Months ago, The Economist reported that we were in a depression, not a recession. More and more financial analysts are saying that the current state of the economy reflects something bigger than just a recession. This morning on the news, I heard that Warren Buffet is saying that the economy is going to continue to be "in shambles" throughout 2009, and probably well beyond that.
So let's take this opportunity to make a prediction. I'm guessing that the economy will start stabilizing around March 2010, and then get itself back on track by the following June. Put your prediction down in writing here, and then we'll check back in a year to see who's the closest. That person will then get a prize (maybe dinner if the majority of us are still employed by then). Place your bets.
5 comments:
Feb. 2010
It's a tad bit hard to predict the exact month of a turnaround. I will say that the economy (GDP) will experience positive growth in the fourth quarter (Oct-Nov-Dec) of 2009. This will be the first positive growth since the 2nd quarter of 2008, and thus a good indicator of a turnaround.
You're a math snob.
On DAT I concur. he once told me "I have a degree in physics you don't know what you're talking about" He later apologized when I was correct. He was a big boy about it . . . .
My bet is that the market (DOW/S&P) will see the bottom by about August of this year.
As an aside my word verification is "diess", don't they screen these things?
It'll never bounce back. Shit's over.
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