30 Dec
Ten Economic Predictions for 2009
by Jason Hamlin
I don’t have a crystal ball, but my forecasts have been fairly accurate and quite profitable over the past few years. While 2008 has been a tough year, all signs point to 2009 being much worse. Here is what I see on the horizon for the upcoming year.
- The stock market decline will accelerate in 2009
- Unemployment will rise dramatically
- Real estate prices will continue to drop
- Bailouts will continue
- Deflation will subdue and the first signs of hyperinflation will appear
- The dollar will resume its downtrend
- Oil will rise from current lows and find a “fair price”
- Agriculture prices will return to an uptrend
- Gold will make a new all-time (nominal) high
- All of the above will lead to increased crime and civil unrest
…details…