socrateazz

Nine Predictions for '09

Interesting predictions.... I agree with most of them. I think Europe will indeed do worse than the US. I think asia in general will improve. The Stock Market very well may be up next year. During 2009 I expect both a 25% increase and a 25% decrease in stocks. Change is what you will see. As much bad change as good change. That prediction on right wing talk show hosts show you are indeed a liberal. Those talk show hosts do believe Democrat policies led to the current problems. And to a degree they are right. Some Republican policies contributed to the current problems. The biggest problem is the same one that has existed through the ages. Everybody wants their own problems solved. Consequences often result from any actions. Most can not be fully predicted. Most consequences are not immediately recognized. Most markets are really liberal trade parties. Too many people trying to squeeze wealth out of the actual builders and producers. If producers can not make enough to justify producing they leave the game. And the next few years will be marked by marginal producers leaving their professions. That will cause more problems than you see today. Somewhere in the future more producers will emerge. But not when
their efforts are not rewarded. Todays workers are mostly wealth redistributors. Look at the top professions. Insurance, Banks, Government, Investments. All just make money on other peoples efforts. More wealth can not be added to such a society.