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 »
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
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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
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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”?
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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
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This prediction was originally posted on my website www.williamstickevers.com on March 1, 2009. Economy: Global The economic model of globalization that was established by the transnational corporate groups during the mid-sixties (Uranus/Pluto conjunction) and dominated most of the planet during the past 40 years is in its last death throes and will be replaced starting
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A note to my prediction made on January 10, 2009: Regardless of the automotive industry bailout General Motors will still declare bankruptcy by the end of 2009. (Jan. 10, 2009) NOTE: According to astrologer Susan Manual, General Motors filed for Chapter 11 bankruptcy early this Monday morning (June 1, 2009 at 7:57:51 AM), in Detroit,
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This prediction was originally posted on my website www.williamstickevers.com on January 10, 2009. War The once formidable U.S. war machine will continue in 2009 to hemorrhage its diminishing resources fighting two simultaneous foreign wars in Iraq and Afghanistan. (Jan. 10, 2009)
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These predictions were originally posted on my website www.williamstickevers.com on January 16 and 25, 2009. Economy: Global Despite the global financial crisis the Chinese economy will continue to grow a robust 8% or more. (Jan. 16, 2009) China will surpass Germany to be the world’s biggest exporter by late 2009. (Jan. 16, 2009) China gross
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These predictions were originally posted on my website www.williamstickevers.com on January 10 and 25, 2009. Economy: Real Estate The U.S. housing crisis will continue to deepen with existing home sales dropping another 12 percent while existing home prices fall another 5 percent as the nationwide inventory of foreclosed homes and other distressed properties reach record
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