Predictions for 2010 by Economic Prophets

[SWIFT]

Hi Steve,
Totally agree and tariff's will make a big comeback which tends to lead to wars over resources and Happy St Pats to all!

Cheers,
SWIFTY

[TheChosen]

What a great post and summary .. I am following most of the trend forecasters and economists quoted there so its nice to see it all in one place. The christian babble and dream based info made it a little annoying but overall there is high quality information contained in the rest of the post.

What is the source forum and author of the message? I'd like to see more from that author as they obviously have a good overview of economic forecast sources even though the christian theme brings the value down considerably

[Stardustaquarion]

I wonder what will happen to the UK economy, will it de-couple? will it be tied to the Euro (new axis), no doubt Cameron will be the next PM and we will go "Catholic" (new axis)

New Axis may mean Euro - Russian coalition, may include the Arab countries and even China

My bet is that it will be coupled with the Euro bit more steady than the US dollar

It has happened soooooo many times in the past, after all the goverment of the whole world is still here in the square mile


Love

[gibonos]

I think your idea of hyperinflation is not very 'hyper'. I can understand that someone who has a steady economy, like in the UK a few years ago will have a certain difficulty in understanding about hyperinflation. The UK is already worried because inflation is around 7%! Per year!

Steve.

You can trust me I know what hyper hyperinflation is.
I was little kid at that time and was purchasing icecream for 2 PLN (polish zloty (meaning golden)) just before they denominated currency the same icecreams were like 20000 or 30000, than they devided (denominated) all prices and salaries by 10000.
I was fortuante that my family wasn't affected, we had foreign reserves, so to say.
Plus the whole country had the productive capasity to produce it self out of that crisis.
As far as intersts, banks can have 10% margin, but with yesterdays money it doesn't make much difference.
i.e.having 60% on $100000 on May 1st (where you can buy 100000 loafs of bread principle and 60000 loafs interest), three months later they can even put 100%, but in terms of bread it would be 10000 loafs and 10000 intrest, still a fraction of the initial debt. The time people would suffer big time is when the government would implement denomination, with unfavourable exchange for the people, which is likely and the loaf to mortgage ratio would stay at the same pre-inflation level.

gibonos

[peaceandlove]

Originally Posted by TheChosen

What a great post and summary .. I am following most of the trend forecasters and economists quoted there so its nice to see it all in one place. The christian babble and dream based info made it a little annoying but overall there is high quality information contained in the rest of the post.

What is the source forum and author of the message? I'd like to see more from that author as they obviously have a good overview of economic forecast sources even though the christian theme brings the value down considerably

Thanks TheRebel, great post! Happy St. Patrick's Day!!! Erin Go Bragh!!!

As with TheChosen, wishing to know the source also.

I'm guessing a few of those are disinfo economists.

PaL

LOL

[Mijas]

OMG, this is real doom and gloom stuff.........pass the wine!

[pineal-pilot-in merkabah]

Originally Posted by Mijas

OMG, this is real doom and gloom stuff.........pass the wine!

if wehave some food stocks and the ability to grow some of our own@ somepoint and barter whats the doom and gloom. let the bankers perish i say..

[gibonos]

I'm guessing a few of those are disinfo economists.

I think more than a few

gibonos

[Swanny]

I know what you're saying Steve but if it goes down big time there wont be enough men in black to knock on everyones door