Rich Dad’s Demographic Crash Thesis Vs. Mish’s “Pain Trade” Thesis

Author and real estate mogul Robert Kiyosaki, better known as “Rich Dad“, is predicting a stock market crash starting in 2016.

Unlike others who perpetually predict crashes, Kiyosaki made his crash claim in his 2002 book “Rich Dad’s Prophecy”.

Kiyosaki’s most recent prediction is based on demographics. He now says we are “right on schedule” for a 2016 crash.

In a writing career spanning decades, Kiyosaki wrote a series of books, and conducted countless promotions and seminars incorporating the name “Rich Dad”.

In a recent MarketWatch interview, ‘Rich Dad’ Author Says Collapse he Foresaw in 2002 is Coming.