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Old 09-30-2008, 10:00 PM   #21
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Originally Posted by audreyh1 View Post
FWIW I predict that when the Bureau of (whatever it is - can't remember) ....
NBER - National Bureau of Economic Research
National Bureau of Economic Research

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Old 10-01-2008, 08:06 AM   #22
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Thanks Gardnr!


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Old 10-01-2008, 10:27 PM   #23
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I enjoyed reading this prediction, although I found the part from the 'New New Deal' onwards implausible:

Henry Blodget: Bailout a Done Deal, So What Happens Now?

I would like to read an opposing view that argues that the post-bailout world will be all peaches and cream for Americans.

It's interesting that Obama is saying that the bailout is 'just a first step'. He may be preparing Americans for the possibility that Treasury is going to burn through $700B of future taxpayers' money with nothing more than a short-term burst to the nation's economy.
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Old 10-02-2008, 06:03 AM   #24
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Frankly, I agree with much of Blodget's prediction except here:

"The government announces a new New Deal, finally investing in the country's infrastructure, in the hopes that this will stimulate the economy (which it will). Investments include broadband, green tech, wireless, physical infrastructure, et al."
Henry Blodget: Bailout a Done Deal, So What Happens Now?

especially re: green tech, broadband, & wireless
(more likely the economy would be stimulated & more people employed by oil drilling off US coasts & building nuclear plants)

I also don't think housing will drop 40% to 50% everywhere - just in certain select locations where it's been waaaaay overpriced.
Retired 2009!
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Old 10-04-2008, 12:47 PM   #25
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Originally Posted by Gotadimple View Post
Hmmm . . . interesting predictions, but what about the impact of global financial markets?

There will be a world-wide recession (as there was in late 1987). For interesting perspective on the inter-relationship of "our" problem and the world's finances, see the Schwab web-site today "Breaking commentary" by Liz Ann Sonders.

-- Rita
An updated version from Liz.
Schwab Market Perspective: The Big Rescue

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