Hold your hats folks as here are some of the forecasts for 2009 (link): GDP falling by 2.2% Slow recovery in 2010 > 9% unemployment by 2010 Decline in inflation (hmmmm… if monetary policy says anything this will reverse or at least eventually destroy the dollar) Continued decline in housing prices Decline in real consumption [...]
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23 Sep, 2008
Posted by: gauntlett In: Bailout
TURMOIL, FEAR, CRISIS, PANIC, COLLAPSE, SAVING THE ECONOMY, BAILOUT, CONTROL… Notice the progression from left to right. A few bumps in the road lead to an eventual bailout with control obtained due to matters rushed in a state of panic. Do people act rationally when they are paniced? NO Generally, they look for a solution. Someone [...]
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bad debt,
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bush administration,
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speed bumps,
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unemployment rate
I was originally going to write a post about how we always hear about the “New World Economy” prior to any boom / bust period. This time I think the rules have finally changed as the United States is losing if it hasn’t already lost its status as the number one superpower, we are now [...]
GDP cries foul! When the numbers emerged today I was shocked. After my initial amazement sunk in I started to wonder what was “really” going on here… My eighth grade science teacher (yes 8th grade was a long time ago) managed to prove through statistics that I and everyone else in the class didn’t exist. [...]
