Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Interested to see all your economic recovery predictions by month, as you requested from a previous post.
My predictions are right here:
Quote:
Originally Posted by LordBalfor
My predictions?
The economy will continue to recover - in fact the recovery will pick up steam and by the end of the year the U-3 unemployment rate will be below 9%. By the end of 2011 it will be below 7% - maybe as low as 6.5% and by 2012 it will be below 6% and in the "normal" range.
There will be some mild inflation as the economy recovers, but it will be quickly tamed by the Fed raising interest rates slow enough so as to not take pull the rug out from under the recovery.
Home prices will rise this year in most locations across the country. The rise will be modest, but it WILL be a rise - and the backlog of unsold home will be slowly eaten up over the next year and a half.
All in all, things will look pretty well 2 years from now - as they will 3 years from now.
You don't get the point? Adding a probable 3 million more foreclosures this year as well.
Is that the formula in your opinion for a recovery. Simply question, why be a smart a$$.
No I don't.
What's your point - that payroll INCREASED by 162,000 last month and that January - which was intially thought to have had 26,000 job losses - actually had 14,000 JOBS GAINED and that February - which was originally thought to have had 36,000 job losses actually only had 14,000 - which means that of the last 3 months, 2 of the 3 months actually showed a GAIN in jobs?
Is that your point?
So yeah - THAT is the formula for a RECOVERY.
The bankruptcies ARE a problem - as are the foreclosed homes, but BOTH of those problems will be solved by JOBS.
And jobs are now starting to appear - even your OWN link indicates that.
No I don't.
What's your point - that payroll INCREASED by 162,000 last month and that January - which was intially thought to have had 26,000 job losses - actually had 14,000 JOBS GAINED and that February - which was originally thought to have had 36,000 job losses actually only had 14,000 - which means that of the last 3 months, 2 of the 3 months actually showed a GAIN in jobs?
Is that your point?
So yeah - THAT is the formula for a RECOVERY.
The bankruptcies ARE a problem - as are the foreclosed homes, but BOTH of those problems will be solved by JOBS.
And jobs are now starting to appear - even your OWN link indicates that.
Ken
you answered part of the question, now as you stated in post #37 to summers73, requesting month by months predictions, yours are?
I am sure you would not ask him to do something you wouldn't do yourself.
Also 48,000 jobs were temp census workers, and 39,000 gov't jobs. Real jobs for the long haul?
I'm looking forward to laughing in every one of your blind optimistic faces in just a few short months. Keep in mind that "you want the US to fail" is not an allowable retort for someone who predicts doom and gloom and ends up being right. You have to sit down, shut up and listen to me say "I told you so".
Oh, fabulous. Another person who's hoping and praying for total devastation of his or her own country. Anything to say "I was right," eh?
Just...ill.
And yes, "You want the U.S. to fail" IS an allowable retort. Whether right or wrong in the end, wishing gleefully for one's own country to literally fold right up says a whole hell of a lot more about you than it does about anything or anyone else.
I don't think anyone wants the US to fail. Some of us just trying to be realists, and question the remarks by some self appointed economic and financial gurus, that only have best guess like the rest of us.
Nope, it's not allowed when one was right all along. Can't have it both ways.
Yes, indeed, it is still "allowed" since the intent for the nation to curl up and die was there. It doesn't matter whether one ends up being "right" about it. That happy, cheery "We're goin' DOWN attitude" is inexcusable, period.
If I sit there and say, "I hope you get cancer. I hope you get cancer. I hope you get cancer" to someone who is smoking or is eating nitrites or works near a nuke plant, that doesn't make me less of a hideous human being if the person does indeed, God forbid, get cancer.
And what's this "have it both ways" thing? Have *what* both ways? What a weird statement.
I don't think anyone wants the US to fail. Some of us just trying to be realists, and question the remarks by some self appointed economic and financial gurus, that only have best guess like the rest of us.
Exactly. The retort of "you want the US to fail" is just sour grapes for failing to be realistic.
you answered part of the question, now as you stated in post #37 to summers73, requesting month by months predictions, yours are?
I am sure you would not ask him to do something you wouldn't do yourself.
Regarding Summer73's post - I wasn't the one who said "in a few short months" was I? I wanted to know "what months?". As it turns out when push comes to shove suddenly he's talking "years" not months.
I've been very upfront with my predictions:
I said back in April of 2009 that the stock market was heading up - and it has. In fact I even made a specific prediction and HERE it is (from 8/21/2009):
Quote:
Originally Posted by LordBalfor
PS -
I WILL predict the DOW will be above 10,000 by the end of the year, and that the S&P will be above 1,100 and the NASDQ above 2,100.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Anything to say "I was right," eh?
