Monday, January 5, 2009
The economic outlook
I like to keep a finger on the pulse of what's going on in the financial world and our economy that seems to be spinning around the waters of the toilet bowl. As I've said before current conditions are repeats of bad economies of the past. The bubble burst, people lost their homes and unemployment is rising. Demand is falling leading to less production and more layoffs. The downward cycle continues until either Uncle Sam steps in to pump things up or we have a war. (Oh that's right we're in two wars at present and that's not helping.)
As I see it we'll have an uptick around spring or summer followed by another round of bad economic news. The other shoe in housing will drop in late 2009 and into 2010. And right on que the republicans are circling the wagons to screw things up as they prepare to try and halt any spending for the average guy that might actually help us out of this mess. The following guy ( a guru of wall street ) has predicted about what I just said above. The only reason I was able to see it was a good look at housing and spending back in late 07. When you stagger into Denny's at 2:00 am with $5 and some loose change in your pocket and you wonder where all that cash you had in your wallet went to well I think you get the picture (analogy). At least I hope you got it.
A peek into the future
You know why women don't have crystal babies?
Because men don't have crystal balls.