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 much too low, for much too long. According to economist Barry Eichengreen of the University of California at Berkeley andRead more
Category Archives: Predictions-2009
Update to my previous prediciton on the outcome of the 2008 Minnesota Senate Election: CNN Breaking News: Minnesota’s Supreme Court has declared Democrat Al Franken the winner of the state’s disputed U.S. Senate race. (Associated Press) ST. PAUL, Minn. – Al Franken ascended Tuesday from the ranks of former “Saturday Night Live” comedians to an even more exclusive club, outlastingRead more
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 rose to prominence for predicting the global credit crisis, tore down the “green shoots” theory that a rebound is imminent,Read more
June 8, 2009. Note: Bankruptcy filings are apt to exceed the 2005 number eventually, given data like Jobs Contract 17th Straight Month; Unemployment Rate Soars to 9.4%. The USA Today is reporting Bankruptcy filings rise to 6,000 a day as job losses take toll. Last month commercial bankruptcy filings hit 376 a day, up from 255 in May 2008. Hartmarx,Read more
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”?Read more
A note to my prediction made on January 10, 2009: Regardless of the automotive industry bailout General Motors will still declare bankruptcy by the end of 2009. (Jan. 10, 2009) NOTE: According to astrologer Susan Manual, General Motors filed for Chapter 11 bankruptcy early this Monday morning (June 1, 2009 at 7:57:51 AM), in Detroit, Michigan, according to the petitionRead more
This prediction was originally posted on my website http://www.williamstickevers.com on Januray 1, 2009. Minnesota Senate Election 2008 Former Saturday Night Live actor and comedian Al Franken will emerge victorious over Senator Norm Coleman from the protracted Minnesota recount. (Jan. 01, 2009) NOTE (04/10/09): The absentee votes that the three-judge election panel ruled as legal were counted yesterday and Al Franken‘sRead more