How This Economy Is Going To Play Out, Revisited

[Phred42]

This is a recap of his predictions in November 2007 - Unfortunately, he's pretty much on target
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How This Economy Is Going To Play Out, Revisited

http://agonist.org/ian_welsh/20080309/how_this_economy_is_going_to_play_out_revisited

Back in November, I wrote a brief article describing how I expected the financial meltdown underway to continue, and how I expected it to impact the real economy. Below I'm reprinting the 10 predictions I made and I've bolded those which have already occurred. (Ian Welsh)


Back in November, I wrote a brief article describing how I expected the financial meltdown underway to continue, and how I expected it to impact the real economy.

Below I'm reprinting the 10 predictions I made and I've bolded those which have already occurred.

1. Housing prices and sales will continue to decline. Expect 3 years before the bottom, as a very optimistic best case scenario.
2. Commerical real-estate will suffer a steep decline as well.
3. Consumer demand will drop. Unemployment will rise.

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[Deep13]

1. Graphic portrayal of U.S. economy: ...

[Ganja Ninja]

2. This would have worked too.

[PA Democrat]

3. Yep. And we all know who the people in the lifeboats are.