Predictions for 2010

[amrchaos]

Yeah, look at all those unemployed farmers sitting around. In 1900 about 80% of the US workforce was in farming. Now it's under 10%. Where did they all go?
This recovery will be about like other recoveries. Except slower and with less upside because massive government intervention short circuited the creative destruction process.

The farmers went into growing industry.

Where are the displaced industrial workers going?

McDonalds?

What? Are we going to found our economy on selling ourselves hamburgers?

Think it through, amigo.

It's 2010 not 1910.

The problem we are facing now are not the same as they were in 1910.

Wake up.

They are the same as they were in 1910. They are the same as they were in 1975. They are the same as they were in 1990.
Workers are assets and like all other assets flow to where they contribute the most good.
Of course if this administration makes it prohibitvely expensive to employ anyone then you are right that we will have permanently high unemployment.

I have a question for you

Do you really believe in the natural Creative-Destruction process of the Free market is the best way to handle recovery? Do you think that this is the only way we should handle recoveries, or are there other ideas you think can e emmployed?

 

[The Rabbi]

The farmers went into growing industry.

Where are the displaced industrial workers going?

McDonalds?

What? Are we going to found our economy on selling ourselves hamburgers?

Think it through, amigo.

It's 2010 not 1910.

The problem we are facing now are not the same as they were in 1910.

Wake up.

They are the same as they were in 1910. They are the same as they were in 1975. They are the same as they were in 1990.
Workers are assets and like all other assets flow to where they contribute the most good.
Of course if this administration makes it prohibitvely expensive to employ anyone then you are right that we will have permanently high unemployment.

I have a question for you

Do you really believe in the natural Creative-Destruction process of the Free market is the best way to handle recovery? Do you think that this is the only way we should handle recoveries, or are there other ideas you think can e emmployed?

Yes.
Markets are self-correcting mechanisms. We have spent larger and larger amounts of money bailing out recessions with the result that every boom in the economy is smaller. That needs to quit.

 

[amrchaos]

They are the same as they were in 1910. They are the same as they were in 1975. They are the same as they were in 1990.
Workers are assets and like all other assets flow to where they contribute the most good.
Of course if this administration makes it prohibitvely expensive to employ anyone then you are right that we will have permanently high unemployment.

I have a question for you

Do you really believe in the natural Creative-Destruction process of the Free market is the best way to handle recovery? Do you think that this is the only way we should handle recoveries, or are there other ideas you think can e emmployed?

Yes.
Markets are self-correcting mechanisms. We have spent larger and larger amounts of money bailing out recessions with the result that every boom in the economy is smaller. That needs to quit.

When you say that markets are self correcting mechanisms, are you implying that any direction that the market trends, that is the preferred direction?

If so, then I must disagree with you. Economic markets is a chaotic process that is highly dependent on end consumer actions. The possibility of a non growing or declining American market is very possible, even in todays society.

The idea to let the market go in the direction of market trends may work for some investors, but in the long term we could find it detrimental to our national security and statue in the world.

The "correct" American market is the market that is most beneficial to this nation, and it need not be one that is free to determine its own path. There are some sectors in the market that must be maintained else we lose our ability to maintain order in this country.

 

[The Rabbi]

I have a question for you

Do you really believe in the natural Creative-Destruction process of the Free market is the best way to handle recovery? Do you think that this is the only way we should handle recoveries, or are there other ideas you think can e emmployed?

Yes.
Markets are self-correcting mechanisms. We have spent larger and larger amounts of money bailing out recessions with the result that every boom in the economy is smaller. That needs to quit.

When you say that markets are self correcting mechanisms, are you implying that any direction that the market trends, that is the preferred direction?

If so, then I must disagree with you. Economic markets is a chaotic process that is highly dependent on end consumer actions. The possibility of a non growing or declining American market is very possible, even in todays society.

The idea to let the market go in the direction of market trends may work for some investors, but in the long term we could find it detrimental to our national security and statue in the world.

The "correct" American market is the market that is most beneficial to this nation, and it need not be one that is free to determine its own path. There are some sectors in the market that must be maintained else we lose our ability to maintain order in this country.

I have no idea what that means.
Letting the market sort out winners and losers is highly preferable to having some bureaucrat in Washington do it. The market has provided the best economy for more people over longer periods of time than any other system.

 

[boedicca]

1) Jobless recovery (stock market wise) as investors cash out prior to the expiration of the Bush Tax Cuts in 2011 (double dip in 2011).

2) U3 Unemployment hovers below 10% as more people stop looking for work and young adults stay in school due to lack of jobs. U6 unemployment closes in on 20%

3) Fed is forced to increase interest rates as foreign investors demand more of a risk premium - the housing market drops in volatile areas, flat lines in others.

4) Afghanistan turns into a Quagmire as Obama is unable to deal with the tribal nature of that country and continues to offend Karzai.

5) Health insurance premiums increase as the industry absorbs the impact of the embedded taxes (i.e., medical devices) and mandates.

6) Democrats lose House but maintain slight majority in Senate

7) Gasoline hits $ 4.50 a gallon (closer to $5 in high cost states such as CA which have government mandated formulations).

 

[Big Fitz]

The only way Republicans can take the senate is if a lot of senators drop dead.

I fail to see that as a bad thing... if you consider where we currently are in this nation. I want everyone in office voted/removed/retired/other from office.

lol, I didn't comment on what my preference would be, merely that there are not enough Democratic senators up for re-election for the Republicans to get a majority in the Senate unless a fair number drop dead.

Now seeing what's happened since you made this prediction, I find much of it interesting Then again, I don't know for sure who was up for re-election of the bunch who're 'retiring' (running for their lives) or dropped dead (Teddy, finally).

But it is fascinating.

 

[Politifiend]

What wish list is this? Oh, I get it! It's one of those, " I hope the country goes to hell, so Obama will fail lists!" And you call yourself an American? You're no more American than Osama!

 

[Politifiend]

The dow is up. Unemployment stopped rising. Stocks have risen 3000 pts. in Obama's first year. That's a record. We gained over 160,000 jobs in March, with at least that projected for April. Several non-partisan groups have come out saying this health care reform isnt as bad as feared. Oh my God! Could it be the end of the recession?!! What ever will we have to gripe about?

 

[Big Fitz]

You were right on one thing. I would hardly start talking about crow just yet.

Right, it's only April. The economic rug can still be yanked out from under us. Besides, even if this doesn't happen till February next year the only error is in the timing. I'm also sure those in power will do anything to try and keep it from happening before the election if they can, even if the disaster is worse for it to come later.

And now that the credit bubble is quivering to pop, the housing bubble's ready to re-pop when the subsidies end. At least that's a good sign too. The market can finally bottom out and then correct.

Also, I think it's safe to bet that as taxes begin slamming home, those with mobile capital will move out of the IRS's greedy reach forcing the majority of the cost onto poorer and poorer people. I also predict that the progressives/fascists will become more and more emboldened and obvious in their arrogance believing nobody can or will stop them.

 

[boedicca]

The dow is up. Unemployment stopped rising. Stocks have risen 3000 pts. in Obama's first year. That's a record. We gained over 160,000 jobs in March, with at least that projected for April. Several non-partisan groups have come out saying this health care reform isnt as bad as feared. Oh my God! Could it be the end of the recession?!! What ever will we have to gripe about?

The Dow is up year over year because it feil dramatically in March 2009.

15M people are unemployed, 134,000 more than in February. 88,000 of the 162,000 jobs created in March are temp jobs (including 48,000 census jobs that end in July). 134,000 jobs lost is 74,000 more than the full time jobs gained. We are still losing ground.

Health care reform is a horror that will unfold slowly - nobody really knows the full impact because the 159 panels, review boards, departments, bureaucracies and programs have not been set up - the details are sorely lacking. And the HHS Secretary has a great deal of latitude to decide the details of what is mandated.

 

[ABikerSailor]

Yes.
Markets are self-correcting mechanisms. We have spent larger and larger amounts of money bailing out recessions with the result that every boom in the economy is smaller. That needs to quit.

When you say that markets are self correcting mechanisms, are you implying that any direction that the market trends, that is the preferred direction?

If so, then I must disagree with you. Economic markets is a chaotic process that is highly dependent on end consumer actions. The possibility of a non growing or declining American market is very possible, even in todays society.

The idea to let the market go in the direction of market trends may work for some investors, but in the long term we could find it detrimental to our national security and statue in the world.

The "correct" American market is the market that is most beneficial to this nation, and it need not be one that is free to determine its own path. There are some sectors in the market that must be maintained else we lose our ability to maintain order in this country.

I have no idea what that means.
Letting the market sort out winners and losers is highly preferable to having some bureaucrat in Washington do it. The market has provided the best economy for more people over longer periods of time than any other system.

Letting the markets sort out winners and losers? Are you that stupid?

Listen, before Bush Jr. pulled out all the regulations, that would have been an appropriate statement, but now, sadly......no.

It's because they started to get fancy with hiding bad investments as "toxic assets" and other bullshit, which in turn was passed on to other banks, which resulted in the meltdown of our economy.

Yeah.....let's try that one again......

 

[rightwinger]

When you say that markets are self correcting mechanisms, are you implying that any direction that the market trends, that is the preferred direction?

If so, then I must disagree with you. Economic markets is a chaotic process that is highly dependent on end consumer actions. The possibility of a non growing or declining American market is very possible, even in todays society.

The idea to let the market go in the direction of market trends may work for some investors, but in the long term we could find it detrimental to our national security and statue in the world.

The "correct" American market is the market that is most beneficial to this nation, and it need not be one that is free to determine its own path. There are some sectors in the market that must be maintained else we lose our ability to maintain order in this country.

I have no idea what that means.
Letting the market sort out winners and losers is highly preferable to having some bureaucrat in Washington do it. The market has provided the best economy for more people over longer periods of time than any other system.

Letting the markets sort out winners and losers? Are you that stupid?

Listen, before Bush Jr. pulled out all the regulations, that would have been an appropriate statement, but now, sadly......no.

It's because they started to get fancy with hiding bad investments as "toxic assets" and other bullshit, which in turn was passed on to other banks, which resulted in the meltdown of our economy.

Yeah.....let's try that one again......

Letting the markets sort out winners and losers? Are you that stupid?

It worked for Herbert Hoover.....it will work for the Rabbi

 

[Zona]

Didnt the market gain over 3000 points in the last 16 months?

 

[oreo]

Predictions from those wishing for an economic collapse because that is the only way Republicans could ever be able to be elected again

What did you think the Democrat party did for 8 long years under Bush? Heck we had near full employment at around 5% (4.7% being considered full employment) and democrat politicians were out there talking about how horrible the economy was---

The author of this post was giving his predictions for the future and no-where in the post did he state that "he/she" hoped for further decline.

So my predictions.

1. Economy gets a very short-lived pop--followed by inflation--due to all this government spending--which will drag this economy back down to it's knees.
2. Obama--if he has his way will pass a carbon and energy tax.
3. Obama--if he has his way will pass a VAT or national sales tax to pay for all of his spending.
4. Obama--if he has his way will start to tax for medicare--on dividend/interest income and capital gains--as he stated during his 20 minute 17 second "no" answer to higher taxes.
5. Obama--if he has his way will take over energy in this country next.


This is WHY we need to stop him in Nov. 2010--by replacing the liberal big spending--no limit credit card along with the Nancy Pelosi run corruption house of representatives--into a conservative majority. If we don't--everyone is this country will be SCREWED big time.

 

[Avatar4321]

What wish list is this? Oh, I get it! It's one of those, " I hope the country goes to hell, so Obama will fail lists!" And you call yourself an American? You're no more American than Osama!

It's apparent that you are easily confused.

No one hopes the country goes to hell. Quite the opposite. We are trying to warn people that our current tragectory is insane. It's destructive and dangeous.

But anyone who doesn't have their head in the sand can see the warning signs around them. Continually raising taxes on everyone will drive the wealthy from the country and that along with over regulation is going to destroy jobs.

You can't change the natural laws that govern economics. You can't change human behaior by passing legislation.

I do hope President Obama fails. Because if his policies are successful, our country will be in ruins. That's the last thing I want. Not only for myself, but for my neighbors. I dont want the guy down the street out of work because our Commander In Cheif and his advisors are ignorant of reality. Why else would i try to stop him??? I've got way too much other stuff to occupy my time. Id love to just be able to trust him implicitly and go on in my little world.

But unfortunately, I understand economics. I understand freedom and liberty. And i understand human nature to a degree that I can't ignore the warning signs. You really shouldn't either.

 

[Avatar4321]

The dow is up. Unemployment stopped rising. Stocks have risen 3000 pts. in Obama's first year. That's a record. We gained over 160,000 jobs in March, with at least that projected for April. Several non-partisan groups have come out saying this health care reform isnt as bad as feared. Oh my God! Could it be the end of the recession?!! What ever will we have to gripe about?

I suppose the depression and, unfortunately, the violence that is inevitable unless we change course immediately.

 

[Avatar4321]

Letting the markets sort out winners and losers? Are you that stupid?

Listen, before Bush Jr. pulled out all the regulations, that would have been an appropriate statement, but now, sadly......no.

It's because they started to get fancy with hiding bad investments as "toxic assets" and other bullshit, which in turn was passed on to other banks, which resulted in the meltdown of our economy.

Yeah.....let's try that one again......

Yes. Let the market sort out the winners and losers. You see the reason markets react the way they do with surges and dips is because the markets need to correct themselves after people, whether because of government or through their own selfish behavior, try to violate the natural laws governing economics. Follow the laws and principles, and we will have perpetual economic growth.

Sadly, this has never happened in the history of the world.

 

[Lumpy 1]

1) Double dip recession

2) Unemployment hits 14%

3) Credit Bubble pops

4) Iran tests 1st nuclear weapon

5) Obama's favorable rating hits 19

6) Democrats lose House & Senate

7) Gasoline hits $ 7.00 a gallon

Well so far my predictions .. kinda suck

 

[The Rabbi]

When you say that markets are self correcting mechanisms, are you implying that any direction that the market trends, that is the preferred direction?

If so, then I must disagree with you. Economic markets is a chaotic process that is highly dependent on end consumer actions. The possibility of a non growing or declining American market is very possible, even in todays society.

The idea to let the market go in the direction of market trends may work for some investors, but in the long term we could find it detrimental to our national security and statue in the world.

The "correct" American market is the market that is most beneficial to this nation, and it need not be one that is free to determine its own path. There are some sectors in the market that must be maintained else we lose our ability to maintain order in this country.

I have no idea what that means.
Letting the market sort out winners and losers is highly preferable to having some bureaucrat in Washington do it. The market has provided the best economy for more people over longer periods of time than any other system.

Letting the markets sort out winners and losers? Are you that stupid?

Listen, before Bush Jr. pulled out all the regulations, that would have been an appropriate statement, but now, sadly......no.

It's because they started to get fancy with hiding bad investments as "toxic assets" and other bullshit, which in turn was passed on to other banks, which resulted in the meltdown of our economy.

Yeah.....let's try that one again......

You really are that dumb, cockbreath. But it isn't like you haven't plastered your stupidity and ignorance all over this board.
Tell me what regulations Bush "pulled out".
Tell me who "they" are who are "getting fancy with hiding bad investments." Looks like they did a pretty bad job if even an ignorant chicken hawk like you knows about it.
I guess you are stupid and brainless enough to believe that government will do abetter job picking winners and losers, subsidizing those companies too big to fail with our tax dollars (not yours because unemployed dorks like you pay no tax).
Yeah, that worked great for E.Germany.

 

[The Rabbi]

I have no idea what that means.
Letting the market sort out winners and losers is highly preferable to having some bureaucrat in Washington do it. The market has provided the best economy for more people over longer periods of time than any other system.

Letting the markets sort out winners and losers? Are you that stupid?

Listen, before Bush Jr. pulled out all the regulations, that would have been an appropriate statement, but now, sadly......no.

It's because they started to get fancy with hiding bad investments as "toxic assets" and other bullshit, which in turn was passed on to other banks, which resulted in the meltdown of our economy.

Yeah.....let's try that one again......

Letting the markets sort out winners and losers? Are you that stupid?

It worked for Herbert Hoover.....it will work for the Rabbi

Actually under Hoover the markets were starting to recover. It was only when FDR came in and made sweeping changes that things got worse and stayed that way until WW2 bailed him out.