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Tag Archives: recession
The Mayan Long Count Calendar was developed around 200 B.C.E. in Izapa, Mexico, using data calculated over hundreds of years. The Mayan Long Count start date according to scholars began on August 11th, 3114 B.C.E and the target end date … Continue reading
Gold rose to a record in London and New York as other commodities gained on speculation demand for raw materials will increase and as investors bought the metal to protect wealth from Europe’s financial turbulence. Get ready folks this is a sign another … Continue reading
Recession Is Over Update: The root of the crisis over the past couple of years wasn’t recession, but debt, which has spread “like a cancer,” according to Nassim Taleb, professor and author of the bestselling book “The Black Swan,” who is now relieved … Continue reading
Recession is Over Update: Regulators on Friday shut down a Nevada bank, raising the number of U.S. bank failures this year to 83. The 83 closures so far this year is more than double the pace set in all of 2009. By this … Continue reading
For more predictions, please visit http://www.williamstickevers.com U.S. Society: Middle Class; Counter Culture Movement Many of the ideals and values embodied in the mid-sixties counter culture movement will make a major a revival and begin to take hold in mainstream society … Continue reading
For more predictions, please visit http://www.williamstickevers.com: U.S. Economy: General China , Russia , India , and the commodity bloc in the Middle East will begin to reject thefiat currency of the U.S. Dollar, buying gold and other precious metals on a large scale as U.S. … Continue reading
Due to ravages of economic crisis there will be over 28 million people unemployed or underemployed by 2010, with nearly 50 million people living in poverty (e.g. a family of 4 with a income of no greater then $22,050) and … Continue reading
It is obvious that the Federal Reserve (the Fed) is largely to blame for the current debt bubble by manipulating the price and supply of money and infusing large amounts of liquidity into the free market while keeping interest rates … Continue reading
NEW YORK (Reuters) – The U.S. economy will not recover until the end of this year, and even then growth will remain meek and vulnerable to higher interest rates and commodity prices, economist Nouriel Roubini said on Tuesday. Roubini, who … Continue reading
According to the Associated Press more than 90 percent of economists predict the U.S. recession will end this year. About 74 percent of economic forecasters expect the recession — which started in December 2007 and is the longest since World War II, to end in the third quarter of 2009. Another 19 percent predict the turning point will come in the final three months of this year, and the remaining 7 percent believe the recession will end in the first quarter of 2010. Even Federal Reserve Chairman Ben Bernanke and NABE forecasters say the recession will end later this year, barring any new shocks to the economy.
However many consumers and investors are skeptical of such optimistic forecast. A Rasmussen Reports telephone survey of 1,500 adults for May 27th state that 79% believe that the U.S. economy in a recession with only 8% stating no, and 14% unsure. Another survey showed that 57% of consumers rated the U.S. economy as poor with fewer than 10% saying it is good, or excellent. Finally the latest Rasmussen Reports survey finds that 58% say the nation is moving down the wrong track.
So the question is “Will the U.S. recession end by the end of the third quarter of 2009 as predicted by most economists”?