Forecast of collapsing economy, what to think?

[Mylene Bel]

Hi BiggerPockets,

I came across this video (haven't had time to watch it through the end yet): https://youtu.be/oQJRGgTBn6w

The economist James Dale Davidson, who got famous from predicting the subprime crisis among other things, believes that the US economy is about to collapse in 2017 and that real estate will drop 40% in the next...six months!

What do you guys think of this warning? 

For me it seems too spooky to be realistic but apparently that guy was right several times in the past...

I would be curious to know your thoughts ;)