anyone who dares to ask.
Most people's eyes glaze over half way through his posts, if they don't ignore them completely. It's really a shame he shoots himself in the foot, because although I don't often agree with him, he usually has something valid to add. But sifting through a multi thousand word post to find the points that could be made in a sentence or two, is daunting.
As far as predicting a downturn, when your riding up a roller coaster it's fairly safe to predict a coming down. He didn't envision the hole we are in now though, I don't know anyone that did.
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The descent of man ~ Nixon, Friedman, Reagan, Trump.
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