- This topic has 250 replies, 35 voices, and was last updated 14 years, 2 months ago by
Raybyrnes.
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AuthorPosts
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January 6, 2008 at 6:25 PM #11421
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January 6, 2008 at 6:33 PM #130621
kev374
ParticipantHome prices down 15-18%
Foreclosures reach record highs by Q2-
January 6, 2008 at 8:01 PM #130657
Anonymous
GuestEconomy tanks, housing market continues to slide and Obama wins the Presidency by a landslide. I am a Republican living in Iowa and watched the recent caucuses very closely. Young voters came out in masses to vote for him, and many Republicans I know – especially moderate ones – changed their registrations and voted for Obama. He’s gone from tied w/Hillary to up 10% in one day in New Hampshire, and just wait for South Carolina where 50% of the democratic electorate is black.
The headlines between now and the South Carolina primaries will be the massive shift in the polls of the black vote that will swing to Obama from Hillary there. Prior endorsements aside, if you are black – leader or not – you don’t want to be on the wrong side of history. On the GOP side, who’s going to stop him? At a time when the electorate is fed up with the status quo, fed up with Bush, fed up with Congress, losing their jobs and houses etc. – Obama rides in with youth, vigor, intelligence, charisma and no real specifics other than ‘hope’, ‘change’ and and the ‘dawning of a new tomorrow’.
The specifics will come once he takes office in the form of higher taxes, national healthcare and a radical liberal agenda to placate his base. He has never been in charge of anything in his life other than law review and his own campaign staff, so watching him run the largest, most powerful country on earth and negotiating eye to eye with the likes of Vladimir Putin should be interesting. ‘Hope’, ‘change’ – it is so intoxicating. He sounds just like Martin Luter King (ref his Iowa victory speech), is likable, and the last thing we need is another evangelical elected (ref Iowa coffee house chatter I overheard nearly every day).
And so begins a tsunami shift in political power that will be touted as a new era in politics – a day when the Gen Xers and Millineals grabbed power from the boomers and WWII generation (I can see the headlines already), and also a day when a quarter century of Republican coalitions built around social conservatives, economic conservatives and defense hawks offically collapsed.
As you may have guessed, I’m guessing this will not be a very good year:) To quote a more liberal relative of mine, “You can have all the experience in the world, and still not know how to run the White House.” Faulty logic – but one that I believe will deliver the Presidency to Obama.
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January 6, 2008 at 8:35 PM #130671
Tuba
ParticipantGreat piece Juice!
I am a Gen Xr and I am an Independent. I was going to vote for Giuliani when it looked almost certain that Hillary was going to be the Democratic nominee. But, you can’t compete with “Obama rides in with youth, vigor, intelligence, charisma and no real specifics other than ‘hope’, ‘change’ and and the ‘dawning of a new tomorrow’.” I believe Giuliani is a take charge and get things done kind of guy, but Obama has peaked my interest with what you wrote. It will be a tough decision when it comes down to November, if your prediction is correct.
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January 6, 2008 at 8:35 PM #130849
Tuba
ParticipantGreat piece Juice!
I am a Gen Xr and I am an Independent. I was going to vote for Giuliani when it looked almost certain that Hillary was going to be the Democratic nominee. But, you can’t compete with “Obama rides in with youth, vigor, intelligence, charisma and no real specifics other than ‘hope’, ‘change’ and and the ‘dawning of a new tomorrow’.” I believe Giuliani is a take charge and get things done kind of guy, but Obama has peaked my interest with what you wrote. It will be a tough decision when it comes down to November, if your prediction is correct.
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January 6, 2008 at 8:35 PM #130856
Tuba
ParticipantGreat piece Juice!
I am a Gen Xr and I am an Independent. I was going to vote for Giuliani when it looked almost certain that Hillary was going to be the Democratic nominee. But, you can’t compete with “Obama rides in with youth, vigor, intelligence, charisma and no real specifics other than ‘hope’, ‘change’ and and the ‘dawning of a new tomorrow’.” I believe Giuliani is a take charge and get things done kind of guy, but Obama has peaked my interest with what you wrote. It will be a tough decision when it comes down to November, if your prediction is correct.
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January 6, 2008 at 8:35 PM #130918
Tuba
ParticipantGreat piece Juice!
I am a Gen Xr and I am an Independent. I was going to vote for Giuliani when it looked almost certain that Hillary was going to be the Democratic nominee. But, you can’t compete with “Obama rides in with youth, vigor, intelligence, charisma and no real specifics other than ‘hope’, ‘change’ and and the ‘dawning of a new tomorrow’.” I believe Giuliani is a take charge and get things done kind of guy, but Obama has peaked my interest with what you wrote. It will be a tough decision when it comes down to November, if your prediction is correct.
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January 6, 2008 at 8:35 PM #130952
Tuba
ParticipantGreat piece Juice!
I am a Gen Xr and I am an Independent. I was going to vote for Giuliani when it looked almost certain that Hillary was going to be the Democratic nominee. But, you can’t compete with “Obama rides in with youth, vigor, intelligence, charisma and no real specifics other than ‘hope’, ‘change’ and and the ‘dawning of a new tomorrow’.” I believe Giuliani is a take charge and get things done kind of guy, but Obama has peaked my interest with what you wrote. It will be a tough decision when it comes down to November, if your prediction is correct.
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January 6, 2008 at 8:37 PM #130677
bubba99
Participant” “You can have all the experience in the world, and still not know how to run the White House.” Faulty logic – but one that I believe will deliver the Presidency to Obama.
Not sure the logic is faulty. The learned, experienced leaders in Washington have started an un-endable war in the mid-east, led us to a housing disaster, let the dollar fall to new lows, while the American worker is losing jobs and wages to overseas global companies. The potential for their lax regulation of financial markets to lead us into a new depression has never been greater – how much derivative action does an efficient market need to hedge prudent transactions? The FDA and EPA have been gutted. Border security is a joke. Health is beyond 40% of Americans.
Short of leading us into WW3, how could an in-experienced leader do much worse?
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January 6, 2008 at 8:37 PM #130854
bubba99
Participant” “You can have all the experience in the world, and still not know how to run the White House.” Faulty logic – but one that I believe will deliver the Presidency to Obama.
Not sure the logic is faulty. The learned, experienced leaders in Washington have started an un-endable war in the mid-east, led us to a housing disaster, let the dollar fall to new lows, while the American worker is losing jobs and wages to overseas global companies. The potential for their lax regulation of financial markets to lead us into a new depression has never been greater – how much derivative action does an efficient market need to hedge prudent transactions? The FDA and EPA have been gutted. Border security is a joke. Health is beyond 40% of Americans.
Short of leading us into WW3, how could an in-experienced leader do much worse?
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January 6, 2008 at 8:37 PM #130861
bubba99
Participant” “You can have all the experience in the world, and still not know how to run the White House.” Faulty logic – but one that I believe will deliver the Presidency to Obama.
Not sure the logic is faulty. The learned, experienced leaders in Washington have started an un-endable war in the mid-east, led us to a housing disaster, let the dollar fall to new lows, while the American worker is losing jobs and wages to overseas global companies. The potential for their lax regulation of financial markets to lead us into a new depression has never been greater – how much derivative action does an efficient market need to hedge prudent transactions? The FDA and EPA have been gutted. Border security is a joke. Health is beyond 40% of Americans.
Short of leading us into WW3, how could an in-experienced leader do much worse?
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January 6, 2008 at 8:37 PM #130923
bubba99
Participant” “You can have all the experience in the world, and still not know how to run the White House.” Faulty logic – but one that I believe will deliver the Presidency to Obama.
Not sure the logic is faulty. The learned, experienced leaders in Washington have started an un-endable war in the mid-east, led us to a housing disaster, let the dollar fall to new lows, while the American worker is losing jobs and wages to overseas global companies. The potential for their lax regulation of financial markets to lead us into a new depression has never been greater – how much derivative action does an efficient market need to hedge prudent transactions? The FDA and EPA have been gutted. Border security is a joke. Health is beyond 40% of Americans.
Short of leading us into WW3, how could an in-experienced leader do much worse?
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January 6, 2008 at 8:37 PM #130957
bubba99
Participant” “You can have all the experience in the world, and still not know how to run the White House.” Faulty logic – but one that I believe will deliver the Presidency to Obama.
Not sure the logic is faulty. The learned, experienced leaders in Washington have started an un-endable war in the mid-east, led us to a housing disaster, let the dollar fall to new lows, while the American worker is losing jobs and wages to overseas global companies. The potential for their lax regulation of financial markets to lead us into a new depression has never been greater – how much derivative action does an efficient market need to hedge prudent transactions? The FDA and EPA have been gutted. Border security is a joke. Health is beyond 40% of Americans.
Short of leading us into WW3, how could an in-experienced leader do much worse?
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January 6, 2008 at 8:41 PM #130682
stansd
ParticipantSan Diego Housing Market drops 15%.
Fed lowers interest rates to 3% by year end.
Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
The Euro hits $1.45, the Yen hits 100/$, and gas goes over $4.00 per gallon.
Stock Market Drops 20% from 2007 End.
John McCain beats Obama in the national election as republicans flock to him in masse, and Obama’s inexperience pulls enough independents into the McCain camp. If Bloomberg enters a three way race, Obama wins.
Foreclosures skyrocket, social acceptability of walking jingle mail is cemented, and banks start to voluntarily write loans down and freeze interest rates rather than foreclose.
Unemployment hits 6%, and $50K in the bank becomes as fashionable as a hummer was 2 years ago.
Stan
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January 6, 2008 at 8:54 PM #130692
sdrealtor
ParticipantMy prediction is that someone else starts a thread asking for people’s predictions by the end of February.
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January 6, 2008 at 8:58 PM #130700
lendingbubblecontinues
ParticipantI predict my landlord loses one of their houses in foreclosure.
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January 6, 2008 at 8:58 PM #130879
lendingbubblecontinues
ParticipantI predict my landlord loses one of their houses in foreclosure.
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January 6, 2008 at 8:58 PM #130887
lendingbubblecontinues
ParticipantI predict my landlord loses one of their houses in foreclosure.
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January 6, 2008 at 8:58 PM #130948
lendingbubblecontinues
ParticipantI predict my landlord loses one of their houses in foreclosure.
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January 6, 2008 at 8:58 PM #130982
lendingbubblecontinues
ParticipantI predict my landlord loses one of their houses in foreclosure.
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January 6, 2008 at 8:54 PM #130869
sdrealtor
ParticipantMy prediction is that someone else starts a thread asking for people’s predictions by the end of February.
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January 6, 2008 at 8:54 PM #130876
sdrealtor
ParticipantMy prediction is that someone else starts a thread asking for people’s predictions by the end of February.
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January 6, 2008 at 8:54 PM #130938
sdrealtor
ParticipantMy prediction is that someone else starts a thread asking for people’s predictions by the end of February.
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January 6, 2008 at 8:54 PM #130972
sdrealtor
ParticipantMy prediction is that someone else starts a thread asking for people’s predictions by the end of February.
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January 6, 2008 at 9:09 PM #130710
kev374
ParticipantFed lowers interest rates to 3% by year end.
Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
I agree with this. I think Fed will cut interest rates, like it or not!! Runaway inflation is too scary but what are we going to do about it? I feel so sorry for the middle class in this country that is literally being raped by this government and it’s fiscal policies!!
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January 6, 2008 at 9:56 PM #130730
jimklinge
Participant30-year fixed rates under 5.25% for conforming loans by May 1st.
Jim the Realtor
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January 6, 2008 at 9:56 PM #130909
jimklinge
Participant30-year fixed rates under 5.25% for conforming loans by May 1st.
Jim the Realtor
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January 6, 2008 at 9:56 PM #130916
jimklinge
Participant30-year fixed rates under 5.25% for conforming loans by May 1st.
Jim the Realtor
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January 6, 2008 at 9:56 PM #130977
jimklinge
Participant30-year fixed rates under 5.25% for conforming loans by May 1st.
Jim the Realtor
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January 6, 2008 at 9:56 PM #131013
jimklinge
Participant30-year fixed rates under 5.25% for conforming loans by May 1st.
Jim the Realtor
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January 6, 2008 at 9:09 PM #130889
kev374
ParticipantFed lowers interest rates to 3% by year end.
Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
I agree with this. I think Fed will cut interest rates, like it or not!! Runaway inflation is too scary but what are we going to do about it? I feel so sorry for the middle class in this country that is literally being raped by this government and it’s fiscal policies!!
-
January 6, 2008 at 9:09 PM #130896
kev374
ParticipantFed lowers interest rates to 3% by year end.
Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
I agree with this. I think Fed will cut interest rates, like it or not!! Runaway inflation is too scary but what are we going to do about it? I feel so sorry for the middle class in this country that is literally being raped by this government and it’s fiscal policies!!
-
January 6, 2008 at 9:09 PM #130958
kev374
ParticipantFed lowers interest rates to 3% by year end.
Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
I agree with this. I think Fed will cut interest rates, like it or not!! Runaway inflation is too scary but what are we going to do about it? I feel so sorry for the middle class in this country that is literally being raped by this government and it’s fiscal policies!!
-
January 6, 2008 at 9:09 PM #130992
kev374
ParticipantFed lowers interest rates to 3% by year end.
Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
I agree with this. I think Fed will cut interest rates, like it or not!! Runaway inflation is too scary but what are we going to do about it? I feel so sorry for the middle class in this country that is literally being raped by this government and it’s fiscal policies!!
-
January 7, 2008 at 10:44 AM #130900
snail
Participantstansd wrote “The Euro hits $1.45, the Yen hits 100/$, and gas goes over $4.00 per gallon”
Its not a prediction if these already the rate:
Euro is 1.46 already, Yen 109…. and I just don’t remember paying 4.00/gallon for gas but probably that’s already happened too. Come on Stan….get with program, would you. -
January 7, 2008 at 4:24 PM #131114
stansd
ParticipantIts not a prediction if already the rate:
Snail: Start by constructing a sentence that has all of the necessary parts of speech.
Many on this board think the Euro will advance further, so a Euro that holds is a prediction. If you don’t think a 8% change in purchasing power on the yen or a 20-30% change in the price of gas are predictions, then you need to check your head.
If you want to be a wise-ass, put your own predictions up for others to scrutinize.
Stan
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January 7, 2008 at 5:07 PM #131149
Bugs
ParticipantI’m thinking 2008 will bring a solid 10%-12% decline in average values, sales volumes will drop to their lowest levels in 20 years, and standing inventories of must-sell listings will increase to historical highs.
I’m also predicting that I’ll spend most of 2008 in a constant state of nausea as a result of overabundance of political pheremones that will contaminate our environment.
As far as I’m concerned, our nation deserves the government it elects. Those of you who are so inclined are welcome to interpret that comment however you wish.
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January 7, 2008 at 5:07 PM #131329
Bugs
ParticipantI’m thinking 2008 will bring a solid 10%-12% decline in average values, sales volumes will drop to their lowest levels in 20 years, and standing inventories of must-sell listings will increase to historical highs.
I’m also predicting that I’ll spend most of 2008 in a constant state of nausea as a result of overabundance of political pheremones that will contaminate our environment.
As far as I’m concerned, our nation deserves the government it elects. Those of you who are so inclined are welcome to interpret that comment however you wish.
-
January 7, 2008 at 5:07 PM #131336
Bugs
ParticipantI’m thinking 2008 will bring a solid 10%-12% decline in average values, sales volumes will drop to their lowest levels in 20 years, and standing inventories of must-sell listings will increase to historical highs.
I’m also predicting that I’ll spend most of 2008 in a constant state of nausea as a result of overabundance of political pheremones that will contaminate our environment.
As far as I’m concerned, our nation deserves the government it elects. Those of you who are so inclined are welcome to interpret that comment however you wish.
-
January 7, 2008 at 5:07 PM #131400
Bugs
ParticipantI’m thinking 2008 will bring a solid 10%-12% decline in average values, sales volumes will drop to their lowest levels in 20 years, and standing inventories of must-sell listings will increase to historical highs.
I’m also predicting that I’ll spend most of 2008 in a constant state of nausea as a result of overabundance of political pheremones that will contaminate our environment.
As far as I’m concerned, our nation deserves the government it elects. Those of you who are so inclined are welcome to interpret that comment however you wish.
-
January 7, 2008 at 5:07 PM #131434
Bugs
ParticipantI’m thinking 2008 will bring a solid 10%-12% decline in average values, sales volumes will drop to their lowest levels in 20 years, and standing inventories of must-sell listings will increase to historical highs.
I’m also predicting that I’ll spend most of 2008 in a constant state of nausea as a result of overabundance of political pheremones that will contaminate our environment.
As far as I’m concerned, our nation deserves the government it elects. Those of you who are so inclined are welcome to interpret that comment however you wish.
-
January 8, 2008 at 7:29 AM #131541
snail
ParticipantStan,
I pass, as I sound like Pat Robertson when I make predictions.
Curious why you think the Euro not going to advance further, do you think there will be intervention by the European Union or that the european economy would more be affected by the US slowdown (compared to the Japanese, asian market in general) -
January 8, 2008 at 9:57 PM #132346
stansd
ParticipantIt’s based on some reading I did several months ago on purchasing power parity. Reading also tells me European monetary policy has more room to loosen than tighten given my view of the macroeconomy. Japanese policy reamins pretty loose.
Stan
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January 8, 2008 at 9:57 PM #132530
stansd
ParticipantIt’s based on some reading I did several months ago on purchasing power parity. Reading also tells me European monetary policy has more room to loosen than tighten given my view of the macroeconomy. Japanese policy reamins pretty loose.
Stan
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January 8, 2008 at 9:57 PM #132536
stansd
ParticipantIt’s based on some reading I did several months ago on purchasing power parity. Reading also tells me European monetary policy has more room to loosen than tighten given my view of the macroeconomy. Japanese policy reamins pretty loose.
Stan
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January 8, 2008 at 9:57 PM #132598
stansd
ParticipantIt’s based on some reading I did several months ago on purchasing power parity. Reading also tells me European monetary policy has more room to loosen than tighten given my view of the macroeconomy. Japanese policy reamins pretty loose.
Stan
-
January 8, 2008 at 9:57 PM #132634
stansd
ParticipantIt’s based on some reading I did several months ago on purchasing power parity. Reading also tells me European monetary policy has more room to loosen than tighten given my view of the macroeconomy. Japanese policy reamins pretty loose.
Stan
-
January 8, 2008 at 7:29 AM #131722
snail
ParticipantStan,
I pass, as I sound like Pat Robertson when I make predictions.
Curious why you think the Euro not going to advance further, do you think there will be intervention by the European Union or that the european economy would more be affected by the US slowdown (compared to the Japanese, asian market in general) -
January 8, 2008 at 7:29 AM #131732
snail
ParticipantStan,
I pass, as I sound like Pat Robertson when I make predictions.
Curious why you think the Euro not going to advance further, do you think there will be intervention by the European Union or that the european economy would more be affected by the US slowdown (compared to the Japanese, asian market in general) -
January 8, 2008 at 7:29 AM #131792
snail
ParticipantStan,
I pass, as I sound like Pat Robertson when I make predictions.
Curious why you think the Euro not going to advance further, do you think there will be intervention by the European Union or that the european economy would more be affected by the US slowdown (compared to the Japanese, asian market in general) -
January 8, 2008 at 7:29 AM #131829
snail
ParticipantStan,
I pass, as I sound like Pat Robertson when I make predictions.
Curious why you think the Euro not going to advance further, do you think there will be intervention by the European Union or that the european economy would more be affected by the US slowdown (compared to the Japanese, asian market in general) -
January 7, 2008 at 4:24 PM #131294
stansd
ParticipantIts not a prediction if already the rate:
Snail: Start by constructing a sentence that has all of the necessary parts of speech.
Many on this board think the Euro will advance further, so a Euro that holds is a prediction. If you don’t think a 8% change in purchasing power on the yen or a 20-30% change in the price of gas are predictions, then you need to check your head.
If you want to be a wise-ass, put your own predictions up for others to scrutinize.
Stan
-
January 7, 2008 at 4:24 PM #131301
stansd
ParticipantIts not a prediction if already the rate:
Snail: Start by constructing a sentence that has all of the necessary parts of speech.
Many on this board think the Euro will advance further, so a Euro that holds is a prediction. If you don’t think a 8% change in purchasing power on the yen or a 20-30% change in the price of gas are predictions, then you need to check your head.
If you want to be a wise-ass, put your own predictions up for others to scrutinize.
Stan
-
January 7, 2008 at 4:24 PM #131363
stansd
ParticipantIts not a prediction if already the rate:
Snail: Start by constructing a sentence that has all of the necessary parts of speech.
Many on this board think the Euro will advance further, so a Euro that holds is a prediction. If you don’t think a 8% change in purchasing power on the yen or a 20-30% change in the price of gas are predictions, then you need to check your head.
If you want to be a wise-ass, put your own predictions up for others to scrutinize.
Stan
-
January 7, 2008 at 4:24 PM #131399
stansd
ParticipantIts not a prediction if already the rate:
Snail: Start by constructing a sentence that has all of the necessary parts of speech.
Many on this board think the Euro will advance further, so a Euro that holds is a prediction. If you don’t think a 8% change in purchasing power on the yen or a 20-30% change in the price of gas are predictions, then you need to check your head.
If you want to be a wise-ass, put your own predictions up for others to scrutinize.
Stan
-
January 7, 2008 at 10:44 AM #131080
snail
Participantstansd wrote “The Euro hits $1.45, the Yen hits 100/$, and gas goes over $4.00 per gallon”
Its not a prediction if these already the rate:
Euro is 1.46 already, Yen 109…. and I just don’t remember paying 4.00/gallon for gas but probably that’s already happened too. Come on Stan….get with program, would you. -
January 7, 2008 at 10:44 AM #131086
snail
Participantstansd wrote “The Euro hits $1.45, the Yen hits 100/$, and gas goes over $4.00 per gallon”
Its not a prediction if these already the rate:
Euro is 1.46 already, Yen 109…. and I just don’t remember paying 4.00/gallon for gas but probably that’s already happened too. Come on Stan….get with program, would you. -
January 7, 2008 at 10:44 AM #131148
snail
Participantstansd wrote “The Euro hits $1.45, the Yen hits 100/$, and gas goes over $4.00 per gallon”
Its not a prediction if these already the rate:
Euro is 1.46 already, Yen 109…. and I just don’t remember paying 4.00/gallon for gas but probably that’s already happened too. Come on Stan….get with program, would you. -
January 7, 2008 at 10:44 AM #131182
snail
Participantstansd wrote “The Euro hits $1.45, the Yen hits 100/$, and gas goes over $4.00 per gallon”
Its not a prediction if these already the rate:
Euro is 1.46 already, Yen 109…. and I just don’t remember paying 4.00/gallon for gas but probably that’s already happened too. Come on Stan….get with program, would you. -
January 6, 2008 at 8:41 PM #130859
stansd
ParticipantSan Diego Housing Market drops 15%.
Fed lowers interest rates to 3% by year end.
Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
The Euro hits $1.45, the Yen hits 100/$, and gas goes over $4.00 per gallon.
Stock Market Drops 20% from 2007 End.
John McCain beats Obama in the national election as republicans flock to him in masse, and Obama’s inexperience pulls enough independents into the McCain camp. If Bloomberg enters a three way race, Obama wins.
Foreclosures skyrocket, social acceptability of walking jingle mail is cemented, and banks start to voluntarily write loans down and freeze interest rates rather than foreclose.
Unemployment hits 6%, and $50K in the bank becomes as fashionable as a hummer was 2 years ago.
Stan
-
January 6, 2008 at 8:41 PM #130866
stansd
ParticipantSan Diego Housing Market drops 15%.
Fed lowers interest rates to 3% by year end.
Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
The Euro hits $1.45, the Yen hits 100/$, and gas goes over $4.00 per gallon.
Stock Market Drops 20% from 2007 End.
John McCain beats Obama in the national election as republicans flock to him in masse, and Obama’s inexperience pulls enough independents into the McCain camp. If Bloomberg enters a three way race, Obama wins.
Foreclosures skyrocket, social acceptability of walking jingle mail is cemented, and banks start to voluntarily write loans down and freeze interest rates rather than foreclose.
Unemployment hits 6%, and $50K in the bank becomes as fashionable as a hummer was 2 years ago.
Stan
-
January 6, 2008 at 8:41 PM #130928
stansd
ParticipantSan Diego Housing Market drops 15%.
Fed lowers interest rates to 3% by year end.
Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
The Euro hits $1.45, the Yen hits 100/$, and gas goes over $4.00 per gallon.
Stock Market Drops 20% from 2007 End.
John McCain beats Obama in the national election as republicans flock to him in masse, and Obama’s inexperience pulls enough independents into the McCain camp. If Bloomberg enters a three way race, Obama wins.
Foreclosures skyrocket, social acceptability of walking jingle mail is cemented, and banks start to voluntarily write loans down and freeze interest rates rather than foreclose.
Unemployment hits 6%, and $50K in the bank becomes as fashionable as a hummer was 2 years ago.
Stan
-
January 6, 2008 at 8:41 PM #130962
stansd
ParticipantSan Diego Housing Market drops 15%.
Fed lowers interest rates to 3% by year end.
Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
The Euro hits $1.45, the Yen hits 100/$, and gas goes over $4.00 per gallon.
Stock Market Drops 20% from 2007 End.
John McCain beats Obama in the national election as republicans flock to him in masse, and Obama’s inexperience pulls enough independents into the McCain camp. If Bloomberg enters a three way race, Obama wins.
Foreclosures skyrocket, social acceptability of walking jingle mail is cemented, and banks start to voluntarily write loans down and freeze interest rates rather than foreclose.
Unemployment hits 6%, and $50K in the bank becomes as fashionable as a hummer was 2 years ago.
Stan
-
January 8, 2008 at 2:30 PM #131870
Anonymous
GuestNice post, I concur with most everything you said, but…
“He has never been in charge of anything in his life other than law review and his own campaign staff, so watching him run the largest, most powerful country on earth and negotiating eye to eye with the likes of Vladimir Putin should be interesting.”
Are you referring to Bush, the worst, most corrupt, incapable, most unintelligent president ever here. I would say Obama is much, much better than that. Bush led Texas to last place in education, healthcare. Worst president for environmental policies. Biggest administration EVER, going against the Republicans own platform for fiscal responsibility. Biggest deficit EVER, from a surplus.
Why do we forget certain things are remember certain things, but we let our emotions control our logic?
I just don’t get it.
K
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January 8, 2008 at 8:32 PM #132266
gold_dredger_phd
ParticipantPolitics is about wish fulfillment. Tell people anything they want to hear and if you are likable, you will get elected. Tell them that they can have their cake and eat their neighbors’ too. Just say, “Hope”, “Change”, “Prosperity” and see which is a hit with the focus groups.
Carter was the worst president in recent history. Worst in the sense that he spared no opportunity to betray the interests of America every chance he got. A ten-part special in the Investor’s Business Daily was done just to review all of his errors.
Profile in Incompetence:
http://www.ibdeditorials.com/Special3.aspxCarter was an idiotic, phoney, inexperienced, mean-spirited, treasonous anti-American politician if there ever was one. His behavior since has been treasonous.
-
January 8, 2008 at 9:55 PM #132336
bubba99
ParticipantWow,
Dare to speak out against Bush and bam – your the worst president in history.
Blamed for everything from USSR invading Afganistan, to the Shaws inevetable fall in IRAN.
You forgot to blame Carter for the War in Iran, an completely unregulated wall street, India and Pakistan getting the bomb, oh yea, and the lack of a southern border.
Carter may have been the only honorable man in the Presidency since JFK
-
January 8, 2008 at 9:55 PM #132520
bubba99
ParticipantWow,
Dare to speak out against Bush and bam – your the worst president in history.
Blamed for everything from USSR invading Afganistan, to the Shaws inevetable fall in IRAN.
You forgot to blame Carter for the War in Iran, an completely unregulated wall street, India and Pakistan getting the bomb, oh yea, and the lack of a southern border.
Carter may have been the only honorable man in the Presidency since JFK
-
January 8, 2008 at 9:55 PM #132526
bubba99
ParticipantWow,
Dare to speak out against Bush and bam – your the worst president in history.
Blamed for everything from USSR invading Afganistan, to the Shaws inevetable fall in IRAN.
You forgot to blame Carter for the War in Iran, an completely unregulated wall street, India and Pakistan getting the bomb, oh yea, and the lack of a southern border.
Carter may have been the only honorable man in the Presidency since JFK
-
January 8, 2008 at 9:55 PM #132588
bubba99
ParticipantWow,
Dare to speak out against Bush and bam – your the worst president in history.
Blamed for everything from USSR invading Afganistan, to the Shaws inevetable fall in IRAN.
You forgot to blame Carter for the War in Iran, an completely unregulated wall street, India and Pakistan getting the bomb, oh yea, and the lack of a southern border.
Carter may have been the only honorable man in the Presidency since JFK
-
January 8, 2008 at 9:55 PM #132624
bubba99
ParticipantWow,
Dare to speak out against Bush and bam – your the worst president in history.
Blamed for everything from USSR invading Afganistan, to the Shaws inevetable fall in IRAN.
You forgot to blame Carter for the War in Iran, an completely unregulated wall street, India and Pakistan getting the bomb, oh yea, and the lack of a southern border.
Carter may have been the only honorable man in the Presidency since JFK
-
January 21, 2008 at 5:21 PM #140051
Anonymous
GuestIf I hear John Edwards mention the mill once more I am going to puke…watching debate now….
-
January 21, 2008 at 5:21 PM #140267
Anonymous
GuestIf I hear John Edwards mention the mill once more I am going to puke…watching debate now….
-
January 21, 2008 at 5:21 PM #140290
Anonymous
GuestIf I hear John Edwards mention the mill once more I am going to puke…watching debate now….
-
January 21, 2008 at 5:21 PM #140316
Anonymous
GuestIf I hear John Edwards mention the mill once more I am going to puke…watching debate now….
-
January 21, 2008 at 5:21 PM #140362
Anonymous
GuestIf I hear John Edwards mention the mill once more I am going to puke…watching debate now….
-
January 8, 2008 at 8:32 PM #132450
gold_dredger_phd
ParticipantPolitics is about wish fulfillment. Tell people anything they want to hear and if you are likable, you will get elected. Tell them that they can have their cake and eat their neighbors’ too. Just say, “Hope”, “Change”, “Prosperity” and see which is a hit with the focus groups.
Carter was the worst president in recent history. Worst in the sense that he spared no opportunity to betray the interests of America every chance he got. A ten-part special in the Investor’s Business Daily was done just to review all of his errors.
Profile in Incompetence:
http://www.ibdeditorials.com/Special3.aspxCarter was an idiotic, phoney, inexperienced, mean-spirited, treasonous anti-American politician if there ever was one. His behavior since has been treasonous.
-
January 8, 2008 at 8:32 PM #132456
gold_dredger_phd
ParticipantPolitics is about wish fulfillment. Tell people anything they want to hear and if you are likable, you will get elected. Tell them that they can have their cake and eat their neighbors’ too. Just say, “Hope”, “Change”, “Prosperity” and see which is a hit with the focus groups.
Carter was the worst president in recent history. Worst in the sense that he spared no opportunity to betray the interests of America every chance he got. A ten-part special in the Investor’s Business Daily was done just to review all of his errors.
Profile in Incompetence:
http://www.ibdeditorials.com/Special3.aspxCarter was an idiotic, phoney, inexperienced, mean-spirited, treasonous anti-American politician if there ever was one. His behavior since has been treasonous.
-
January 8, 2008 at 8:32 PM #132518
gold_dredger_phd
ParticipantPolitics is about wish fulfillment. Tell people anything they want to hear and if you are likable, you will get elected. Tell them that they can have their cake and eat their neighbors’ too. Just say, “Hope”, “Change”, “Prosperity” and see which is a hit with the focus groups.
Carter was the worst president in recent history. Worst in the sense that he spared no opportunity to betray the interests of America every chance he got. A ten-part special in the Investor’s Business Daily was done just to review all of his errors.
Profile in Incompetence:
http://www.ibdeditorials.com/Special3.aspxCarter was an idiotic, phoney, inexperienced, mean-spirited, treasonous anti-American politician if there ever was one. His behavior since has been treasonous.
-
January 8, 2008 at 8:32 PM #132554
gold_dredger_phd
ParticipantPolitics is about wish fulfillment. Tell people anything they want to hear and if you are likable, you will get elected. Tell them that they can have their cake and eat their neighbors’ too. Just say, “Hope”, “Change”, “Prosperity” and see which is a hit with the focus groups.
Carter was the worst president in recent history. Worst in the sense that he spared no opportunity to betray the interests of America every chance he got. A ten-part special in the Investor’s Business Daily was done just to review all of his errors.
Profile in Incompetence:
http://www.ibdeditorials.com/Special3.aspxCarter was an idiotic, phoney, inexperienced, mean-spirited, treasonous anti-American politician if there ever was one. His behavior since has been treasonous.
-
January 8, 2008 at 2:30 PM #132047
Anonymous
GuestNice post, I concur with most everything you said, but…
“He has never been in charge of anything in his life other than law review and his own campaign staff, so watching him run the largest, most powerful country on earth and negotiating eye to eye with the likes of Vladimir Putin should be interesting.”
Are you referring to Bush, the worst, most corrupt, incapable, most unintelligent president ever here. I would say Obama is much, much better than that. Bush led Texas to last place in education, healthcare. Worst president for environmental policies. Biggest administration EVER, going against the Republicans own platform for fiscal responsibility. Biggest deficit EVER, from a surplus.
Why do we forget certain things are remember certain things, but we let our emotions control our logic?
I just don’t get it.
K
-
January 8, 2008 at 2:30 PM #132058
Anonymous
GuestNice post, I concur with most everything you said, but…
“He has never been in charge of anything in his life other than law review and his own campaign staff, so watching him run the largest, most powerful country on earth and negotiating eye to eye with the likes of Vladimir Putin should be interesting.”
Are you referring to Bush, the worst, most corrupt, incapable, most unintelligent president ever here. I would say Obama is much, much better than that. Bush led Texas to last place in education, healthcare. Worst president for environmental policies. Biggest administration EVER, going against the Republicans own platform for fiscal responsibility. Biggest deficit EVER, from a surplus.
Why do we forget certain things are remember certain things, but we let our emotions control our logic?
I just don’t get it.
K
-
January 8, 2008 at 2:30 PM #132117
Anonymous
GuestNice post, I concur with most everything you said, but…
“He has never been in charge of anything in his life other than law review and his own campaign staff, so watching him run the largest, most powerful country on earth and negotiating eye to eye with the likes of Vladimir Putin should be interesting.”
Are you referring to Bush, the worst, most corrupt, incapable, most unintelligent president ever here. I would say Obama is much, much better than that. Bush led Texas to last place in education, healthcare. Worst president for environmental policies. Biggest administration EVER, going against the Republicans own platform for fiscal responsibility. Biggest deficit EVER, from a surplus.
Why do we forget certain things are remember certain things, but we let our emotions control our logic?
I just don’t get it.
K
-
January 8, 2008 at 2:30 PM #132154
Anonymous
GuestNice post, I concur with most everything you said, but…
“He has never been in charge of anything in his life other than law review and his own campaign staff, so watching him run the largest, most powerful country on earth and negotiating eye to eye with the likes of Vladimir Putin should be interesting.”
Are you referring to Bush, the worst, most corrupt, incapable, most unintelligent president ever here. I would say Obama is much, much better than that. Bush led Texas to last place in education, healthcare. Worst president for environmental policies. Biggest administration EVER, going against the Republicans own platform for fiscal responsibility. Biggest deficit EVER, from a surplus.
Why do we forget certain things are remember certain things, but we let our emotions control our logic?
I just don’t get it.
K
-
-
January 6, 2008 at 8:01 PM #130834
Anonymous
GuestEconomy tanks, housing market continues to slide and Obama wins the Presidency by a landslide. I am a Republican living in Iowa and watched the recent caucuses very closely. Young voters came out in masses to vote for him, and many Republicans I know – especially moderate ones – changed their registrations and voted for Obama. He’s gone from tied w/Hillary to up 10% in one day in New Hampshire, and just wait for South Carolina where 50% of the democratic electorate is black.
The headlines between now and the South Carolina primaries will be the massive shift in the polls of the black vote that will swing to Obama from Hillary there. Prior endorsements aside, if you are black – leader or not – you don’t want to be on the wrong side of history. On the GOP side, who’s going to stop him? At a time when the electorate is fed up with the status quo, fed up with Bush, fed up with Congress, losing their jobs and houses etc. – Obama rides in with youth, vigor, intelligence, charisma and no real specifics other than ‘hope’, ‘change’ and and the ‘dawning of a new tomorrow’.
The specifics will come once he takes office in the form of higher taxes, national healthcare and a radical liberal agenda to placate his base. He has never been in charge of anything in his life other than law review and his own campaign staff, so watching him run the largest, most powerful country on earth and negotiating eye to eye with the likes of Vladimir Putin should be interesting. ‘Hope’, ‘change’ – it is so intoxicating. He sounds just like Martin Luter King (ref his Iowa victory speech), is likable, and the last thing we need is another evangelical elected (ref Iowa coffee house chatter I overheard nearly every day).
And so begins a tsunami shift in political power that will be touted as a new era in politics – a day when the Gen Xers and Millineals grabbed power from the boomers and WWII generation (I can see the headlines already), and also a day when a quarter century of Republican coalitions built around social conservatives, economic conservatives and defense hawks offically collapsed.
As you may have guessed, I’m guessing this will not be a very good year:) To quote a more liberal relative of mine, “You can have all the experience in the world, and still not know how to run the White House.” Faulty logic – but one that I believe will deliver the Presidency to Obama.
-
January 6, 2008 at 8:01 PM #130842
Anonymous
GuestEconomy tanks, housing market continues to slide and Obama wins the Presidency by a landslide. I am a Republican living in Iowa and watched the recent caucuses very closely. Young voters came out in masses to vote for him, and many Republicans I know – especially moderate ones – changed their registrations and voted for Obama. He’s gone from tied w/Hillary to up 10% in one day in New Hampshire, and just wait for South Carolina where 50% of the democratic electorate is black.
The headlines between now and the South Carolina primaries will be the massive shift in the polls of the black vote that will swing to Obama from Hillary there. Prior endorsements aside, if you are black – leader or not – you don’t want to be on the wrong side of history. On the GOP side, who’s going to stop him? At a time when the electorate is fed up with the status quo, fed up with Bush, fed up with Congress, losing their jobs and houses etc. – Obama rides in with youth, vigor, intelligence, charisma and no real specifics other than ‘hope’, ‘change’ and and the ‘dawning of a new tomorrow’.
The specifics will come once he takes office in the form of higher taxes, national healthcare and a radical liberal agenda to placate his base. He has never been in charge of anything in his life other than law review and his own campaign staff, so watching him run the largest, most powerful country on earth and negotiating eye to eye with the likes of Vladimir Putin should be interesting. ‘Hope’, ‘change’ – it is so intoxicating. He sounds just like Martin Luter King (ref his Iowa victory speech), is likable, and the last thing we need is another evangelical elected (ref Iowa coffee house chatter I overheard nearly every day).
And so begins a tsunami shift in political power that will be touted as a new era in politics – a day when the Gen Xers and Millineals grabbed power from the boomers and WWII generation (I can see the headlines already), and also a day when a quarter century of Republican coalitions built around social conservatives, economic conservatives and defense hawks offically collapsed.
As you may have guessed, I’m guessing this will not be a very good year:) To quote a more liberal relative of mine, “You can have all the experience in the world, and still not know how to run the White House.” Faulty logic – but one that I believe will deliver the Presidency to Obama.
-
January 6, 2008 at 8:01 PM #130903
Anonymous
GuestEconomy tanks, housing market continues to slide and Obama wins the Presidency by a landslide. I am a Republican living in Iowa and watched the recent caucuses very closely. Young voters came out in masses to vote for him, and many Republicans I know – especially moderate ones – changed their registrations and voted for Obama. He’s gone from tied w/Hillary to up 10% in one day in New Hampshire, and just wait for South Carolina where 50% of the democratic electorate is black.
The headlines between now and the South Carolina primaries will be the massive shift in the polls of the black vote that will swing to Obama from Hillary there. Prior endorsements aside, if you are black – leader or not – you don’t want to be on the wrong side of history. On the GOP side, who’s going to stop him? At a time when the electorate is fed up with the status quo, fed up with Bush, fed up with Congress, losing their jobs and houses etc. – Obama rides in with youth, vigor, intelligence, charisma and no real specifics other than ‘hope’, ‘change’ and and the ‘dawning of a new tomorrow’.
The specifics will come once he takes office in the form of higher taxes, national healthcare and a radical liberal agenda to placate his base. He has never been in charge of anything in his life other than law review and his own campaign staff, so watching him run the largest, most powerful country on earth and negotiating eye to eye with the likes of Vladimir Putin should be interesting. ‘Hope’, ‘change’ – it is so intoxicating. He sounds just like Martin Luter King (ref his Iowa victory speech), is likable, and the last thing we need is another evangelical elected (ref Iowa coffee house chatter I overheard nearly every day).
And so begins a tsunami shift in political power that will be touted as a new era in politics – a day when the Gen Xers and Millineals grabbed power from the boomers and WWII generation (I can see the headlines already), and also a day when a quarter century of Republican coalitions built around social conservatives, economic conservatives and defense hawks offically collapsed.
As you may have guessed, I’m guessing this will not be a very good year:) To quote a more liberal relative of mine, “You can have all the experience in the world, and still not know how to run the White House.” Faulty logic – but one that I believe will deliver the Presidency to Obama.
-
January 6, 2008 at 8:01 PM #130937
Anonymous
GuestEconomy tanks, housing market continues to slide and Obama wins the Presidency by a landslide. I am a Republican living in Iowa and watched the recent caucuses very closely. Young voters came out in masses to vote for him, and many Republicans I know – especially moderate ones – changed their registrations and voted for Obama. He’s gone from tied w/Hillary to up 10% in one day in New Hampshire, and just wait for South Carolina where 50% of the democratic electorate is black.
The headlines between now and the South Carolina primaries will be the massive shift in the polls of the black vote that will swing to Obama from Hillary there. Prior endorsements aside, if you are black – leader or not – you don’t want to be on the wrong side of history. On the GOP side, who’s going to stop him? At a time when the electorate is fed up with the status quo, fed up with Bush, fed up with Congress, losing their jobs and houses etc. – Obama rides in with youth, vigor, intelligence, charisma and no real specifics other than ‘hope’, ‘change’ and and the ‘dawning of a new tomorrow’.
The specifics will come once he takes office in the form of higher taxes, national healthcare and a radical liberal agenda to placate his base. He has never been in charge of anything in his life other than law review and his own campaign staff, so watching him run the largest, most powerful country on earth and negotiating eye to eye with the likes of Vladimir Putin should be interesting. ‘Hope’, ‘change’ – it is so intoxicating. He sounds just like Martin Luter King (ref his Iowa victory speech), is likable, and the last thing we need is another evangelical elected (ref Iowa coffee house chatter I overheard nearly every day).
And so begins a tsunami shift in political power that will be touted as a new era in politics – a day when the Gen Xers and Millineals grabbed power from the boomers and WWII generation (I can see the headlines already), and also a day when a quarter century of Republican coalitions built around social conservatives, economic conservatives and defense hawks offically collapsed.
As you may have guessed, I’m guessing this will not be a very good year:) To quote a more liberal relative of mine, “You can have all the experience in the world, and still not know how to run the White House.” Faulty logic – but one that I believe will deliver the Presidency to Obama.
-
-
January 6, 2008 at 6:33 PM #130799
kev374
ParticipantHome prices down 15-18%
Foreclosures reach record highs by Q2 -
January 6, 2008 at 6:33 PM #130806
kev374
ParticipantHome prices down 15-18%
Foreclosures reach record highs by Q2 -
January 6, 2008 at 6:33 PM #130868
kev374
ParticipantHome prices down 15-18%
Foreclosures reach record highs by Q2 -
January 6, 2008 at 6:33 PM #130902
kev374
ParticipantHome prices down 15-18%
Foreclosures reach record highs by Q2 -
January 6, 2008 at 10:59 PM #130780
DWCAP
Participant“I agree with this. I think Fed will cut interest rates, like it or not!! Runaway inflation is too scary but what are we going to do about it? I feel so sorry for the middle class in this country that is literally being raped by this government and it’s fiscal policies!!”
Runaway inflation is scary, but a slow bleed. Stock market falling 200+ points in a single day is seen by the general public as an artery poping. Problem is the government doesnt want to be seen as doing nothing, so they choose the slow bleed that MAY get them reelected. The problems can always be addressed later. The middle class doesnt understand the problem, and doesnt want to. I know, I and all of my friends are middle class (atleast right now). BTW this is the same reason Obama wins, IF he takes NH. People know things arent good, just dont know what to do about it. Since they dont know the problem, it is ok that he doesnt have an answer.
Predictions for 2008,
Stocks are only down alittle overall, maybe 5%. Not because the ecomony is good or anything, but because there is a boatload of cash floating around the world looking for somewhere to go. As a poster on here posted, the lending spigets are on full blast, if your assets are good. This isnt a lending crunch, it is a crappy asset crunch (over-priced housing included). As such, housing falls another 10% and FED rates touch 2.5%. Suddenly housing, while not good, isnt such a bad asset anymore and banks wont be taking in the ass with so many forclosures. Recession is finally recognized, but since that which is pulling us down is patched up, things dont ever get too bad.-
January 6, 2008 at 11:33 PM #130790
Dukehorn
ParticipantThe irony of seeing someone complaining about Senator Obama being on the Harvard Law Review after that poster probably voted for an alcoholic who scraped by with Cs during his academic career and also lied repeatedly to the American public about critical foreign policy issues (as opposed to sex) is too rich (and depressing).
I bet teaching real science as opposed to creationism is part of that scary radical liberal agenda?? Seriously after the last 8 years and all that botched spending in Iraq, you’re going to complain about wasted spending and taxes in the upcoming administration?
-
January 6, 2008 at 11:33 PM #130970
Dukehorn
ParticipantThe irony of seeing someone complaining about Senator Obama being on the Harvard Law Review after that poster probably voted for an alcoholic who scraped by with Cs during his academic career and also lied repeatedly to the American public about critical foreign policy issues (as opposed to sex) is too rich (and depressing).
I bet teaching real science as opposed to creationism is part of that scary radical liberal agenda?? Seriously after the last 8 years and all that botched spending in Iraq, you’re going to complain about wasted spending and taxes in the upcoming administration?
-
January 6, 2008 at 11:33 PM #130976
Dukehorn
ParticipantThe irony of seeing someone complaining about Senator Obama being on the Harvard Law Review after that poster probably voted for an alcoholic who scraped by with Cs during his academic career and also lied repeatedly to the American public about critical foreign policy issues (as opposed to sex) is too rich (and depressing).
I bet teaching real science as opposed to creationism is part of that scary radical liberal agenda?? Seriously after the last 8 years and all that botched spending in Iraq, you’re going to complain about wasted spending and taxes in the upcoming administration?
-
January 6, 2008 at 11:33 PM #131037
Dukehorn
ParticipantThe irony of seeing someone complaining about Senator Obama being on the Harvard Law Review after that poster probably voted for an alcoholic who scraped by with Cs during his academic career and also lied repeatedly to the American public about critical foreign policy issues (as opposed to sex) is too rich (and depressing).
I bet teaching real science as opposed to creationism is part of that scary radical liberal agenda?? Seriously after the last 8 years and all that botched spending in Iraq, you’re going to complain about wasted spending and taxes in the upcoming administration?
-
January 6, 2008 at 11:33 PM #131073
Dukehorn
ParticipantThe irony of seeing someone complaining about Senator Obama being on the Harvard Law Review after that poster probably voted for an alcoholic who scraped by with Cs during his academic career and also lied repeatedly to the American public about critical foreign policy issues (as opposed to sex) is too rich (and depressing).
I bet teaching real science as opposed to creationism is part of that scary radical liberal agenda?? Seriously after the last 8 years and all that botched spending in Iraq, you’re going to complain about wasted spending and taxes in the upcoming administration?
-
-
January 6, 2008 at 10:59 PM #130960
DWCAP
Participant“I agree with this. I think Fed will cut interest rates, like it or not!! Runaway inflation is too scary but what are we going to do about it? I feel so sorry for the middle class in this country that is literally being raped by this government and it’s fiscal policies!!”
Runaway inflation is scary, but a slow bleed. Stock market falling 200+ points in a single day is seen by the general public as an artery poping. Problem is the government doesnt want to be seen as doing nothing, so they choose the slow bleed that MAY get them reelected. The problems can always be addressed later. The middle class doesnt understand the problem, and doesnt want to. I know, I and all of my friends are middle class (atleast right now). BTW this is the same reason Obama wins, IF he takes NH. People know things arent good, just dont know what to do about it. Since they dont know the problem, it is ok that he doesnt have an answer.
Predictions for 2008,
Stocks are only down alittle overall, maybe 5%. Not because the ecomony is good or anything, but because there is a boatload of cash floating around the world looking for somewhere to go. As a poster on here posted, the lending spigets are on full blast, if your assets are good. This isnt a lending crunch, it is a crappy asset crunch (over-priced housing included). As such, housing falls another 10% and FED rates touch 2.5%. Suddenly housing, while not good, isnt such a bad asset anymore and banks wont be taking in the ass with so many forclosures. Recession is finally recognized, but since that which is pulling us down is patched up, things dont ever get too bad. -
January 6, 2008 at 10:59 PM #130966
DWCAP
Participant“I agree with this. I think Fed will cut interest rates, like it or not!! Runaway inflation is too scary but what are we going to do about it? I feel so sorry for the middle class in this country that is literally being raped by this government and it’s fiscal policies!!”
Runaway inflation is scary, but a slow bleed. Stock market falling 200+ points in a single day is seen by the general public as an artery poping. Problem is the government doesnt want to be seen as doing nothing, so they choose the slow bleed that MAY get them reelected. The problems can always be addressed later. The middle class doesnt understand the problem, and doesnt want to. I know, I and all of my friends are middle class (atleast right now). BTW this is the same reason Obama wins, IF he takes NH. People know things arent good, just dont know what to do about it. Since they dont know the problem, it is ok that he doesnt have an answer.
Predictions for 2008,
Stocks are only down alittle overall, maybe 5%. Not because the ecomony is good or anything, but because there is a boatload of cash floating around the world looking for somewhere to go. As a poster on here posted, the lending spigets are on full blast, if your assets are good. This isnt a lending crunch, it is a crappy asset crunch (over-priced housing included). As such, housing falls another 10% and FED rates touch 2.5%. Suddenly housing, while not good, isnt such a bad asset anymore and banks wont be taking in the ass with so many forclosures. Recession is finally recognized, but since that which is pulling us down is patched up, things dont ever get too bad. -
January 6, 2008 at 10:59 PM #131027
DWCAP
Participant“I agree with this. I think Fed will cut interest rates, like it or not!! Runaway inflation is too scary but what are we going to do about it? I feel so sorry for the middle class in this country that is literally being raped by this government and it’s fiscal policies!!”
Runaway inflation is scary, but a slow bleed. Stock market falling 200+ points in a single day is seen by the general public as an artery poping. Problem is the government doesnt want to be seen as doing nothing, so they choose the slow bleed that MAY get them reelected. The problems can always be addressed later. The middle class doesnt understand the problem, and doesnt want to. I know, I and all of my friends are middle class (atleast right now). BTW this is the same reason Obama wins, IF he takes NH. People know things arent good, just dont know what to do about it. Since they dont know the problem, it is ok that he doesnt have an answer.
Predictions for 2008,
Stocks are only down alittle overall, maybe 5%. Not because the ecomony is good or anything, but because there is a boatload of cash floating around the world looking for somewhere to go. As a poster on here posted, the lending spigets are on full blast, if your assets are good. This isnt a lending crunch, it is a crappy asset crunch (over-priced housing included). As such, housing falls another 10% and FED rates touch 2.5%. Suddenly housing, while not good, isnt such a bad asset anymore and banks wont be taking in the ass with so many forclosures. Recession is finally recognized, but since that which is pulling us down is patched up, things dont ever get too bad. -
January 6, 2008 at 10:59 PM #131063
DWCAP
Participant“I agree with this. I think Fed will cut interest rates, like it or not!! Runaway inflation is too scary but what are we going to do about it? I feel so sorry for the middle class in this country that is literally being raped by this government and it’s fiscal policies!!”
Runaway inflation is scary, but a slow bleed. Stock market falling 200+ points in a single day is seen by the general public as an artery poping. Problem is the government doesnt want to be seen as doing nothing, so they choose the slow bleed that MAY get them reelected. The problems can always be addressed later. The middle class doesnt understand the problem, and doesnt want to. I know, I and all of my friends are middle class (atleast right now). BTW this is the same reason Obama wins, IF he takes NH. People know things arent good, just dont know what to do about it. Since they dont know the problem, it is ok that he doesnt have an answer.
Predictions for 2008,
Stocks are only down alittle overall, maybe 5%. Not because the ecomony is good or anything, but because there is a boatload of cash floating around the world looking for somewhere to go. As a poster on here posted, the lending spigets are on full blast, if your assets are good. This isnt a lending crunch, it is a crappy asset crunch (over-priced housing included). As such, housing falls another 10% and FED rates touch 2.5%. Suddenly housing, while not good, isnt such a bad asset anymore and banks wont be taking in the ass with so many forclosures. Recession is finally recognized, but since that which is pulling us down is patched up, things dont ever get too bad. -
January 6, 2008 at 11:40 PM #130795
Enorah
ParticipantThe shift in consciousness that is already underway greatly accelerates. By year’s end it is even more obvious that we must perceive ourselves as Earthlings first, here on this beautiful planet, and begin taking care of each other.
Everyone will manifest more and more quickly externally what it is they feel and think.
-
January 7, 2008 at 9:43 PM #131435
sdworker
ParticipantNicely said Enorah. Glad that I am not the only real estate / financially oriented person that also is into the evolution of the human consciousness. I second your prediction and add that we will see millions more experiencing Oneness and seeing the total and utter connection of everything in the universe. This will create a tipping point of moving a large chunck of humanity away from the state of mental torture that we subject ourselves and others to, including the planet, and to a place of more love. See “Awakening Into Oneness” by Arjuna Ardargh for more details…..
-
January 7, 2008 at 9:48 PM #131448
Jumby
Participantpass me some of the stuff you are smoking on…puff puff give
-
January 7, 2008 at 10:38 PM #131500
SD Realtor
ParticipantI predict Indy covers the line over the chargers on Sunday.
I sincerely hope I am wrong and that the bolts pull the upset.
SD Realtor
-
January 7, 2008 at 10:53 PM #131504
nostradamus
ParticipantI would have said the same thing until I saw the Titans game. If Gates’ turf-toe injury isn’t too bad I think our boys can do the job. This past Sunday was a good proving ground. I think if any team can do it this one can. Gates, LT, and Rivers are playing well together. The D is playing an awesome game too, they’ve had some nice interceptions. I thought they were gonna get a safety or two in that last game.
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January 7, 2008 at 10:53 PM #131684
nostradamus
ParticipantI would have said the same thing until I saw the Titans game. If Gates’ turf-toe injury isn’t too bad I think our boys can do the job. This past Sunday was a good proving ground. I think if any team can do it this one can. Gates, LT, and Rivers are playing well together. The D is playing an awesome game too, they’ve had some nice interceptions. I thought they were gonna get a safety or two in that last game.
-
January 7, 2008 at 10:53 PM #131691
nostradamus
ParticipantI would have said the same thing until I saw the Titans game. If Gates’ turf-toe injury isn’t too bad I think our boys can do the job. This past Sunday was a good proving ground. I think if any team can do it this one can. Gates, LT, and Rivers are playing well together. The D is playing an awesome game too, they’ve had some nice interceptions. I thought they were gonna get a safety or two in that last game.
-
January 7, 2008 at 10:53 PM #131753
nostradamus
ParticipantI would have said the same thing until I saw the Titans game. If Gates’ turf-toe injury isn’t too bad I think our boys can do the job. This past Sunday was a good proving ground. I think if any team can do it this one can. Gates, LT, and Rivers are playing well together. The D is playing an awesome game too, they’ve had some nice interceptions. I thought they were gonna get a safety or two in that last game.
-
January 7, 2008 at 10:53 PM #131790
nostradamus
ParticipantI would have said the same thing until I saw the Titans game. If Gates’ turf-toe injury isn’t too bad I think our boys can do the job. This past Sunday was a good proving ground. I think if any team can do it this one can. Gates, LT, and Rivers are playing well together. The D is playing an awesome game too, they’ve had some nice interceptions. I thought they were gonna get a safety or two in that last game.
-
January 7, 2008 at 10:38 PM #131678
SD Realtor
ParticipantI predict Indy covers the line over the chargers on Sunday.
I sincerely hope I am wrong and that the bolts pull the upset.
SD Realtor
-
January 7, 2008 at 10:38 PM #131687
SD Realtor
ParticipantI predict Indy covers the line over the chargers on Sunday.
I sincerely hope I am wrong and that the bolts pull the upset.
SD Realtor
-
January 7, 2008 at 10:38 PM #131748
SD Realtor
ParticipantI predict Indy covers the line over the chargers on Sunday.
I sincerely hope I am wrong and that the bolts pull the upset.
SD Realtor
-
January 7, 2008 at 10:38 PM #131785
SD Realtor
ParticipantI predict Indy covers the line over the chargers on Sunday.
I sincerely hope I am wrong and that the bolts pull the upset.
SD Realtor
-
January 7, 2008 at 9:48 PM #131630
Jumby
Participantpass me some of the stuff you are smoking on…puff puff give
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January 7, 2008 at 9:48 PM #131637
Jumby
Participantpass me some of the stuff you are smoking on…puff puff give
-
January 7, 2008 at 9:48 PM #131698
Jumby
Participantpass me some of the stuff you are smoking on…puff puff give
-
January 7, 2008 at 9:48 PM #131735
Jumby
Participantpass me some of the stuff you are smoking on…puff puff give
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January 8, 2008 at 8:27 AM #131558
Enorah
ParticipantSubmitted by sdworker on January 7, 2008 – 9:43pm.
Nicely said Enorah. Glad that I am not the only real estate / financially oriented person that also is into the evolution of the human consciousness. I second your prediction and add that we will see millions more experiencing Oneness and seeing the total and utter connection of everything in the universe. This will create a tipping point of moving a large chunck of humanity away from the state of mental torture that we subject ourselves and others to, including the planet, and to a place of more love. See “Awakening Into Oneness” by Arjuna Ardargh for more details…..
Excellent!
I completely agree
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January 8, 2008 at 8:27 AM #131739
Enorah
ParticipantSubmitted by sdworker on January 7, 2008 – 9:43pm.
Nicely said Enorah. Glad that I am not the only real estate / financially oriented person that also is into the evolution of the human consciousness. I second your prediction and add that we will see millions more experiencing Oneness and seeing the total and utter connection of everything in the universe. This will create a tipping point of moving a large chunck of humanity away from the state of mental torture that we subject ourselves and others to, including the planet, and to a place of more love. See “Awakening Into Oneness” by Arjuna Ardargh for more details…..
Excellent!
I completely agree
-
January 8, 2008 at 8:27 AM #131749
Enorah
ParticipantSubmitted by sdworker on January 7, 2008 – 9:43pm.
Nicely said Enorah. Glad that I am not the only real estate / financially oriented person that also is into the evolution of the human consciousness. I second your prediction and add that we will see millions more experiencing Oneness and seeing the total and utter connection of everything in the universe. This will create a tipping point of moving a large chunck of humanity away from the state of mental torture that we subject ourselves and others to, including the planet, and to a place of more love. See “Awakening Into Oneness” by Arjuna Ardargh for more details…..
Excellent!
I completely agree
-
January 8, 2008 at 8:27 AM #131808
Enorah
ParticipantSubmitted by sdworker on January 7, 2008 – 9:43pm.
Nicely said Enorah. Glad that I am not the only real estate / financially oriented person that also is into the evolution of the human consciousness. I second your prediction and add that we will see millions more experiencing Oneness and seeing the total and utter connection of everything in the universe. This will create a tipping point of moving a large chunck of humanity away from the state of mental torture that we subject ourselves and others to, including the planet, and to a place of more love. See “Awakening Into Oneness” by Arjuna Ardargh for more details…..
Excellent!
I completely agree
-
January 8, 2008 at 8:27 AM #131844
Enorah
ParticipantSubmitted by sdworker on January 7, 2008 – 9:43pm.
Nicely said Enorah. Glad that I am not the only real estate / financially oriented person that also is into the evolution of the human consciousness. I second your prediction and add that we will see millions more experiencing Oneness and seeing the total and utter connection of everything in the universe. This will create a tipping point of moving a large chunck of humanity away from the state of mental torture that we subject ourselves and others to, including the planet, and to a place of more love. See “Awakening Into Oneness” by Arjuna Ardargh for more details…..
Excellent!
I completely agree
-
-
January 7, 2008 at 9:43 PM #131615
sdworker
ParticipantNicely said Enorah. Glad that I am not the only real estate / financially oriented person that also is into the evolution of the human consciousness. I second your prediction and add that we will see millions more experiencing Oneness and seeing the total and utter connection of everything in the universe. This will create a tipping point of moving a large chunck of humanity away from the state of mental torture that we subject ourselves and others to, including the planet, and to a place of more love. See “Awakening Into Oneness” by Arjuna Ardargh for more details…..
-
January 7, 2008 at 9:43 PM #131621
sdworker
ParticipantNicely said Enorah. Glad that I am not the only real estate / financially oriented person that also is into the evolution of the human consciousness. I second your prediction and add that we will see millions more experiencing Oneness and seeing the total and utter connection of everything in the universe. This will create a tipping point of moving a large chunck of humanity away from the state of mental torture that we subject ourselves and others to, including the planet, and to a place of more love. See “Awakening Into Oneness” by Arjuna Ardargh for more details…..
-
January 7, 2008 at 9:43 PM #131683
sdworker
ParticipantNicely said Enorah. Glad that I am not the only real estate / financially oriented person that also is into the evolution of the human consciousness. I second your prediction and add that we will see millions more experiencing Oneness and seeing the total and utter connection of everything in the universe. This will create a tipping point of moving a large chunck of humanity away from the state of mental torture that we subject ourselves and others to, including the planet, and to a place of more love. See “Awakening Into Oneness” by Arjuna Ardargh for more details…..
-
January 7, 2008 at 9:43 PM #131720
sdworker
ParticipantNicely said Enorah. Glad that I am not the only real estate / financially oriented person that also is into the evolution of the human consciousness. I second your prediction and add that we will see millions more experiencing Oneness and seeing the total and utter connection of everything in the universe. This will create a tipping point of moving a large chunck of humanity away from the state of mental torture that we subject ourselves and others to, including the planet, and to a place of more love. See “Awakening Into Oneness” by Arjuna Ardargh for more details…..
-
-
January 6, 2008 at 11:40 PM #130975
Enorah
ParticipantThe shift in consciousness that is already underway greatly accelerates. By year’s end it is even more obvious that we must perceive ourselves as Earthlings first, here on this beautiful planet, and begin taking care of each other.
Everyone will manifest more and more quickly externally what it is they feel and think.
-
January 6, 2008 at 11:40 PM #130981
Enorah
ParticipantThe shift in consciousness that is already underway greatly accelerates. By year’s end it is even more obvious that we must perceive ourselves as Earthlings first, here on this beautiful planet, and begin taking care of each other.
Everyone will manifest more and more quickly externally what it is they feel and think.
-
January 6, 2008 at 11:40 PM #131043
Enorah
ParticipantThe shift in consciousness that is already underway greatly accelerates. By year’s end it is even more obvious that we must perceive ourselves as Earthlings first, here on this beautiful planet, and begin taking care of each other.
Everyone will manifest more and more quickly externally what it is they feel and think.
-
January 6, 2008 at 11:40 PM #131078
Enorah
ParticipantThe shift in consciousness that is already underway greatly accelerates. By year’s end it is even more obvious that we must perceive ourselves as Earthlings first, here on this beautiful planet, and begin taking care of each other.
Everyone will manifest more and more quickly externally what it is they feel and think.
-
January 7, 2008 at 12:21 PM #130929
poorgradstudent
ParticipantHome prices will continue to fall nationwide. I’ll put San Diego at overall -10% from the start of the year. The NRA will call bottoms almost monthly, especially when prices flatline (or slightly uptick) during the Spring buying season.
Q1 will see a barely positive, nearly flat growth of the economy (think +0.1% or so). Q2 will go negative, and by Q3 we’ll officially be in recession. By the end of 2008 the recession will be almost over.
Despite rampant inflation, the nominal value of the dollar vs. other currencies will stabilize as Europeans continue flocking to the US for tourism and buying up cheap goods.
Obama will win the Democratic nomination and defeat whoever emerges from the muddled Republican group, as none of them can carry both fiscal and social conservatives. The Democrats will also pick up a couple seats in the Senate, and make modest gains in the house.
The new administration will have their work cut out for them; an expensive war in Iraq that continues draining our nation’s coffers, Stagflation, and the ticking time bomb that is Baby Boomers retiring and straining Social Security. Still, 2009 will likely bring a return to Bill Clinton-style economics, gradually leading to a return to prosperity for the Middle Class, and general grumbling by the Very Rich.
-
January 7, 2008 at 12:21 PM #131110
poorgradstudent
ParticipantHome prices will continue to fall nationwide. I’ll put San Diego at overall -10% from the start of the year. The NRA will call bottoms almost monthly, especially when prices flatline (or slightly uptick) during the Spring buying season.
Q1 will see a barely positive, nearly flat growth of the economy (think +0.1% or so). Q2 will go negative, and by Q3 we’ll officially be in recession. By the end of 2008 the recession will be almost over.
Despite rampant inflation, the nominal value of the dollar vs. other currencies will stabilize as Europeans continue flocking to the US for tourism and buying up cheap goods.
Obama will win the Democratic nomination and defeat whoever emerges from the muddled Republican group, as none of them can carry both fiscal and social conservatives. The Democrats will also pick up a couple seats in the Senate, and make modest gains in the house.
The new administration will have their work cut out for them; an expensive war in Iraq that continues draining our nation’s coffers, Stagflation, and the ticking time bomb that is Baby Boomers retiring and straining Social Security. Still, 2009 will likely bring a return to Bill Clinton-style economics, gradually leading to a return to prosperity for the Middle Class, and general grumbling by the Very Rich.
-
January 7, 2008 at 12:21 PM #131116
poorgradstudent
ParticipantHome prices will continue to fall nationwide. I’ll put San Diego at overall -10% from the start of the year. The NRA will call bottoms almost monthly, especially when prices flatline (or slightly uptick) during the Spring buying season.
Q1 will see a barely positive, nearly flat growth of the economy (think +0.1% or so). Q2 will go negative, and by Q3 we’ll officially be in recession. By the end of 2008 the recession will be almost over.
Despite rampant inflation, the nominal value of the dollar vs. other currencies will stabilize as Europeans continue flocking to the US for tourism and buying up cheap goods.
Obama will win the Democratic nomination and defeat whoever emerges from the muddled Republican group, as none of them can carry both fiscal and social conservatives. The Democrats will also pick up a couple seats in the Senate, and make modest gains in the house.
The new administration will have their work cut out for them; an expensive war in Iraq that continues draining our nation’s coffers, Stagflation, and the ticking time bomb that is Baby Boomers retiring and straining Social Security. Still, 2009 will likely bring a return to Bill Clinton-style economics, gradually leading to a return to prosperity for the Middle Class, and general grumbling by the Very Rich.
-
January 7, 2008 at 12:21 PM #131178
poorgradstudent
ParticipantHome prices will continue to fall nationwide. I’ll put San Diego at overall -10% from the start of the year. The NRA will call bottoms almost monthly, especially when prices flatline (or slightly uptick) during the Spring buying season.
Q1 will see a barely positive, nearly flat growth of the economy (think +0.1% or so). Q2 will go negative, and by Q3 we’ll officially be in recession. By the end of 2008 the recession will be almost over.
Despite rampant inflation, the nominal value of the dollar vs. other currencies will stabilize as Europeans continue flocking to the US for tourism and buying up cheap goods.
Obama will win the Democratic nomination and defeat whoever emerges from the muddled Republican group, as none of them can carry both fiscal and social conservatives. The Democrats will also pick up a couple seats in the Senate, and make modest gains in the house.
The new administration will have their work cut out for them; an expensive war in Iraq that continues draining our nation’s coffers, Stagflation, and the ticking time bomb that is Baby Boomers retiring and straining Social Security. Still, 2009 will likely bring a return to Bill Clinton-style economics, gradually leading to a return to prosperity for the Middle Class, and general grumbling by the Very Rich.
-
January 7, 2008 at 12:21 PM #131214
poorgradstudent
ParticipantHome prices will continue to fall nationwide. I’ll put San Diego at overall -10% from the start of the year. The NRA will call bottoms almost monthly, especially when prices flatline (or slightly uptick) during the Spring buying season.
Q1 will see a barely positive, nearly flat growth of the economy (think +0.1% or so). Q2 will go negative, and by Q3 we’ll officially be in recession. By the end of 2008 the recession will be almost over.
Despite rampant inflation, the nominal value of the dollar vs. other currencies will stabilize as Europeans continue flocking to the US for tourism and buying up cheap goods.
Obama will win the Democratic nomination and defeat whoever emerges from the muddled Republican group, as none of them can carry both fiscal and social conservatives. The Democrats will also pick up a couple seats in the Senate, and make modest gains in the house.
The new administration will have their work cut out for them; an expensive war in Iraq that continues draining our nation’s coffers, Stagflation, and the ticking time bomb that is Baby Boomers retiring and straining Social Security. Still, 2009 will likely bring a return to Bill Clinton-style economics, gradually leading to a return to prosperity for the Middle Class, and general grumbling by the Very Rich.
-
January 7, 2008 at 5:51 PM #131190
gold_dredger_phd
ParticipantI predict the weather in 2008 will be very much like the weather in 2007, except different.
-
January 7, 2008 at 5:51 PM #131369
gold_dredger_phd
ParticipantI predict the weather in 2008 will be very much like the weather in 2007, except different.
-
January 7, 2008 at 5:51 PM #131376
gold_dredger_phd
ParticipantI predict the weather in 2008 will be very much like the weather in 2007, except different.
-
January 7, 2008 at 5:51 PM #131439
gold_dredger_phd
ParticipantI predict the weather in 2008 will be very much like the weather in 2007, except different.
-
January 7, 2008 at 5:51 PM #131474
gold_dredger_phd
ParticipantI predict the weather in 2008 will be very much like the weather in 2007, except different.
-
January 7, 2008 at 9:35 PM #131422
CAwireman
ParticipantI predict a 20% drop in the overall Case-Shiller numbers for home values (Averaging low, medium, high targets together).
Price of regular gas peaks at $4.25 in San Diego.
I predict that I’ll continue to rent….. 😉
HiggyBaby
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January 7, 2008 at 9:35 PM #131604
CAwireman
ParticipantI predict a 20% drop in the overall Case-Shiller numbers for home values (Averaging low, medium, high targets together).
Price of regular gas peaks at $4.25 in San Diego.
I predict that I’ll continue to rent….. 😉
HiggyBaby
-
January 7, 2008 at 9:35 PM #131613
CAwireman
ParticipantI predict a 20% drop in the overall Case-Shiller numbers for home values (Averaging low, medium, high targets together).
Price of regular gas peaks at $4.25 in San Diego.
I predict that I’ll continue to rent….. 😉
HiggyBaby
-
January 7, 2008 at 9:35 PM #131675
CAwireman
ParticipantI predict a 20% drop in the overall Case-Shiller numbers for home values (Averaging low, medium, high targets together).
Price of regular gas peaks at $4.25 in San Diego.
I predict that I’ll continue to rent….. 😉
HiggyBaby
-
January 7, 2008 at 9:35 PM #131710
CAwireman
ParticipantI predict a 20% drop in the overall Case-Shiller numbers for home values (Averaging low, medium, high targets together).
Price of regular gas peaks at $4.25 in San Diego.
I predict that I’ll continue to rent….. 😉
HiggyBaby
-
January 8, 2008 at 8:52 AM #131583
Coronita
ParticipantPrediction for 2008:
1) Brittney Spears checks into a mental ward…again.
2) Lindsay Lohan smacks up another supercar, while still denies she's a drug addict, and finally gets her license revoked…permanently…
3) Hulk Hogan makes his son drive a Yugo for a year.
4) Borat makes a sequel
5) Knight Rider, as come-back tv series, is as disasterous as the original series, especially with the producer choosing a Ford GT500KR to play KITT instead of something from the GM..WTF??
6) Abercrombie and Fitch, in a bid to boost sales, launches yet another provocative apparel like it has done so in the past.
7) Elections in Taiwan will be a joke again.
8) Japan will still piss of China for visiting the WWII memorials.
9) One of the Big 3 automakers will merge with one of the other two.
10) GM will finally release a Camaro
11) Toyota and Honda will continue to build nice appliances
And we never hear about any of the above as a top news story again on CNN..Oh but one can dream…
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 8, 2008 at 10:22 AM #131671
cr
ParticipantPiggington.com
I predict we will see another politically charged “contributor” to these forums who misses the point of most topics, derails each post into political hot-button issues, then accuses the rest of us of being ignorant, bitter, and wrong about everything in the world, then in a parting post asks for advice, while further insulting us.Politics.
Obama will not win, and if the democrats don’t start offering solutions and a better candidate the republicans will. Democracts and their finger-pointing followers will continue to blame Bush for everthing that’s wrong in their life and the world.Economy.
Housing down 15%, stock market up negligible, FED lowers rates to start, then raises them as in/stagflation and a weak dollar cripple spending. Saving money no longer laughed at.Sports.
China wins the gold in gymnastics, and Clemens continues to deny he ever did steroids, even after it’s proven with an newly discovered bloodtest that he did. Patriots lose, and the ’72 Dolphins continue to blab, even though the ’07 Dolphins would destory them.-
January 8, 2008 at 1:02 PM #131813
andymajumder
ParticipantWell so far this year,
Dow is down more than 5% and NASDAQ is down nearly 8% in 5 business days. Probably one of the worst starts to a year in recent history.
-
January 8, 2008 at 2:21 PM #131853
(former)FormerSanDiegan
ParticipantMy predictions …
San Diego real estate will “Party Like It’s Nineteen-Ninety-Three.”
Early in the year the real estate industry will produce a mantra such as …
“We’ll be fine by 2009”By fall the mantra will become…
“We’ll be up again in 2010”Eventually they will be correct
-
January 8, 2008 at 2:21 PM #132034
(former)FormerSanDiegan
ParticipantMy predictions …
San Diego real estate will “Party Like It’s Nineteen-Ninety-Three.”
Early in the year the real estate industry will produce a mantra such as …
“We’ll be fine by 2009”By fall the mantra will become…
“We’ll be up again in 2010”Eventually they will be correct
-
January 8, 2008 at 2:21 PM #132044
(former)FormerSanDiegan
ParticipantMy predictions …
San Diego real estate will “Party Like It’s Nineteen-Ninety-Three.”
Early in the year the real estate industry will produce a mantra such as …
“We’ll be fine by 2009”By fall the mantra will become…
“We’ll be up again in 2010”Eventually they will be correct
-
January 8, 2008 at 2:21 PM #132104
(former)FormerSanDiegan
ParticipantMy predictions …
San Diego real estate will “Party Like It’s Nineteen-Ninety-Three.”
Early in the year the real estate industry will produce a mantra such as …
“We’ll be fine by 2009”By fall the mantra will become…
“We’ll be up again in 2010”Eventually they will be correct
-
January 8, 2008 at 2:21 PM #132137
(former)FormerSanDiegan
ParticipantMy predictions …
San Diego real estate will “Party Like It’s Nineteen-Ninety-Three.”
Early in the year the real estate industry will produce a mantra such as …
“We’ll be fine by 2009”By fall the mantra will become…
“We’ll be up again in 2010”Eventually they will be correct
-
January 8, 2008 at 1:02 PM #131993
andymajumder
ParticipantWell so far this year,
Dow is down more than 5% and NASDAQ is down nearly 8% in 5 business days. Probably one of the worst starts to a year in recent history.
-
January 8, 2008 at 1:02 PM #132002
andymajumder
ParticipantWell so far this year,
Dow is down more than 5% and NASDAQ is down nearly 8% in 5 business days. Probably one of the worst starts to a year in recent history.
-
January 8, 2008 at 1:02 PM #132065
andymajumder
ParticipantWell so far this year,
Dow is down more than 5% and NASDAQ is down nearly 8% in 5 business days. Probably one of the worst starts to a year in recent history.
-
January 8, 2008 at 1:02 PM #132099
andymajumder
ParticipantWell so far this year,
Dow is down more than 5% and NASDAQ is down nearly 8% in 5 business days. Probably one of the worst starts to a year in recent history.
-
-
January 8, 2008 at 10:22 AM #131854
cr
ParticipantPiggington.com
I predict we will see another politically charged “contributor” to these forums who misses the point of most topics, derails each post into political hot-button issues, then accuses the rest of us of being ignorant, bitter, and wrong about everything in the world, then in a parting post asks for advice, while further insulting us.Politics.
Obama will not win, and if the democrats don’t start offering solutions and a better candidate the republicans will. Democracts and their finger-pointing followers will continue to blame Bush for everthing that’s wrong in their life and the world.Economy.
Housing down 15%, stock market up negligible, FED lowers rates to start, then raises them as in/stagflation and a weak dollar cripple spending. Saving money no longer laughed at.Sports.
China wins the gold in gymnastics, and Clemens continues to deny he ever did steroids, even after it’s proven with an newly discovered bloodtest that he did. Patriots lose, and the ’72 Dolphins continue to blab, even though the ’07 Dolphins would destory them. -
January 8, 2008 at 10:22 AM #131862
cr
ParticipantPiggington.com
I predict we will see another politically charged “contributor” to these forums who misses the point of most topics, derails each post into political hot-button issues, then accuses the rest of us of being ignorant, bitter, and wrong about everything in the world, then in a parting post asks for advice, while further insulting us.Politics.
Obama will not win, and if the democrats don’t start offering solutions and a better candidate the republicans will. Democracts and their finger-pointing followers will continue to blame Bush for everthing that’s wrong in their life and the world.Economy.
Housing down 15%, stock market up negligible, FED lowers rates to start, then raises them as in/stagflation and a weak dollar cripple spending. Saving money no longer laughed at.Sports.
China wins the gold in gymnastics, and Clemens continues to deny he ever did steroids, even after it’s proven with an newly discovered bloodtest that he did. Patriots lose, and the ’72 Dolphins continue to blab, even though the ’07 Dolphins would destory them. -
January 8, 2008 at 10:22 AM #131925
cr
ParticipantPiggington.com
I predict we will see another politically charged “contributor” to these forums who misses the point of most topics, derails each post into political hot-button issues, then accuses the rest of us of being ignorant, bitter, and wrong about everything in the world, then in a parting post asks for advice, while further insulting us.Politics.
Obama will not win, and if the democrats don’t start offering solutions and a better candidate the republicans will. Democracts and their finger-pointing followers will continue to blame Bush for everthing that’s wrong in their life and the world.Economy.
Housing down 15%, stock market up negligible, FED lowers rates to start, then raises them as in/stagflation and a weak dollar cripple spending. Saving money no longer laughed at.Sports.
China wins the gold in gymnastics, and Clemens continues to deny he ever did steroids, even after it’s proven with an newly discovered bloodtest that he did. Patriots lose, and the ’72 Dolphins continue to blab, even though the ’07 Dolphins would destory them. -
January 8, 2008 at 10:22 AM #131960
cr
ParticipantPiggington.com
I predict we will see another politically charged “contributor” to these forums who misses the point of most topics, derails each post into political hot-button issues, then accuses the rest of us of being ignorant, bitter, and wrong about everything in the world, then in a parting post asks for advice, while further insulting us.Politics.
Obama will not win, and if the democrats don’t start offering solutions and a better candidate the republicans will. Democracts and their finger-pointing followers will continue to blame Bush for everthing that’s wrong in their life and the world.Economy.
Housing down 15%, stock market up negligible, FED lowers rates to start, then raises them as in/stagflation and a weak dollar cripple spending. Saving money no longer laughed at.Sports.
China wins the gold in gymnastics, and Clemens continues to deny he ever did steroids, even after it’s proven with an newly discovered bloodtest that he did. Patriots lose, and the ’72 Dolphins continue to blab, even though the ’07 Dolphins would destory them.
-
-
January 8, 2008 at 8:52 AM #131762
Coronita
ParticipantPrediction for 2008:
1) Brittney Spears checks into a mental ward…again.
2) Lindsay Lohan smacks up another supercar, while still denies she's a drug addict, and finally gets her license revoked…permanently…
3) Hulk Hogan makes his son drive a Yugo for a year.
4) Borat makes a sequel
5) Knight Rider, as come-back tv series, is as disasterous as the original series, especially with the producer choosing a Ford GT500KR to play KITT instead of something from the GM..WTF??
6) Abercrombie and Fitch, in a bid to boost sales, launches yet another provocative apparel like it has done so in the past.
7) Elections in Taiwan will be a joke again.
8) Japan will still piss of China for visiting the WWII memorials.
9) One of the Big 3 automakers will merge with one of the other two.
10) GM will finally release a Camaro
11) Toyota and Honda will continue to build nice appliances
And we never hear about any of the above as a top news story again on CNN..Oh but one can dream…
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 8, 2008 at 8:52 AM #131771
Coronita
ParticipantPrediction for 2008:
1) Brittney Spears checks into a mental ward…again.
2) Lindsay Lohan smacks up another supercar, while still denies she's a drug addict, and finally gets her license revoked…permanently…
3) Hulk Hogan makes his son drive a Yugo for a year.
4) Borat makes a sequel
5) Knight Rider, as come-back tv series, is as disasterous as the original series, especially with the producer choosing a Ford GT500KR to play KITT instead of something from the GM..WTF??
6) Abercrombie and Fitch, in a bid to boost sales, launches yet another provocative apparel like it has done so in the past.
7) Elections in Taiwan will be a joke again.
8) Japan will still piss of China for visiting the WWII memorials.
9) One of the Big 3 automakers will merge with one of the other two.
10) GM will finally release a Camaro
11) Toyota and Honda will continue to build nice appliances
And we never hear about any of the above as a top news story again on CNN..Oh but one can dream…
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 8, 2008 at 8:52 AM #131833
Coronita
ParticipantPrediction for 2008:
1) Brittney Spears checks into a mental ward…again.
2) Lindsay Lohan smacks up another supercar, while still denies she's a drug addict, and finally gets her license revoked…permanently…
3) Hulk Hogan makes his son drive a Yugo for a year.
4) Borat makes a sequel
5) Knight Rider, as come-back tv series, is as disasterous as the original series, especially with the producer choosing a Ford GT500KR to play KITT instead of something from the GM..WTF??
6) Abercrombie and Fitch, in a bid to boost sales, launches yet another provocative apparel like it has done so in the past.
7) Elections in Taiwan will be a joke again.
8) Japan will still piss of China for visiting the WWII memorials.
9) One of the Big 3 automakers will merge with one of the other two.
10) GM will finally release a Camaro
11) Toyota and Honda will continue to build nice appliances
And we never hear about any of the above as a top news story again on CNN..Oh but one can dream…
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 8, 2008 at 8:52 AM #131868
Coronita
ParticipantPrediction for 2008:
1) Brittney Spears checks into a mental ward…again.
2) Lindsay Lohan smacks up another supercar, while still denies she's a drug addict, and finally gets her license revoked…permanently…
3) Hulk Hogan makes his son drive a Yugo for a year.
4) Borat makes a sequel
5) Knight Rider, as come-back tv series, is as disasterous as the original series, especially with the producer choosing a Ford GT500KR to play KITT instead of something from the GM..WTF??
6) Abercrombie and Fitch, in a bid to boost sales, launches yet another provocative apparel like it has done so in the past.
7) Elections in Taiwan will be a joke again.
8) Japan will still piss of China for visiting the WWII memorials.
9) One of the Big 3 automakers will merge with one of the other two.
10) GM will finally release a Camaro
11) Toyota and Honda will continue to build nice appliances
And we never hear about any of the above as a top news story again on CNN..Oh but one can dream…
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 8, 2008 at 11:39 PM #132432
mixxalot
ParticipantMy 2008 predictions
1. Housing drops another 10-20% in San Diego and USA
2. McCain and Obama in election and Obama wins.
3. Dollar tanks again versus euro and yen.
4. Gold rises to $1200
5. More jobs to China and India
-
January 9, 2008 at 8:27 AM #132557
bonfire
ParticipantIt seems that in 2008 people will have to leave “Fairyland” and come back to the real world, (not the MTV show !) Buying a bag of groceries will take precedence over buying a designer bag. People will start cooking again, or learn how to cook, instead of flying through fast food lanes at $50.00 bucks a pop to ”make dinner” for our families. Children will benefit from eating real food, instead of french fries. We will give each other time instead of trinkets. We will learn who our real friends are. We will teach our kids the difference between want and need. We will learn that getting off the merry go round wasn’t so hard after all, just requiring a change in perspective and priorities. We will make it through this recession like we made it through the other ones.
-
January 9, 2008 at 8:41 AM #132592
Bunny Meadows
ParticipantMy pet psychic is predicting that my cat will stop spraying in our house in 2008….stay tuned….
-
January 9, 2008 at 10:33 AM #132696
Aecetia
ParticipantAnd to add to Bonfire’s succinct assessment, people will wash their own cars, do their own yard work and clean their own homes…. What a concept.
-
January 9, 2008 at 11:30 AM #132731
NotCranky
Participant1)Democrats realize they have been over-confident about 2008.
2) “Big Chunk” the sequel comes out in a housing market near you.
-
January 9, 2008 at 1:39 PM #132805
Arraya
ParticipantMany of the rules which govern the functioning of markets will most probably be set aside during the “crisis” which may in fact be the beginning of the paradigm shift encompassing how the world sees energy and a re-write of certain economic theories.
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January 9, 2008 at 1:39 PM #132992
Arraya
ParticipantMany of the rules which govern the functioning of markets will most probably be set aside during the “crisis” which may in fact be the beginning of the paradigm shift encompassing how the world sees energy and a re-write of certain economic theories.
-
January 9, 2008 at 1:39 PM #132996
Arraya
ParticipantMany of the rules which govern the functioning of markets will most probably be set aside during the “crisis” which may in fact be the beginning of the paradigm shift encompassing how the world sees energy and a re-write of certain economic theories.
-
January 9, 2008 at 1:39 PM #133059
Arraya
ParticipantMany of the rules which govern the functioning of markets will most probably be set aside during the “crisis” which may in fact be the beginning of the paradigm shift encompassing how the world sees energy and a re-write of certain economic theories.
-
January 9, 2008 at 1:39 PM #133096
Arraya
ParticipantMany of the rules which govern the functioning of markets will most probably be set aside during the “crisis” which may in fact be the beginning of the paradigm shift encompassing how the world sees energy and a re-write of certain economic theories.
-
January 9, 2008 at 11:30 AM #132917
NotCranky
Participant1)Democrats realize they have been over-confident about 2008.
2) “Big Chunk” the sequel comes out in a housing market near you.
-
January 9, 2008 at 11:30 AM #132921
NotCranky
Participant1)Democrats realize they have been over-confident about 2008.
2) “Big Chunk” the sequel comes out in a housing market near you.
-
January 9, 2008 at 11:30 AM #132983
NotCranky
Participant1)Democrats realize they have been over-confident about 2008.
2) “Big Chunk” the sequel comes out in a housing market near you.
-
January 9, 2008 at 11:30 AM #133021
NotCranky
Participant1)Democrats realize they have been over-confident about 2008.
2) “Big Chunk” the sequel comes out in a housing market near you.
-
January 9, 2008 at 10:33 AM #132882
Aecetia
ParticipantAnd to add to Bonfire’s succinct assessment, people will wash their own cars, do their own yard work and clean their own homes…. What a concept.
-
January 9, 2008 at 10:33 AM #132886
Aecetia
ParticipantAnd to add to Bonfire’s succinct assessment, people will wash their own cars, do their own yard work and clean their own homes…. What a concept.
-
January 9, 2008 at 10:33 AM #132948
Aecetia
ParticipantAnd to add to Bonfire’s succinct assessment, people will wash their own cars, do their own yard work and clean their own homes…. What a concept.
-
January 9, 2008 at 10:33 AM #132985
Aecetia
ParticipantAnd to add to Bonfire’s succinct assessment, people will wash their own cars, do their own yard work and clean their own homes…. What a concept.
-
January 9, 2008 at 8:41 AM #132775
Bunny Meadows
ParticipantMy pet psychic is predicting that my cat will stop spraying in our house in 2008….stay tuned….
-
January 9, 2008 at 8:41 AM #132782
Bunny Meadows
ParticipantMy pet psychic is predicting that my cat will stop spraying in our house in 2008….stay tuned….
-
January 9, 2008 at 8:41 AM #132843
Bunny Meadows
ParticipantMy pet psychic is predicting that my cat will stop spraying in our house in 2008….stay tuned….
-
January 9, 2008 at 8:41 AM #132880
Bunny Meadows
ParticipantMy pet psychic is predicting that my cat will stop spraying in our house in 2008….stay tuned….
-
-
January 9, 2008 at 8:27 AM #132740
bonfire
ParticipantIt seems that in 2008 people will have to leave “Fairyland” and come back to the real world, (not the MTV show !) Buying a bag of groceries will take precedence over buying a designer bag. People will start cooking again, or learn how to cook, instead of flying through fast food lanes at $50.00 bucks a pop to ”make dinner” for our families. Children will benefit from eating real food, instead of french fries. We will give each other time instead of trinkets. We will learn who our real friends are. We will teach our kids the difference between want and need. We will learn that getting off the merry go round wasn’t so hard after all, just requiring a change in perspective and priorities. We will make it through this recession like we made it through the other ones.
-
January 9, 2008 at 8:27 AM #132747
bonfire
ParticipantIt seems that in 2008 people will have to leave “Fairyland” and come back to the real world, (not the MTV show !) Buying a bag of groceries will take precedence over buying a designer bag. People will start cooking again, or learn how to cook, instead of flying through fast food lanes at $50.00 bucks a pop to ”make dinner” for our families. Children will benefit from eating real food, instead of french fries. We will give each other time instead of trinkets. We will learn who our real friends are. We will teach our kids the difference between want and need. We will learn that getting off the merry go round wasn’t so hard after all, just requiring a change in perspective and priorities. We will make it through this recession like we made it through the other ones.
-
January 9, 2008 at 8:27 AM #132808
bonfire
ParticipantIt seems that in 2008 people will have to leave “Fairyland” and come back to the real world, (not the MTV show !) Buying a bag of groceries will take precedence over buying a designer bag. People will start cooking again, or learn how to cook, instead of flying through fast food lanes at $50.00 bucks a pop to ”make dinner” for our families. Children will benefit from eating real food, instead of french fries. We will give each other time instead of trinkets. We will learn who our real friends are. We will teach our kids the difference between want and need. We will learn that getting off the merry go round wasn’t so hard after all, just requiring a change in perspective and priorities. We will make it through this recession like we made it through the other ones.
-
January 9, 2008 at 8:27 AM #132844
bonfire
ParticipantIt seems that in 2008 people will have to leave “Fairyland” and come back to the real world, (not the MTV show !) Buying a bag of groceries will take precedence over buying a designer bag. People will start cooking again, or learn how to cook, instead of flying through fast food lanes at $50.00 bucks a pop to ”make dinner” for our families. Children will benefit from eating real food, instead of french fries. We will give each other time instead of trinkets. We will learn who our real friends are. We will teach our kids the difference between want and need. We will learn that getting off the merry go round wasn’t so hard after all, just requiring a change in perspective and priorities. We will make it through this recession like we made it through the other ones.
-
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January 8, 2008 at 11:39 PM #132615
mixxalot
ParticipantMy 2008 predictions
1. Housing drops another 10-20% in San Diego and USA
2. McCain and Obama in election and Obama wins.
3. Dollar tanks again versus euro and yen.
4. Gold rises to $1200
5. More jobs to China and India
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January 8, 2008 at 11:39 PM #132622
mixxalot
ParticipantMy 2008 predictions
1. Housing drops another 10-20% in San Diego and USA
2. McCain and Obama in election and Obama wins.
3. Dollar tanks again versus euro and yen.
4. Gold rises to $1200
5. More jobs to China and India
-
January 8, 2008 at 11:39 PM #132683
mixxalot
ParticipantMy 2008 predictions
1. Housing drops another 10-20% in San Diego and USA
2. McCain and Obama in election and Obama wins.
3. Dollar tanks again versus euro and yen.
4. Gold rises to $1200
5. More jobs to China and India
-
January 8, 2008 at 11:39 PM #132719
mixxalot
ParticipantMy 2008 predictions
1. Housing drops another 10-20% in San Diego and USA
2. McCain and Obama in election and Obama wins.
3. Dollar tanks again versus euro and yen.
4. Gold rises to $1200
5. More jobs to China and India
-
January 21, 2008 at 5:36 PM #140072
gold_dredger_phd
ParticipantWe will be in a Depression in 2008. I know I will lose my job in 2008.
Good thing that I never took a vacation since I have 8 weeks of paid holiday. I sold my real estate in 2005.
2008 is when my wife gets 2 jobs to support us (me). She just does not know this yet.
Any man that cannot go out and find his wife a second job is just damn lazy. That’s what feminism means to me.
I predict in 2009 that I may have to sell a portion of my liver.
-
January 21, 2008 at 6:11 PM #140096
stockstradr
Participant>> I predict in 2009 that I may have to sell a portion of my liver.
This wins the Funniest Post of the Month Award!
My 2008 predictions…
I’m revising my market forcast downward, betting the S&P goes below 1200 and may hit 1100. Hey, we are not even through Jan and already within striking distance of 1300 on the S&P 500. Who would have ever figured that?One more prediction. Hillary gets the nomination, and she gets her ass kicked by the whichever Republican is nominated. I’m a democratic and I think Hillary is a fine person, but she’s NOT ELECTABLE.
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January 21, 2008 at 11:00 PM #140471
nostradamus
ParticipantStolen Russian nukes confiscated in transit to Beijing
Britney Spears OD
Ayman al-Zawahiri captured in Afghanistan
Rudy Giuliani wins US Presidency
Destitute Americans turn to god in record numbers
Bat Boy exposed as leader of Scientology, escapes in mini cooper[img_assist|nid=6256|title=|desc=|link=node|align=left|width=466|height=438]
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January 21, 2008 at 11:00 PM #140691
nostradamus
ParticipantStolen Russian nukes confiscated in transit to Beijing
Britney Spears OD
Ayman al-Zawahiri captured in Afghanistan
Rudy Giuliani wins US Presidency
Destitute Americans turn to god in record numbers
Bat Boy exposed as leader of Scientology, escapes in mini cooper[img_assist|nid=6256|title=|desc=|link=node|align=left|width=466|height=438]
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January 21, 2008 at 11:00 PM #140709
nostradamus
ParticipantStolen Russian nukes confiscated in transit to Beijing
Britney Spears OD
Ayman al-Zawahiri captured in Afghanistan
Rudy Giuliani wins US Presidency
Destitute Americans turn to god in record numbers
Bat Boy exposed as leader of Scientology, escapes in mini cooper[img_assist|nid=6256|title=|desc=|link=node|align=left|width=466|height=438]
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January 21, 2008 at 11:00 PM #140734
nostradamus
ParticipantStolen Russian nukes confiscated in transit to Beijing
Britney Spears OD
Ayman al-Zawahiri captured in Afghanistan
Rudy Giuliani wins US Presidency
Destitute Americans turn to god in record numbers
Bat Boy exposed as leader of Scientology, escapes in mini cooper[img_assist|nid=6256|title=|desc=|link=node|align=left|width=466|height=438]
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January 21, 2008 at 11:00 PM #140786
nostradamus
ParticipantStolen Russian nukes confiscated in transit to Beijing
Britney Spears OD
Ayman al-Zawahiri captured in Afghanistan
Rudy Giuliani wins US Presidency
Destitute Americans turn to god in record numbers
Bat Boy exposed as leader of Scientology, escapes in mini cooper[img_assist|nid=6256|title=|desc=|link=node|align=left|width=466|height=438]
-
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January 21, 2008 at 6:11 PM #140312
stockstradr
Participant>> I predict in 2009 that I may have to sell a portion of my liver.
This wins the Funniest Post of the Month Award!
My 2008 predictions…
I’m revising my market forcast downward, betting the S&P goes below 1200 and may hit 1100. Hey, we are not even through Jan and already within striking distance of 1300 on the S&P 500. Who would have ever figured that?One more prediction. Hillary gets the nomination, and she gets her ass kicked by the whichever Republican is nominated. I’m a democratic and I think Hillary is a fine person, but she’s NOT ELECTABLE.
-
January 21, 2008 at 6:11 PM #140335
stockstradr
Participant>> I predict in 2009 that I may have to sell a portion of my liver.
This wins the Funniest Post of the Month Award!
My 2008 predictions…
I’m revising my market forcast downward, betting the S&P goes below 1200 and may hit 1100. Hey, we are not even through Jan and already within striking distance of 1300 on the S&P 500. Who would have ever figured that?One more prediction. Hillary gets the nomination, and she gets her ass kicked by the whichever Republican is nominated. I’m a democratic and I think Hillary is a fine person, but she’s NOT ELECTABLE.
-
January 21, 2008 at 6:11 PM #140364
stockstradr
Participant>> I predict in 2009 that I may have to sell a portion of my liver.
This wins the Funniest Post of the Month Award!
My 2008 predictions…
I’m revising my market forcast downward, betting the S&P goes below 1200 and may hit 1100. Hey, we are not even through Jan and already within striking distance of 1300 on the S&P 500. Who would have ever figured that?One more prediction. Hillary gets the nomination, and she gets her ass kicked by the whichever Republican is nominated. I’m a democratic and I think Hillary is a fine person, but she’s NOT ELECTABLE.
-
January 21, 2008 at 6:11 PM #140406
stockstradr
Participant>> I predict in 2009 that I may have to sell a portion of my liver.
This wins the Funniest Post of the Month Award!
My 2008 predictions…
I’m revising my market forcast downward, betting the S&P goes below 1200 and may hit 1100. Hey, we are not even through Jan and already within striking distance of 1300 on the S&P 500. Who would have ever figured that?One more prediction. Hillary gets the nomination, and she gets her ass kicked by the whichever Republican is nominated. I’m a democratic and I think Hillary is a fine person, but she’s NOT ELECTABLE.
-
-
January 21, 2008 at 5:36 PM #140287
gold_dredger_phd
ParticipantWe will be in a Depression in 2008. I know I will lose my job in 2008.
Good thing that I never took a vacation since I have 8 weeks of paid holiday. I sold my real estate in 2005.
2008 is when my wife gets 2 jobs to support us (me). She just does not know this yet.
Any man that cannot go out and find his wife a second job is just damn lazy. That’s what feminism means to me.
I predict in 2009 that I may have to sell a portion of my liver.
-
January 21, 2008 at 5:36 PM #140310
gold_dredger_phd
ParticipantWe will be in a Depression in 2008. I know I will lose my job in 2008.
Good thing that I never took a vacation since I have 8 weeks of paid holiday. I sold my real estate in 2005.
2008 is when my wife gets 2 jobs to support us (me). She just does not know this yet.
Any man that cannot go out and find his wife a second job is just damn lazy. That’s what feminism means to me.
I predict in 2009 that I may have to sell a portion of my liver.
-
January 21, 2008 at 5:36 PM #140336
gold_dredger_phd
ParticipantWe will be in a Depression in 2008. I know I will lose my job in 2008.
Good thing that I never took a vacation since I have 8 weeks of paid holiday. I sold my real estate in 2005.
2008 is when my wife gets 2 jobs to support us (me). She just does not know this yet.
Any man that cannot go out and find his wife a second job is just damn lazy. That’s what feminism means to me.
I predict in 2009 that I may have to sell a portion of my liver.
-
January 21, 2008 at 5:36 PM #140383
gold_dredger_phd
ParticipantWe will be in a Depression in 2008. I know I will lose my job in 2008.
Good thing that I never took a vacation since I have 8 weeks of paid holiday. I sold my real estate in 2005.
2008 is when my wife gets 2 jobs to support us (me). She just does not know this yet.
Any man that cannot go out and find his wife a second job is just damn lazy. That’s what feminism means to me.
I predict in 2009 that I may have to sell a portion of my liver.
-
January 21, 2008 at 11:42 PM #140480
La Jolla Renter
ParticipantThe silly dems loose the election (yeah baby!!!!!!!!!!!)
It’s laughable… all they had to do was put the silver spoon back in their fat condescending two sided mouths and shut the hell up…
but nooooooooooooooo… they just can’t resist telling joe american what he needs big government to do for him… they over kiss the asses of all the special interest groups and end up piss them all off.
The dow swings wildly all year to end up at 12,500.
The $1M+ homes in the premium zips, to my chagrin, hang tough all year maybe dropping 5%.
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January 21, 2008 at 11:42 PM #140702
La Jolla Renter
ParticipantThe silly dems loose the election (yeah baby!!!!!!!!!!!)
It’s laughable… all they had to do was put the silver spoon back in their fat condescending two sided mouths and shut the hell up…
but nooooooooooooooo… they just can’t resist telling joe american what he needs big government to do for him… they over kiss the asses of all the special interest groups and end up piss them all off.
The dow swings wildly all year to end up at 12,500.
The $1M+ homes in the premium zips, to my chagrin, hang tough all year maybe dropping 5%.
-
January 21, 2008 at 11:42 PM #140720
La Jolla Renter
ParticipantThe silly dems loose the election (yeah baby!!!!!!!!!!!)
It’s laughable… all they had to do was put the silver spoon back in their fat condescending two sided mouths and shut the hell up…
but nooooooooooooooo… they just can’t resist telling joe american what he needs big government to do for him… they over kiss the asses of all the special interest groups and end up piss them all off.
The dow swings wildly all year to end up at 12,500.
The $1M+ homes in the premium zips, to my chagrin, hang tough all year maybe dropping 5%.
-
January 21, 2008 at 11:42 PM #140744
La Jolla Renter
ParticipantThe silly dems loose the election (yeah baby!!!!!!!!!!!)
It’s laughable… all they had to do was put the silver spoon back in their fat condescending two sided mouths and shut the hell up…
but nooooooooooooooo… they just can’t resist telling joe american what he needs big government to do for him… they over kiss the asses of all the special interest groups and end up piss them all off.
The dow swings wildly all year to end up at 12,500.
The $1M+ homes in the premium zips, to my chagrin, hang tough all year maybe dropping 5%.
-
January 21, 2008 at 11:42 PM #140796
La Jolla Renter
ParticipantThe silly dems loose the election (yeah baby!!!!!!!!!!!)
It’s laughable… all they had to do was put the silver spoon back in their fat condescending two sided mouths and shut the hell up…
but nooooooooooooooo… they just can’t resist telling joe american what he needs big government to do for him… they over kiss the asses of all the special interest groups and end up piss them all off.
The dow swings wildly all year to end up at 12,500.
The $1M+ homes in the premium zips, to my chagrin, hang tough all year maybe dropping 5%.
-
January 24, 2008 at 7:41 AM #141947
eccen in esc
Participanteccen in esc
other than housing and economy which has been covered here accurately, here are my predictions:higher than average rainfall in Socal
water shortage and higher water bills
large earthquake on the west coast
Iran invasion
alien invasion
McCain “wins” election
something happens in Texas
mass awareness of corruption in govt. -
January 24, 2008 at 7:41 AM #142173
eccen in esc
Participanteccen in esc
other than housing and economy which has been covered here accurately, here are my predictions:higher than average rainfall in Socal
water shortage and higher water bills
large earthquake on the west coast
Iran invasion
alien invasion
McCain “wins” election
something happens in Texas
mass awareness of corruption in govt. -
January 24, 2008 at 7:41 AM #142186
eccen in esc
Participanteccen in esc
other than housing and economy which has been covered here accurately, here are my predictions:higher than average rainfall in Socal
water shortage and higher water bills
large earthquake on the west coast
Iran invasion
alien invasion
McCain “wins” election
something happens in Texas
mass awareness of corruption in govt. -
January 24, 2008 at 7:41 AM #142212
eccen in esc
Participanteccen in esc
other than housing and economy which has been covered here accurately, here are my predictions:higher than average rainfall in Socal
water shortage and higher water bills
large earthquake on the west coast
Iran invasion
alien invasion
McCain “wins” election
something happens in Texas
mass awareness of corruption in govt. -
January 24, 2008 at 7:41 AM #142274
eccen in esc
Participanteccen in esc
other than housing and economy which has been covered here accurately, here are my predictions:higher than average rainfall in Socal
water shortage and higher water bills
large earthquake on the west coast
Iran invasion
alien invasion
McCain “wins” election
something happens in Texas
mass awareness of corruption in govt. -
December 31, 2008 at 10:14 PM #322193
stansd
ParticipantHere’s my own assessment for myself (I like writing this down to hold myself accountable). I got the direction of most things right, but was only about 1/2 way there on magnitude. I certainly didn’t anticipate the amount of financial dislocation from the crisis, though the personal impact I did anticipate…looking forward to 2009. Wishing I would have traded more on my own predictions: Experience has told me I’m not as good as I think I am, however, so I tread cautiously.
I am short T Bonds right now…we’ll see how that goes. Inflation is my big bet this year along with CA bailout…still thinking though the rest.
Yes, I’m posting this on new year’s eve-kids have killed my partying days, and my great bottle of champagne in the fridge will likely go unopened:)
Last Year:
Prediction: San Diego Housing Market drops 15%.Actual: -27%
Prediction: Fed lowers interest rates to 3% by year end.
Actual: 0% to 0.25% (Started at 4.5%)
Prediction: Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
Actual: Recession declared, dollar fell for most of the year, but rose in the end except vs. the yen, but CPI stayed mute in the end at 1.1%
Prediction: The Euro hits $1.45, the Yen hits 100/$, and gas goes over $4.00 per gallon.
Actual: Euro hit mid 1.20’s. Euro ended the year at 1.40 (Started year at 1.47), and Yen at 90 (Started year at 110). Gas definitely went over $4.00 per gallon (started the year around $3.20), but eventually came back down to where it is now.
Stock Market Drops 20% from 2007 End.
Actual: DJIA down 34%, S&P 39%
John McCain beats Obama in the national election as republicans flock to him in masse, and Obama’s inexperience pulls enough independents into the McCain camp. If Bloomberg enters a three way race, Obama wins.
Actual: I got the final candidates right, but the winner wrong. Obama didn’t make any big mistakes: I thought he would.
Foreclosures skyrocket, social acceptability of walking jingle mail is cemented, and banks start to voluntarily write loans down and freeze interest rates rather than foreclose.
Actual: Foreclosures up 300-400%, jingle mail not quite cemented, banks not quite voluntarily writing down loans yet
Unemployment hits 6%, and $50K in the bank becomes as fashionable as a hummer was 2 years ago.
Unemployment at 6.7% starting from 4.9%. $50K in the bank more fashionable now than a hummer was 2 years ago.
Stan
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December 31, 2008 at 11:10 PM #322208
CA renter
ParticipantOverall, good calls, Stan.
Happy New Year!!!
…from a fellow Pigg who knows all too well how partying days end once you have kids — and we still think it’s worth it! 😉
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December 31, 2008 at 11:10 PM #322551
CA renter
ParticipantOverall, good calls, Stan.
Happy New Year!!!
…from a fellow Pigg who knows all too well how partying days end once you have kids — and we still think it’s worth it! 😉
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December 31, 2008 at 11:10 PM #322611
CA renter
ParticipantOverall, good calls, Stan.
Happy New Year!!!
…from a fellow Pigg who knows all too well how partying days end once you have kids — and we still think it’s worth it! 😉
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December 31, 2008 at 11:10 PM #322628
CA renter
ParticipantOverall, good calls, Stan.
Happy New Year!!!
…from a fellow Pigg who knows all too well how partying days end once you have kids — and we still think it’s worth it! 😉
-
December 31, 2008 at 11:10 PM #322708
CA renter
ParticipantOverall, good calls, Stan.
Happy New Year!!!
…from a fellow Pigg who knows all too well how partying days end once you have kids — and we still think it’s worth it! 😉
-
-
December 31, 2008 at 10:14 PM #322536
stansd
ParticipantHere’s my own assessment for myself (I like writing this down to hold myself accountable). I got the direction of most things right, but was only about 1/2 way there on magnitude. I certainly didn’t anticipate the amount of financial dislocation from the crisis, though the personal impact I did anticipate…looking forward to 2009. Wishing I would have traded more on my own predictions: Experience has told me I’m not as good as I think I am, however, so I tread cautiously.
I am short T Bonds right now…we’ll see how that goes. Inflation is my big bet this year along with CA bailout…still thinking though the rest.
Yes, I’m posting this on new year’s eve-kids have killed my partying days, and my great bottle of champagne in the fridge will likely go unopened:)
Last Year:
Prediction: San Diego Housing Market drops 15%.Actual: -27%
Prediction: Fed lowers interest rates to 3% by year end.
Actual: 0% to 0.25% (Started at 4.5%)
Prediction: Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
Actual: Recession declared, dollar fell for most of the year, but rose in the end except vs. the yen, but CPI stayed mute in the end at 1.1%
Prediction: The Euro hits $1.45, the Yen hits 100/$, and gas goes over $4.00 per gallon.
Actual: Euro hit mid 1.20’s. Euro ended the year at 1.40 (Started year at 1.47), and Yen at 90 (Started year at 110). Gas definitely went over $4.00 per gallon (started the year around $3.20), but eventually came back down to where it is now.
Stock Market Drops 20% from 2007 End.
Actual: DJIA down 34%, S&P 39%
John McCain beats Obama in the national election as republicans flock to him in masse, and Obama’s inexperience pulls enough independents into the McCain camp. If Bloomberg enters a three way race, Obama wins.
Actual: I got the final candidates right, but the winner wrong. Obama didn’t make any big mistakes: I thought he would.
Foreclosures skyrocket, social acceptability of walking jingle mail is cemented, and banks start to voluntarily write loans down and freeze interest rates rather than foreclose.
Actual: Foreclosures up 300-400%, jingle mail not quite cemented, banks not quite voluntarily writing down loans yet
Unemployment hits 6%, and $50K in the bank becomes as fashionable as a hummer was 2 years ago.
Unemployment at 6.7% starting from 4.9%. $50K in the bank more fashionable now than a hummer was 2 years ago.
Stan
-
December 31, 2008 at 10:14 PM #322595
stansd
ParticipantHere’s my own assessment for myself (I like writing this down to hold myself accountable). I got the direction of most things right, but was only about 1/2 way there on magnitude. I certainly didn’t anticipate the amount of financial dislocation from the crisis, though the personal impact I did anticipate…looking forward to 2009. Wishing I would have traded more on my own predictions: Experience has told me I’m not as good as I think I am, however, so I tread cautiously.
I am short T Bonds right now…we’ll see how that goes. Inflation is my big bet this year along with CA bailout…still thinking though the rest.
Yes, I’m posting this on new year’s eve-kids have killed my partying days, and my great bottle of champagne in the fridge will likely go unopened:)
Last Year:
Prediction: San Diego Housing Market drops 15%.Actual: -27%
Prediction: Fed lowers interest rates to 3% by year end.
Actual: 0% to 0.25% (Started at 4.5%)
Prediction: Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
Actual: Recession declared, dollar fell for most of the year, but rose in the end except vs. the yen, but CPI stayed mute in the end at 1.1%
Prediction: The Euro hits $1.45, the Yen hits 100/$, and gas goes over $4.00 per gallon.
Actual: Euro hit mid 1.20’s. Euro ended the year at 1.40 (Started year at 1.47), and Yen at 90 (Started year at 110). Gas definitely went over $4.00 per gallon (started the year around $3.20), but eventually came back down to where it is now.
Stock Market Drops 20% from 2007 End.
Actual: DJIA down 34%, S&P 39%
John McCain beats Obama in the national election as republicans flock to him in masse, and Obama’s inexperience pulls enough independents into the McCain camp. If Bloomberg enters a three way race, Obama wins.
Actual: I got the final candidates right, but the winner wrong. Obama didn’t make any big mistakes: I thought he would.
Foreclosures skyrocket, social acceptability of walking jingle mail is cemented, and banks start to voluntarily write loans down and freeze interest rates rather than foreclose.
Actual: Foreclosures up 300-400%, jingle mail not quite cemented, banks not quite voluntarily writing down loans yet
Unemployment hits 6%, and $50K in the bank becomes as fashionable as a hummer was 2 years ago.
Unemployment at 6.7% starting from 4.9%. $50K in the bank more fashionable now than a hummer was 2 years ago.
Stan
-
December 31, 2008 at 10:14 PM #322613
stansd
ParticipantHere’s my own assessment for myself (I like writing this down to hold myself accountable). I got the direction of most things right, but was only about 1/2 way there on magnitude. I certainly didn’t anticipate the amount of financial dislocation from the crisis, though the personal impact I did anticipate…looking forward to 2009. Wishing I would have traded more on my own predictions: Experience has told me I’m not as good as I think I am, however, so I tread cautiously.
I am short T Bonds right now…we’ll see how that goes. Inflation is my big bet this year along with CA bailout…still thinking though the rest.
Yes, I’m posting this on new year’s eve-kids have killed my partying days, and my great bottle of champagne in the fridge will likely go unopened:)
Last Year:
Prediction: San Diego Housing Market drops 15%.Actual: -27%
Prediction: Fed lowers interest rates to 3% by year end.
Actual: 0% to 0.25% (Started at 4.5%)
Prediction: Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
Actual: Recession declared, dollar fell for most of the year, but rose in the end except vs. the yen, but CPI stayed mute in the end at 1.1%
Prediction: The Euro hits $1.45, the Yen hits 100/$, and gas goes over $4.00 per gallon.
Actual: Euro hit mid 1.20’s. Euro ended the year at 1.40 (Started year at 1.47), and Yen at 90 (Started year at 110). Gas definitely went over $4.00 per gallon (started the year around $3.20), but eventually came back down to where it is now.
Stock Market Drops 20% from 2007 End.
Actual: DJIA down 34%, S&P 39%
John McCain beats Obama in the national election as republicans flock to him in masse, and Obama’s inexperience pulls enough independents into the McCain camp. If Bloomberg enters a three way race, Obama wins.
Actual: I got the final candidates right, but the winner wrong. Obama didn’t make any big mistakes: I thought he would.
Foreclosures skyrocket, social acceptability of walking jingle mail is cemented, and banks start to voluntarily write loans down and freeze interest rates rather than foreclose.
Actual: Foreclosures up 300-400%, jingle mail not quite cemented, banks not quite voluntarily writing down loans yet
Unemployment hits 6%, and $50K in the bank becomes as fashionable as a hummer was 2 years ago.
Unemployment at 6.7% starting from 4.9%. $50K in the bank more fashionable now than a hummer was 2 years ago.
Stan
-
December 31, 2008 at 10:14 PM #322693
stansd
ParticipantHere’s my own assessment for myself (I like writing this down to hold myself accountable). I got the direction of most things right, but was only about 1/2 way there on magnitude. I certainly didn’t anticipate the amount of financial dislocation from the crisis, though the personal impact I did anticipate…looking forward to 2009. Wishing I would have traded more on my own predictions: Experience has told me I’m not as good as I think I am, however, so I tread cautiously.
I am short T Bonds right now…we’ll see how that goes. Inflation is my big bet this year along with CA bailout…still thinking though the rest.
Yes, I’m posting this on new year’s eve-kids have killed my partying days, and my great bottle of champagne in the fridge will likely go unopened:)
Last Year:
Prediction: San Diego Housing Market drops 15%.Actual: -27%
Prediction: Fed lowers interest rates to 3% by year end.
Actual: 0% to 0.25% (Started at 4.5%)
Prediction: Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
Actual: Recession declared, dollar fell for most of the year, but rose in the end except vs. the yen, but CPI stayed mute in the end at 1.1%
Prediction: The Euro hits $1.45, the Yen hits 100/$, and gas goes over $4.00 per gallon.
Actual: Euro hit mid 1.20’s. Euro ended the year at 1.40 (Started year at 1.47), and Yen at 90 (Started year at 110). Gas definitely went over $4.00 per gallon (started the year around $3.20), but eventually came back down to where it is now.
Stock Market Drops 20% from 2007 End.
Actual: DJIA down 34%, S&P 39%
John McCain beats Obama in the national election as republicans flock to him in masse, and Obama’s inexperience pulls enough independents into the McCain camp. If Bloomberg enters a three way race, Obama wins.
Actual: I got the final candidates right, but the winner wrong. Obama didn’t make any big mistakes: I thought he would.
Foreclosures skyrocket, social acceptability of walking jingle mail is cemented, and banks start to voluntarily write loans down and freeze interest rates rather than foreclose.
Actual: Foreclosures up 300-400%, jingle mail not quite cemented, banks not quite voluntarily writing down loans yet
Unemployment hits 6%, and $50K in the bank becomes as fashionable as a hummer was 2 years ago.
Unemployment at 6.7% starting from 4.9%. $50K in the bank more fashionable now than a hummer was 2 years ago.
Stan
-
January 1, 2009 at 11:27 PM #322509
stockstradr
ParticipantJust discovered while trying to cure insomnia with late night browsing:
http://market-ticker.denninger.net/authors/2-Karl-Denninger
This appears to be at least three parts brilliant opinions also mixed with one part posts of complete lunacy.
-
January 2, 2009 at 2:01 AM #322519
CA renter
ParticipantKarl is right on the mark, IMHO.
My predictions would greatly mirror his.
-
January 2, 2009 at 4:29 AM #322539
Arraya
ParticipantCA-I agree Karl has an amazing understanding of the big picture. Him along with Mish and automatic earthare all extremely precise in seeing what’s coming.
http://theautomaticearth.blogspot.com/
And may you find the strength and wisdom to lower your expectations when it comes to money and material possessions. A lot of dreams will be shattered in 2009, a lot of things once taken for granted will disappear and never return. My biggest fear looking forward is probably that many of us will not be able to adapt to the vision of a future with less of almost everything. The reactions of younger generations to the realization that the vast majority among them will not be able to do as well as their parents could be rough and violent. Millions upon millions in the western world who are today reasonably well-off, and expect to retire with a nice pension, will find when the time comes that that dream is gone too.
They may feel entitled to comfort after a life of work, but their children will feel entitled to jobs and wealth and health care and schools for their own children. And there will simply not be enough to go around. Those who have been lucky enough to live the good life in the past decades will need to share, to give up a large part of what they have, or societies and communities will implode. But will they understand the problems and their implications in time to make the necessary adjustments? I am not very optimistic. Politicians, generally speaking, will be useless in processes such as these. They will give the majority of voters what they want: more of the same, or at the very least promises of more of the same. The outcome could give a whole new, and not too kind, meaning to the term ‘generational conflict’.
Things that will start to play out in the world at large in early 2009 all have to do with how to cut a shrinking pie. In particular, individuals, companies and governments all will find it much harder to finance their day to day dealings. And we will find out that many parties are in much worse positions than they have let on until now. Many levels of government have hidden a lot of trouble from their constituents, and most will now have to come clean. The only feasible ways to get their books in order are raising taxes and issuing bonds.
But tax increases are a short and narrow dead-end street when people lose their jobs and homes. And the bond markets will soon be so bloated with the excess in offerings that the price to sell them will be too overwhelming across the board. The same, of course, is true of corporate bonds. The LA Times series Hooked on Debt paints a chilling picture of the financial past and future of California, and there is no way others haven’t done the same things.
Internationally, we will see trade wars of many varieties, protectionism, debt defaults and entire countries simply going bankrupt. Once a country is sufficiently isolated in trade, it may attempt to inflate its way to happiness, even though that is clearly impossible. There will be governments that point beyond their borders to guilty scapegoats next door. In many places, troops will be gathered on both sides of borders. Inside countries, governments will be tested, tried and sometimes overthrown, with many an army and police force acting against their own citizens. Athens and Bangkok will be replayed on a 1000 stages across the globe.
In the US, government lending and spending has broken through all previously set limits. The Treasury hands taxpayers’ money to the bankrupt financing arms of defunct carmakers, who use the money to offer 0% loans to people who should never not be buying new cars or homes. Literally everything the Treasury and Fed have done in the past year has been utterly wrong, and guaranteed to make matters much worse. For the man in the street, that is. Not for the wealthy.
The next steps are undoubtedly long since on the table: massively more, and more massive, “rescue” operations, funded with your children’s ability to repay, and all focused on making you consume, no matter how broke you may already be. Remember, even with a 0% interest rate, a debt is still a debt. Don’t go there. From the point of view of democratic politics, the US turns more into a farce each passing day. The Treasury has no qualms spending more than Congress provided. Yeah, so what, what is anybody going to do to stop them? The Treasury makes public money available to Cerberus, a private company that doesn’t even have to open its books. So what are you going to do?
-
January 2, 2009 at 4:29 AM #322885
Arraya
ParticipantCA-I agree Karl has an amazing understanding of the big picture. Him along with Mish and automatic earthare all extremely precise in seeing what’s coming.
http://theautomaticearth.blogspot.com/
And may you find the strength and wisdom to lower your expectations when it comes to money and material possessions. A lot of dreams will be shattered in 2009, a lot of things once taken for granted will disappear and never return. My biggest fear looking forward is probably that many of us will not be able to adapt to the vision of a future with less of almost everything. The reactions of younger generations to the realization that the vast majority among them will not be able to do as well as their parents could be rough and violent. Millions upon millions in the western world who are today reasonably well-off, and expect to retire with a nice pension, will find when the time comes that that dream is gone too.
They may feel entitled to comfort after a life of work, but their children will feel entitled to jobs and wealth and health care and schools for their own children. And there will simply not be enough to go around. Those who have been lucky enough to live the good life in the past decades will need to share, to give up a large part of what they have, or societies and communities will implode. But will they understand the problems and their implications in time to make the necessary adjustments? I am not very optimistic. Politicians, generally speaking, will be useless in processes such as these. They will give the majority of voters what they want: more of the same, or at the very least promises of more of the same. The outcome could give a whole new, and not too kind, meaning to the term ‘generational conflict’.
Things that will start to play out in the world at large in early 2009 all have to do with how to cut a shrinking pie. In particular, individuals, companies and governments all will find it much harder to finance their day to day dealings. And we will find out that many parties are in much worse positions than they have let on until now. Many levels of government have hidden a lot of trouble from their constituents, and most will now have to come clean. The only feasible ways to get their books in order are raising taxes and issuing bonds.
But tax increases are a short and narrow dead-end street when people lose their jobs and homes. And the bond markets will soon be so bloated with the excess in offerings that the price to sell them will be too overwhelming across the board. The same, of course, is true of corporate bonds. The LA Times series Hooked on Debt paints a chilling picture of the financial past and future of California, and there is no way others haven’t done the same things.
Internationally, we will see trade wars of many varieties, protectionism, debt defaults and entire countries simply going bankrupt. Once a country is sufficiently isolated in trade, it may attempt to inflate its way to happiness, even though that is clearly impossible. There will be governments that point beyond their borders to guilty scapegoats next door. In many places, troops will be gathered on both sides of borders. Inside countries, governments will be tested, tried and sometimes overthrown, with many an army and police force acting against their own citizens. Athens and Bangkok will be replayed on a 1000 stages across the globe.
In the US, government lending and spending has broken through all previously set limits. The Treasury hands taxpayers’ money to the bankrupt financing arms of defunct carmakers, who use the money to offer 0% loans to people who should never not be buying new cars or homes. Literally everything the Treasury and Fed have done in the past year has been utterly wrong, and guaranteed to make matters much worse. For the man in the street, that is. Not for the wealthy.
The next steps are undoubtedly long since on the table: massively more, and more massive, “rescue” operations, funded with your children’s ability to repay, and all focused on making you consume, no matter how broke you may already be. Remember, even with a 0% interest rate, a debt is still a debt. Don’t go there. From the point of view of democratic politics, the US turns more into a farce each passing day. The Treasury has no qualms spending more than Congress provided. Yeah, so what, what is anybody going to do to stop them? The Treasury makes public money available to Cerberus, a private company that doesn’t even have to open its books. So what are you going to do?
-
January 2, 2009 at 4:29 AM #322945
Arraya
ParticipantCA-I agree Karl has an amazing understanding of the big picture. Him along with Mish and automatic earthare all extremely precise in seeing what’s coming.
http://theautomaticearth.blogspot.com/
And may you find the strength and wisdom to lower your expectations when it comes to money and material possessions. A lot of dreams will be shattered in 2009, a lot of things once taken for granted will disappear and never return. My biggest fear looking forward is probably that many of us will not be able to adapt to the vision of a future with less of almost everything. The reactions of younger generations to the realization that the vast majority among them will not be able to do as well as their parents could be rough and violent. Millions upon millions in the western world who are today reasonably well-off, and expect to retire with a nice pension, will find when the time comes that that dream is gone too.
They may feel entitled to comfort after a life of work, but their children will feel entitled to jobs and wealth and health care and schools for their own children. And there will simply not be enough to go around. Those who have been lucky enough to live the good life in the past decades will need to share, to give up a large part of what they have, or societies and communities will implode. But will they understand the problems and their implications in time to make the necessary adjustments? I am not very optimistic. Politicians, generally speaking, will be useless in processes such as these. They will give the majority of voters what they want: more of the same, or at the very least promises of more of the same. The outcome could give a whole new, and not too kind, meaning to the term ‘generational conflict’.
Things that will start to play out in the world at large in early 2009 all have to do with how to cut a shrinking pie. In particular, individuals, companies and governments all will find it much harder to finance their day to day dealings. And we will find out that many parties are in much worse positions than they have let on until now. Many levels of government have hidden a lot of trouble from their constituents, and most will now have to come clean. The only feasible ways to get their books in order are raising taxes and issuing bonds.
But tax increases are a short and narrow dead-end street when people lose their jobs and homes. And the bond markets will soon be so bloated with the excess in offerings that the price to sell them will be too overwhelming across the board. The same, of course, is true of corporate bonds. The LA Times series Hooked on Debt paints a chilling picture of the financial past and future of California, and there is no way others haven’t done the same things.
Internationally, we will see trade wars of many varieties, protectionism, debt defaults and entire countries simply going bankrupt. Once a country is sufficiently isolated in trade, it may attempt to inflate its way to happiness, even though that is clearly impossible. There will be governments that point beyond their borders to guilty scapegoats next door. In many places, troops will be gathered on both sides of borders. Inside countries, governments will be tested, tried and sometimes overthrown, with many an army and police force acting against their own citizens. Athens and Bangkok will be replayed on a 1000 stages across the globe.
In the US, government lending and spending has broken through all previously set limits. The Treasury hands taxpayers’ money to the bankrupt financing arms of defunct carmakers, who use the money to offer 0% loans to people who should never not be buying new cars or homes. Literally everything the Treasury and Fed have done in the past year has been utterly wrong, and guaranteed to make matters much worse. For the man in the street, that is. Not for the wealthy.
The next steps are undoubtedly long since on the table: massively more, and more massive, “rescue” operations, funded with your children’s ability to repay, and all focused on making you consume, no matter how broke you may already be. Remember, even with a 0% interest rate, a debt is still a debt. Don’t go there. From the point of view of democratic politics, the US turns more into a farce each passing day. The Treasury has no qualms spending more than Congress provided. Yeah, so what, what is anybody going to do to stop them? The Treasury makes public money available to Cerberus, a private company that doesn’t even have to open its books. So what are you going to do?
-
January 2, 2009 at 4:29 AM #322962
Arraya
ParticipantCA-I agree Karl has an amazing understanding of the big picture. Him along with Mish and automatic earthare all extremely precise in seeing what’s coming.
http://theautomaticearth.blogspot.com/
And may you find the strength and wisdom to lower your expectations when it comes to money and material possessions. A lot of dreams will be shattered in 2009, a lot of things once taken for granted will disappear and never return. My biggest fear looking forward is probably that many of us will not be able to adapt to the vision of a future with less of almost everything. The reactions of younger generations to the realization that the vast majority among them will not be able to do as well as their parents could be rough and violent. Millions upon millions in the western world who are today reasonably well-off, and expect to retire with a nice pension, will find when the time comes that that dream is gone too.
They may feel entitled to comfort after a life of work, but their children will feel entitled to jobs and wealth and health care and schools for their own children. And there will simply not be enough to go around. Those who have been lucky enough to live the good life in the past decades will need to share, to give up a large part of what they have, or societies and communities will implode. But will they understand the problems and their implications in time to make the necessary adjustments? I am not very optimistic. Politicians, generally speaking, will be useless in processes such as these. They will give the majority of voters what they want: more of the same, or at the very least promises of more of the same. The outcome could give a whole new, and not too kind, meaning to the term ‘generational conflict’.
Things that will start to play out in the world at large in early 2009 all have to do with how to cut a shrinking pie. In particular, individuals, companies and governments all will find it much harder to finance their day to day dealings. And we will find out that many parties are in much worse positions than they have let on until now. Many levels of government have hidden a lot of trouble from their constituents, and most will now have to come clean. The only feasible ways to get their books in order are raising taxes and issuing bonds.
But tax increases are a short and narrow dead-end street when people lose their jobs and homes. And the bond markets will soon be so bloated with the excess in offerings that the price to sell them will be too overwhelming across the board. The same, of course, is true of corporate bonds. The LA Times series Hooked on Debt paints a chilling picture of the financial past and future of California, and there is no way others haven’t done the same things.
Internationally, we will see trade wars of many varieties, protectionism, debt defaults and entire countries simply going bankrupt. Once a country is sufficiently isolated in trade, it may attempt to inflate its way to happiness, even though that is clearly impossible. There will be governments that point beyond their borders to guilty scapegoats next door. In many places, troops will be gathered on both sides of borders. Inside countries, governments will be tested, tried and sometimes overthrown, with many an army and police force acting against their own citizens. Athens and Bangkok will be replayed on a 1000 stages across the globe.
In the US, government lending and spending has broken through all previously set limits. The Treasury hands taxpayers’ money to the bankrupt financing arms of defunct carmakers, who use the money to offer 0% loans to people who should never not be buying new cars or homes. Literally everything the Treasury and Fed have done in the past year has been utterly wrong, and guaranteed to make matters much worse. For the man in the street, that is. Not for the wealthy.
The next steps are undoubtedly long since on the table: massively more, and more massive, “rescue” operations, funded with your children’s ability to repay, and all focused on making you consume, no matter how broke you may already be. Remember, even with a 0% interest rate, a debt is still a debt. Don’t go there. From the point of view of democratic politics, the US turns more into a farce each passing day. The Treasury has no qualms spending more than Congress provided. Yeah, so what, what is anybody going to do to stop them? The Treasury makes public money available to Cerberus, a private company that doesn’t even have to open its books. So what are you going to do?
-
January 2, 2009 at 4:29 AM #323041
Arraya
ParticipantCA-I agree Karl has an amazing understanding of the big picture. Him along with Mish and automatic earthare all extremely precise in seeing what’s coming.
http://theautomaticearth.blogspot.com/
And may you find the strength and wisdom to lower your expectations when it comes to money and material possessions. A lot of dreams will be shattered in 2009, a lot of things once taken for granted will disappear and never return. My biggest fear looking forward is probably that many of us will not be able to adapt to the vision of a future with less of almost everything. The reactions of younger generations to the realization that the vast majority among them will not be able to do as well as their parents could be rough and violent. Millions upon millions in the western world who are today reasonably well-off, and expect to retire with a nice pension, will find when the time comes that that dream is gone too.
They may feel entitled to comfort after a life of work, but their children will feel entitled to jobs and wealth and health care and schools for their own children. And there will simply not be enough to go around. Those who have been lucky enough to live the good life in the past decades will need to share, to give up a large part of what they have, or societies and communities will implode. But will they understand the problems and their implications in time to make the necessary adjustments? I am not very optimistic. Politicians, generally speaking, will be useless in processes such as these. They will give the majority of voters what they want: more of the same, or at the very least promises of more of the same. The outcome could give a whole new, and not too kind, meaning to the term ‘generational conflict’.
Things that will start to play out in the world at large in early 2009 all have to do with how to cut a shrinking pie. In particular, individuals, companies and governments all will find it much harder to finance their day to day dealings. And we will find out that many parties are in much worse positions than they have let on until now. Many levels of government have hidden a lot of trouble from their constituents, and most will now have to come clean. The only feasible ways to get their books in order are raising taxes and issuing bonds.
But tax increases are a short and narrow dead-end street when people lose their jobs and homes. And the bond markets will soon be so bloated with the excess in offerings that the price to sell them will be too overwhelming across the board. The same, of course, is true of corporate bonds. The LA Times series Hooked on Debt paints a chilling picture of the financial past and future of California, and there is no way others haven’t done the same things.
Internationally, we will see trade wars of many varieties, protectionism, debt defaults and entire countries simply going bankrupt. Once a country is sufficiently isolated in trade, it may attempt to inflate its way to happiness, even though that is clearly impossible. There will be governments that point beyond their borders to guilty scapegoats next door. In many places, troops will be gathered on both sides of borders. Inside countries, governments will be tested, tried and sometimes overthrown, with many an army and police force acting against their own citizens. Athens and Bangkok will be replayed on a 1000 stages across the globe.
In the US, government lending and spending has broken through all previously set limits. The Treasury hands taxpayers’ money to the bankrupt financing arms of defunct carmakers, who use the money to offer 0% loans to people who should never not be buying new cars or homes. Literally everything the Treasury and Fed have done in the past year has been utterly wrong, and guaranteed to make matters much worse. For the man in the street, that is. Not for the wealthy.
The next steps are undoubtedly long since on the table: massively more, and more massive, “rescue” operations, funded with your children’s ability to repay, and all focused on making you consume, no matter how broke you may already be. Remember, even with a 0% interest rate, a debt is still a debt. Don’t go there. From the point of view of democratic politics, the US turns more into a farce each passing day. The Treasury has no qualms spending more than Congress provided. Yeah, so what, what is anybody going to do to stop them? The Treasury makes public money available to Cerberus, a private company that doesn’t even have to open its books. So what are you going to do?
-
-
January 2, 2009 at 2:01 AM #322865
CA renter
ParticipantKarl is right on the mark, IMHO.
My predictions would greatly mirror his.
-
January 2, 2009 at 2:01 AM #322925
CA renter
ParticipantKarl is right on the mark, IMHO.
My predictions would greatly mirror his.
-
January 2, 2009 at 2:01 AM #322942
CA renter
ParticipantKarl is right on the mark, IMHO.
My predictions would greatly mirror his.
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January 2, 2009 at 2:01 AM #323021
CA renter
ParticipantKarl is right on the mark, IMHO.
My predictions would greatly mirror his.
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January 1, 2009 at 11:27 PM #322855
stockstradr
ParticipantJust discovered while trying to cure insomnia with late night browsing:
http://market-ticker.denninger.net/authors/2-Karl-Denninger
This appears to be at least three parts brilliant opinions also mixed with one part posts of complete lunacy.
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January 1, 2009 at 11:27 PM #322915
stockstradr
ParticipantJust discovered while trying to cure insomnia with late night browsing:
http://market-ticker.denninger.net/authors/2-Karl-Denninger
This appears to be at least three parts brilliant opinions also mixed with one part posts of complete lunacy.
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January 1, 2009 at 11:27 PM #322931
stockstradr
ParticipantJust discovered while trying to cure insomnia with late night browsing:
http://market-ticker.denninger.net/authors/2-Karl-Denninger
This appears to be at least three parts brilliant opinions also mixed with one part posts of complete lunacy.
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January 1, 2009 at 11:27 PM #323012
stockstradr
ParticipantJust discovered while trying to cure insomnia with late night browsing:
http://market-ticker.denninger.net/authors/2-Karl-Denninger
This appears to be at least three parts brilliant opinions also mixed with one part posts of complete lunacy.
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January 2, 2009 at 9:26 AM #322564
Raybyrnes
ParticipantHere is a Prediction. About 2 years ago families across the US were up in arms due to the variable rate Federal Student Loan Program. The rates were going up but did have reasonable caps on them. To appease the masses the governemtn stepped in and fixed the rates on Stafford Loans at 6.8% and Federal PLUS loans at 8.5%. Had they left the old program in place these rates would be more in the line of 3 % for Stafford loans and 5 % for PLUS loans.
I predict that the Department of education is going to have to address this in the upcoming year and Reauthorize the Higher Education Act to reflect interest rates that are more in line with the current environment. For those that are in their homes with substantial equity and students getting ready to go off to school I would suggest utilizing all Federal Stafford loans both subsidized and unsubsidized but turning to the Home equity line for additional financing if needed. -
January 2, 2009 at 9:26 AM #322909
Raybyrnes
ParticipantHere is a Prediction. About 2 years ago families across the US were up in arms due to the variable rate Federal Student Loan Program. The rates were going up but did have reasonable caps on them. To appease the masses the governemtn stepped in and fixed the rates on Stafford Loans at 6.8% and Federal PLUS loans at 8.5%. Had they left the old program in place these rates would be more in the line of 3 % for Stafford loans and 5 % for PLUS loans.
I predict that the Department of education is going to have to address this in the upcoming year and Reauthorize the Higher Education Act to reflect interest rates that are more in line with the current environment. For those that are in their homes with substantial equity and students getting ready to go off to school I would suggest utilizing all Federal Stafford loans both subsidized and unsubsidized but turning to the Home equity line for additional financing if needed. -
January 2, 2009 at 9:26 AM #322971
Raybyrnes
ParticipantHere is a Prediction. About 2 years ago families across the US were up in arms due to the variable rate Federal Student Loan Program. The rates were going up but did have reasonable caps on them. To appease the masses the governemtn stepped in and fixed the rates on Stafford Loans at 6.8% and Federal PLUS loans at 8.5%. Had they left the old program in place these rates would be more in the line of 3 % for Stafford loans and 5 % for PLUS loans.
I predict that the Department of education is going to have to address this in the upcoming year and Reauthorize the Higher Education Act to reflect interest rates that are more in line with the current environment. For those that are in their homes with substantial equity and students getting ready to go off to school I would suggest utilizing all Federal Stafford loans both subsidized and unsubsidized but turning to the Home equity line for additional financing if needed. -
January 2, 2009 at 9:26 AM #322987
Raybyrnes
ParticipantHere is a Prediction. About 2 years ago families across the US were up in arms due to the variable rate Federal Student Loan Program. The rates were going up but did have reasonable caps on them. To appease the masses the governemtn stepped in and fixed the rates on Stafford Loans at 6.8% and Federal PLUS loans at 8.5%. Had they left the old program in place these rates would be more in the line of 3 % for Stafford loans and 5 % for PLUS loans.
I predict that the Department of education is going to have to address this in the upcoming year and Reauthorize the Higher Education Act to reflect interest rates that are more in line with the current environment. For those that are in their homes with substantial equity and students getting ready to go off to school I would suggest utilizing all Federal Stafford loans both subsidized and unsubsidized but turning to the Home equity line for additional financing if needed. -
January 2, 2009 at 9:26 AM #323067
Raybyrnes
ParticipantHere is a Prediction. About 2 years ago families across the US were up in arms due to the variable rate Federal Student Loan Program. The rates were going up but did have reasonable caps on them. To appease the masses the governemtn stepped in and fixed the rates on Stafford Loans at 6.8% and Federal PLUS loans at 8.5%. Had they left the old program in place these rates would be more in the line of 3 % for Stafford loans and 5 % for PLUS loans.
I predict that the Department of education is going to have to address this in the upcoming year and Reauthorize the Higher Education Act to reflect interest rates that are more in line with the current environment. For those that are in their homes with substantial equity and students getting ready to go off to school I would suggest utilizing all Federal Stafford loans both subsidized and unsubsidized but turning to the Home equity line for additional financing if needed.
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