Time to Start Predicting for 2010

[(former)FormerSanDiegan]

[quote=Aecetia]
I also found this prediction that is a bit negative, but worth looking at, but I hope he is wrong about the terror attack:

Gerald Celente predicted a crash in 2010. According to Celente, last year’s economic collapse never hit bottom because government bailouts kept things propped up. To make matters worse this year, there will be a collapse in the commercial real estate market, he continued. Celente anticipates a 9/11 level terrorist attack that banks will use as an excuse to devalue our currency. He suggested people refrain from debt spending, keep some cash on hand, and buy local (American made) products when possible.
Gerald Celente has a knack for getting the zeitgeist right.— USA Today
http://www.trendsresearch.com/
[/quote]

But, if the currency is devalued, wouldn’t debt be effectively reduced in his scenario. If one believed this scenario why wouldn;t he recommend using debt to buy hard assets?

That way, when the currency is devalued, you still have the hard assets (gold, ammo, shelter, land, etc), but the debt (which is based in a specific currency) is also devalued.

Not that I recommend that strategy, since I don;t believe the prediction is likely to come true over the course of 2010.

[CA renter]

[quote=greekfire]For all the fence-sitters:
2010 – “Steady…hold…hold!…hold!…hold!…” 2011/12 – “NOW!”

http://www.youtube.com/watch?v=w7ur3iV6Z34%5B/quote%5D

Totally agree with this. I’ve always said we wouldn’t bottom until 2012, at the earliest.

BTW, that was a fantastic scene. 🙂

[CA renter]

[quote=greekfire]For all the fence-sitters:
2010 – “Steady…hold…hold!…hold!…hold!…” 2011/12 – “NOW!”

http://www.youtube.com/watch?v=w7ur3iV6Z34%5B/quote%5D

Totally agree with this. I’ve always said we wouldn’t bottom until 2012, at the earliest.

BTW, that was a fantastic scene. 🙂

[CA renter]

[quote=greekfire]For all the fence-sitters:
2010 – “Steady…hold…hold!…hold!…hold!…” 2011/12 – “NOW!”

http://www.youtube.com/watch?v=w7ur3iV6Z34%5B/quote%5D

Totally agree with this. I’ve always said we wouldn’t bottom until 2012, at the earliest.

BTW, that was a fantastic scene. 🙂

[CA renter]

[quote=greekfire]For all the fence-sitters:
2010 – “Steady…hold…hold!…hold!…hold!…” 2011/12 – “NOW!”

http://www.youtube.com/watch?v=w7ur3iV6Z34%5B/quote%5D

Totally agree with this. I’ve always said we wouldn’t bottom until 2012, at the earliest.

BTW, that was a fantastic scene. 🙂

[CA renter]

[quote=greekfire]For all the fence-sitters:
2010 – “Steady…hold…hold!…hold!…hold!…” 2011/12 – “NOW!”

http://www.youtube.com/watch?v=w7ur3iV6Z34%5B/quote%5D

Totally agree with this. I’ve always said we wouldn’t bottom until 2012, at the earliest.

BTW, that was a fantastic scene. 🙂

[Zeitgeist]

The only monkey wrench is a human caused crisis such as one of the new nuke countries trying it out on a neighbor. That could usher in a whole new set of rules and could justify rationing, new taxes, increased surveillance on citizens, etc. Otherwise, I agree with the 2012 date for a recovery. The only reason it is being touted now is because of the 2010 Congressional races. When the economy is down, the voters turn on the people in power. By claiming the recession is over, they are evading the truth especially the real unemployment numbers and the real foreclosure numbers.

[Zeitgeist]

The only monkey wrench is a human caused crisis such as one of the new nuke countries trying it out on a neighbor. That could usher in a whole new set of rules and could justify rationing, new taxes, increased surveillance on citizens, etc. Otherwise, I agree with the 2012 date for a recovery. The only reason it is being touted now is because of the 2010 Congressional races. When the economy is down, the voters turn on the people in power. By claiming the recession is over, they are evading the truth especially the real unemployment numbers and the real foreclosure numbers.

[Zeitgeist]

The only monkey wrench is a human caused crisis such as one of the new nuke countries trying it out on a neighbor. That could usher in a whole new set of rules and could justify rationing, new taxes, increased surveillance on citizens, etc. Otherwise, I agree with the 2012 date for a recovery. The only reason it is being touted now is because of the 2010 Congressional races. When the economy is down, the voters turn on the people in power. By claiming the recession is over, they are evading the truth especially the real unemployment numbers and the real foreclosure numbers.

[Zeitgeist]

The only monkey wrench is a human caused crisis such as one of the new nuke countries trying it out on a neighbor. That could usher in a whole new set of rules and could justify rationing, new taxes, increased surveillance on citizens, etc. Otherwise, I agree with the 2012 date for a recovery. The only reason it is being touted now is because of the 2010 Congressional races. When the economy is down, the voters turn on the people in power. By claiming the recession is over, they are evading the truth especially the real unemployment numbers and the real foreclosure numbers.

[Zeitgeist]

The only monkey wrench is a human caused crisis such as one of the new nuke countries trying it out on a neighbor. That could usher in a whole new set of rules and could justify rationing, new taxes, increased surveillance on citizens, etc. Otherwise, I agree with the 2012 date for a recovery. The only reason it is being touted now is because of the 2010 Congressional races. When the economy is down, the voters turn on the people in power. By claiming the recession is over, they are evading the truth especially the real unemployment numbers and the real foreclosure numbers.

[Nor-LA-SD-guy]

The China lending clamp down does not help.

Yea I am starting to join the double dip crowd now, There was starting to be too much bullishness about the first few weeks this year.

Hmm still need to think about it, as this should be the time we start to recover though.

[Nor-LA-SD-guy]

The China lending clamp down does not help.

Yea I am starting to join the double dip crowd now, There was starting to be too much bullishness about the first few weeks this year.

Hmm still need to think about it, as this should be the time we start to recover though.

[Nor-LA-SD-guy]

The China lending clamp down does not help.

Yea I am starting to join the double dip crowd now, There was starting to be too much bullishness about the first few weeks this year.

Hmm still need to think about it, as this should be the time we start to recover though.

[Nor-LA-SD-guy]

The China lending clamp down does not help.

Yea I am starting to join the double dip crowd now, There was starting to be too much bullishness about the first few weeks this year.

Hmm still need to think about it, as this should be the time we start to recover though.

[Author]

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