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Post by jeffolie on Jan 1, 2010 16:02:20 GMT -6
Make predictions for 2010.
Here are mine:
Throw the bastards out of office is gaining ground.
This repeats my year old ascertions made prior to Obama winning the last elections that Obama and the Democrats will lose enough power to fail after the 2010 elections to get anything done.
jeffolie predicted...2010 food crisis that I made in 2008.
jeffolie predicted...stock market gains to May which is the traditional seasonal high hence the long standing cliche of 'sell in May and go away'.
jeffolie predicted...housing prices will stabilize sometime in 2010 but please understand that this stabilizing does not mean rising prices it merely means that housing prices will stop going down because inflation will start.
jeffolie predicted... inflation will start in 2010 made in 2008.
jeffolie predicted...new jobs program in 2010.
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Post by agito on Jan 1, 2010 16:31:21 GMT -6
I'm in psuedo-agreement with most of your comments
the food crisis will be international, and like most international things, we won't notice it here in america. It will affect us indirectly in that prices of some imported goods will start to rise.
Inflation won't be an issue, the fed is dieing to have an excuse to raise the rates. Which means the second dip of our recession will start this year, and my guess is analogous to jeffolies may prediction- and expect it to bottom in september and then finally start going up as christmas moves things into gear.
The jobs bill will also have direct tax refund in it- probably about $200 which everyone will agree is weak.
There will be a full blown conflict in Iran, and the Obama administration is going to dally with that as it realizes it has to junk the diplomatic efforts of 2009. India will be a surprise player in it.
The next prediction will develop over the next decade- but 2010 will be known as the year terrorism migrated to africa. We will still have troops in afghanistan and maybe Iraq when various special interests will call for an interjection in AFrica and Obama will get his "one alloted war per president'" It might even end up being in somalia again.
Oil is going to be a nonstory- fluctuating between 60 and 90$ barrel. the $90 will come as investors desperately find an asset to invest in in may.
I'm calling a precious metals bubble right now, and there is an outside chance of it popping this year, but my safe bet is that it will happen in 2013.
Despite all this, the elections will be the dems to lose, what few seats the repubs gain from dems will be lost to independent tea party candidates at the same time.
Obama will finish the year with an approval rating +5 where it is now.
The biggest surprise will be the strengthening of the dollar as more countries BRIC their portfolios, and realize the not-so-pleasant side affects of actually diversifying. (this might have started this year).
Some of these predictions are kind of off the wall- because i've only put this mornings thought into them- but it's a fun game- here's to looking at 2010 being better than 2009!
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Post by waltc on Jan 1, 2010 17:51:19 GMT -6
Here's my predictions:
Unemployment will continue to creep upwards despite the government's assurances. How can it be otherwise with the private sector doing everything possible to shed jobs.
State and sales tax revenues will continue to decline adding further fiscal pressure on the states and by association the Feds who will have to bail them out.
Consumer spending will continue to decline.
Obama will push hard for the Amnesty for Illegals legislation pissing off working class and unemployed Americans something horrible and will end up costing the Democrats control of the Senate and probably some governorships as well.
Obama, Helicopter Ben and TurboTax Timmy will continue to be moral hazards for the nation and the dollar with their policy of bailing out the rich and screwing everyone else.
The artificially inflated stock market will tank - but it may not happen next year, its about how long the Fed and Wall Street can maintain the illusion of a healthy stock market. In a sense its a fact not a prediction.
Housing and Commercial Real Estate will continue their declines.
Small businesses will continue to be hammered with no relief forthcoming.
The MSM will continue whoring for Wall Street and telling everyone the Recession is over and good times are coming back.
I expect the housing bubbles in Canada and China to finally pop.
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Post by agito on Jan 2, 2010 10:42:24 GMT -6
i wasn't aware of a housing bubble in canadia- I guess i never pay attn to that country- i'll be sure to look for that.
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Post by graybeard on Jan 2, 2010 12:33:01 GMT -6
I predict Gold Sachs will collude with Communist China to impoverish the USA.
Oh, that's already happened...
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Post by fredorbob on Jan 3, 2010 10:53:17 GMT -6
My predictions for 2010: Democrats will remain in control of Congress. haha
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Post by graybeard on Jan 3, 2010 18:48:28 GMT -6
President Obama took office promising a new era of bipartisanship, a wave of international cooperation and a full plate of domestic reforms touching everything from health care to immigration. That was last year. The Obama of 2010 looks to be a little less idealist, a lot more realist.
I like he will win man of the year again in 2010.
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Post by mICHAEL on Jan 3, 2010 23:05:35 GMT -6
2010 will be a terrible year. I agree with much of what everyone said.
By the end of Q1, it will be obvious that there is no recovery and that we are in a depression, despite the best efforts of the govt and media to deceive the public. The public will lose any trust it had in the govt and MSM and there wiil be a huge flight from the Republicrat parties.
The govt will extend unemployment benefits in an attempt to keep the unemployed from rioting. Despite this, there will be marches for jobs that will eventually lead to riots.
Tent cities will grow across the country.
Foreigners will stop financing our debt, and the Fed will start printing trillions of $ to finance its wars and bankster bailouts.
The govt will use the phony "lap bomber" to take away more civil liberties and to try to keep Americans distracted from the economy.
Obama's approval rating will go into the 30s.
Bombings of Pakistan and Yemen will increase.
America's Israeli puppet government will continue to protect Israel from the rest of the world as it cotinues to steal what remeins of the West Bank from the Palestininas.
Israel and it's puppet in DC will attack Iran, maybe with nuclear weapons.
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Post by agito on Jan 24, 2010 12:37:06 GMT -6
hey UnLC- I don't suppose we could sticky this thread for the year and see how we do come december?
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Post by graybeard on Jan 24, 2010 22:46:37 GMT -6
Before you do that, please remove that Graybeard guest post above; it wasn't me. I do English gooder than that...
GB
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Post by agito on Jan 31, 2010 22:06:08 GMT -6
here's another one:
there will be a closed door meeting with the president and both houses, there will be rumors about it having something to do with china, and in the subsequent weeks there will be rapid changes to the regulations concerning financial activity. To us the regulations won't make sense, and some will restrict our freedom and have a few of us howling (denninger especially). The real aim though is to lock down chinese investments so it's more difficult for them to move their money at their will.
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Post by unlawflcombatnt on Feb 1, 2010 3:16:05 GMT -6
hey UnLC- I don't suppose we could sticky this thread for the year and see how we do come december? That's a good idea. I'll do it.
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Post by jeffolie on May 14, 2010 9:44:00 GMT -6
Did you exit your stock positions?
jeffolie predicted...stock market gains to May which is the traditional seasonal high hence the long standing cliche of 'sell in May and go away'.
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Post by economist34 on Jan 18, 2011 11:16:42 GMT -6
Hi, my predictions for 2010 are that Obama is gonna stay the president and the economy will grow. New laws in green card politics will be made...
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Post by whoswho on Jan 18, 2011 12:14:00 GMT -6
LOL, you're going backwards? I believe this is 2011? ;D
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