By the close of 2010 it will become clear that the additional 30,000 troops deployed by the Obama Administration (bringing the total number of American troops in the country to 100,000) will be insufficent to counter an increasingly confident Taliban insurgency operating deep inside of Northern Pakistan. In the face of mounting American casualties and […]
2010 Prediction: U.S. troop deployment to Afghanistan Read More »
It is obvious that the Federal Reserve (the Fed) is largely to blame for the current debt bubble by manipulating the price and supply of money and infusing large amounts of liquidity into the free market while keeping interest rates much too low, for much too long. According to economist Barry Eichengreen of the University
Federal Reserve Forecast 2009-2011: The Coming Collapse of the Federal Reserve Read More »
The Federal Reserve is the central banking system of the United States. It was created by Congress and enacted as the Federal Reserve Act which was signed into law by President Woodrow Wilson on December 23rd 1913 at 6:02 pm. The Federal Reserve banking system is a quasi government entity that is composed of 13
Federal Reserve Analysis Read More »
NOTE: (June 30, 2009) (Reuters) The lengthy recession has proved discouraging for the swelling ranks of unemployed Americans, and forced U.S. states obligated to pay them jobless benefits to pile debt on their already strained budgets. Fifteen states have depleted their unemployment insurance funds so far, forcing them to borrow from the U.S. Treasury. A
Note #2 to “End of Recession in 2009?” Read More »
Update to my previous prediciton on the outcome of the 2008 Minnesota Senate Election: CNN Breaking News: Minnesota’s Supreme Court has declared Democrat Al Franken the winner of the state’s disputed U.S. Senate race. (Associated Press) ST. PAUL, Minn. – Al Franken ascended Tuesday from the ranks of former “Saturday Night Live” comedians to an
UPDATE to Minnesota Senate Election: Franken wins, Coleman concedes. Read More »
NEW YORK (Reuters) – The U.S. economy will not recover until the end of this year, and even then growth will remain meek and vulnerable to higher interest rates and commodity prices, economist Nouriel Roubini said on Tuesday. Roubini, who rose to prominence for predicting the global credit crisis, tore down the “green shoots” theory
Note to “End of U.S. Recession in 2009?” Read More »
June 8, 2009. Note: Bankruptcy filings are apt to exceed the 2005 number eventually, given data like Jobs Contract 17th Straight Month; Unemployment Rate Soars to 9.4%. The USA Today is reporting Bankruptcy filings rise to 6,000 a day as job losses take toll. Last month commercial bankruptcy filings hit 376 a day, up from
Prediction Update: End of U.S. Recession in 2009? Read More »
According to the Associated Press more than 90 percent of economists predict the U.S. recession will end this year. About 74 percent of economic forecasters expect the recession — which started in December 2007 and is the longest since World War II, to end in the third quarter of 2009. Another 19 percent predict the turning point will come in the final three months of this year, and the remaining 7 percent believe the recession will end in the first quarter of 2010. Even Federal Reserve Chairman Ben Bernanke and NABE forecasters say the recession will end later this year, barring any new shocks to the economy.
However many consumers and investors are skeptical of such optimistic forecast. A Rasmussen Reports telephone survey of 1,500 adults for May 27th state that 79% believe that the U.S. economy in a recession with only 8% stating no, and 14% unsure. Another survey showed that 57% of consumers rated the U.S. economy as poor with fewer than 10% saying it is good, or excellent. Finally the latest Rasmussen Reports survey finds that 58% say the nation is moving down the wrong track.
So the question is “Will the U.S. recession end by the end of the third quarter of 2009 as predicted by most economists”?
End of U.S. Recession in 2009? Read More »
These predictions were originally posted on my website www.williamstickevers.com between April 3 and May 26, 2009. Economy: U.S. Great Depression II: The current U.S. recession will turn into a second Great Depression by December 2010. (April 3, 2009) NOTE: The U.S. economy entered a recession in December 2007, according to a committee of economists at
2010 Predictions: U.S. Economy Read More »
This prediction was originally posted on my website www.williamstickevers.com on March 13, 2009. Homeland Security Mexico will be on the verge of systemic collapse due to a series of secular events that will create an economic meltdown. This crisis will weaken the Mexican government’s ability to maintain civic order and control. This will be followed
2010 Predictions: U.S. Homeland Security Read More »
