15 predictions of the Economy.

x WooZy x · 03-09-2008

Pretty interesting stuff.

Quote:

1) Housing prices and sales will continue to decline. Expect 3 years before the bottom, as a very optimistic best case scenario.

2) Commerical real-estate will suffer a steep decline as well.

3) Consumer demand will drop. Unemployment will rise.

4) The US will go into a recession at best, a depression at worst. Expect first stagflation (high inflation and high unemployment), both because of the increased price of imports and deliberate pump priming by the Fed, then deflation, as asset prices collapse so hard they take everything else with them. The other likely scenario is stagflation followed by hyperinflation. Formal inflation numbers put out will become not just a joke amongst market-watchers, but amongst the actual population. Same thing with unemployment numbers.

5) The Asian economies are not going to "decouple", they are going to have their own financial crises and recessions. Yes, this includes China.

6) China's stock market will collapse some time next year. China will go into a recession. There will be huge amounts of violence and the Chinese government will redirect anger towards the US and Japan.

You would be surprised at how old some of these predictions are(4-6 yrs) but a lot of them have a very good chance of happening soon.

Other 10 predictions here:
http://firedoglake.com/2008/03/08/ho...g-to-play-out/

CORE · 03-09-2008

Quote:

Originally Posted by x WooZy x

Pretty interesting stuff.
You would be surprised at how old some of these predictions are(4-6 yrs) but a lot of them have a very good chance of happening soon.

Other 10 predictions here:
http://firedoglake.com/2008/03/08/ho...g-to-play-out/

4 more predictions.

1) Your parents will go further in debt
2) You will die
3) Your Mom will die
4) The economy will become stable

x WooZy x · 03-09-2008

Quote:

Originally Posted by CORE

4 more predictions.

1) Your parents will go further in debt
2) You will die
3) Your Mom will die
4) The economy will become stable

Who the fuck said my parents were in debt?

EDIT: When i saw that you replied i thought all i was gonna see is "Dont spend your money and you'll be fine" and other useless shit like that.

CORE · 03-09-2008

Quote:

Originally Posted by x WooZy x;blablablaposthereyah

I like studying these kind of things because as I mentioned before, everything is going terribly wrong for my family right now and the upside down economy is having a big effect on it

Rawr.