7 Startling Forecasts for 2009
by Martin D. Weiss, Ph.D.
This is a summary of their forecast. The link to the entire report is shown at the bottom of this summary. IMO, there are few safe havens for your money outside of owning short term treasury bills , gold bullion, and select gold stocks
- AT LEAST 10% unemployment. If you include discouraged and part-time workers, it will be at least 16%.
- An unstoppable chain reaction of bankruptcies.
- In 2009, the U.S. government will have to give up saving most of these companies!
- The federal deficit will balloon to at least $2 trillion.
- The Dow is headed to 5500.
- Expect a new, more advanced phase in the real estate collapse.
- 2009 will be the year of the Great Financial Dustbowl. When future historians write their chapter on 2009, they will put it down as the year in which America suffered a great money famine of epic dimensions.
If you want to read the details of this forecast see the link below:
Moneyandmarkets.com