Predictions for 2009
Predictions for 2009
It seems that everytime I look at Yahoo Finance there are more bad news. I was wondering what your predictions are for 2009 in terms of
unemployment, recession/depression, etc... How bad will it get? Are we doomed? Is this going to last a long time?
Hopefully this thread will get some traction.
unemployment, recession/depression, etc... How bad will it get? Are we doomed? Is this going to last a long time?
Hopefully this thread will get some traction.
Re: Predictions for 2009
To paraphrase Churchill, we are perhaps at the end of the beginning of the recession/depression...
2022: The year of the Squid Singularity
- flyboy2548m
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Re: Predictions for 2009
I think we're deeply fucked. Fried chicken, however, will become both more commonplace and substantially cheaper, so we have that going for us. Which is nice.It seems that everytime I look at Yahoo Finance there are more bad news. I was wondering what your predictions are for 2009 in terms of
unemployment, recession/depression, etc... How bad will it get? Are we doomed? Is this going to last a long time?
"Lav sinks on 737 Max are too small"
-TeeVee, one of America's finest legal minds.
-TeeVee, one of America's finest legal minds.
- Ancient Mariner
- Posts: 3774
- Joined: Sun Feb 03, 2008 5:24 pm
Re: Predictions for 2009
Very bad. You are. It will last a long, long time.It seems that everytime I look at Yahoo Finance there are more bad news. I was wondering what your predictions are for 2009 in terms of
unemployment, recession/depression, etc... How bad will it get? Are we doomed? Is this going to last a long time?
Hopefully this thread will get some traction.
I feel sorry for you.
Per
Re: Predictions for 2009
If you are trying to suggest that Norway will be, or even at the moment is, immune from recession then your are either deluded or have been hitting the eggnog too hard..Very bad. You are. It will last a long, long time.
I feel sorry for you.
Per
2022: The year of the Squid Singularity
- flyboy2548m
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Re: Predictions for 2009
I don't think he's suggesting any such thing. He's just all too well aware that nobody outside of Norway gives a f*** about Norway, good times or not.If you are trying to suggest that Norway will be, or even at the moment is, immune from recession then your are either deluded or have been hitting the eggnog too hard..
"Lav sinks on 737 Max are too small"
-TeeVee, one of America's finest legal minds.
-TeeVee, one of America's finest legal minds.
- Ancient Mariner
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Re: Predictions for 2009
Off course we're not, but Norway's economy allows the deluted worms in Government to pour money into the system. There's one billion-NOK package after the other being introduced to allow banks to offer credits, built roads and rail and and schools and nursing homes and god knows what. And off course, the nearer to this year's election the more frequent and substantial the "rescue-packages" will be.If you are trying to suggest that Norway will be, or even at the moment is, immune from recession then your are either deluded or have been hitting the eggnog too hard..Very bad. You are. It will last a long, long time.
I feel sorry for you.
Per
Me, I'm fine. Wifey are negotiating to sell her business at a sweet price, I've got a secure job, the interest rate is diving and there are good deals on new cars. Might go hunting for a new house, prices are falling of a cliff. Life is good.
flyboy. I don't care if the world don't care. The rest of the world screwed up, hard core capitalism turned out a loser, now forget about us and be on your merry way.
Per
- flyboy2548m
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Re: Predictions for 2009
If that's true, I suggest you prepare for your granddaughters to stand in four-hour-long bread lines, because that's what hard-core socialism gets you. Yes, I'm speaking from experience.The rest of the world screwed up, hard core capitalism turned out a loser...
"Lav sinks on 737 Max are too small"
-TeeVee, one of America's finest legal minds.
-TeeVee, one of America's finest legal minds.
Re: Predictions for 2009
For an owner of a mountain cabin that's a very poor metaphor to use.Might go hunting for a new house, prices are falling of a cliff. Life is good.
Per
2022: The year of the Squid Singularity
- Ancient Mariner
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Re: Predictions for 2009
I do believe you, the thing is that us Scandihooligans fell for neither capitalism nor communism, which I prefer to call the hard-core East-Bloc system.If that's true, I suggest you prepare for your granddaughters to stand in four-hour-long bread lines, because that's what hard-core socialism gets you. Yes, I'm speaking from experience.The rest of the world screwed up, hard core capitalism turned out a loser...
Our governmet, and parliament, is red, green an blue. Or should I say pink, mint and azure as none of those parties tries very hard to be anything, but center.
The system works for us, most people are happy to pay their taxes and are relatievly happy with what they get in return. Why change a winning concept? In times like these many sees that our form of socialism works and voters are flocking behind the Royal Norwegian Socalist Party. Who can blame them?
Per
-
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Re: Predictions for 2009
I suppose only in Scandinavia could you have a socialist party that was royal.......voters are flocking behind the Royal Norwegian Socalist Party. Who can blame them?
Per
Re: Predictions for 2009
Okay, I'll play. Are you a racist?I think we're deeply fucked. Fried chicken, however, will become both more commonplace and substantially cheaper, so we have that going for us. Which is nice.
"I'm putting an end to this f*ckery." - Rayna Boyanov
- flyboy2548m
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Re: Predictions for 2009
Why, of course, I am, Verbal. Anyone who might suggest that certain foods are popular among certain communities must be a racist. Actually, scratch that. Anyone who suggests that certain foods are popular among the black community must be a racist. If Barack Hussein were Norwegian, and I said we were about to get good deals on lefse, you wouldn't have said anything.Okay, I'll play. Are you a racist?I think we're deeply fucked. Fried chicken, however, will become both more commonplace and substantially cheaper, so we have that going for us. Which is nice.
"Lav sinks on 737 Max are too small"
-TeeVee, one of America's finest legal minds.
-TeeVee, one of America's finest legal minds.
Re: Predictions for 2009
Worse. I fear he may be an unethical shopper...Okay, I'll play. Are you a racist?
2022: The year of the Squid Singularity
- Ancient Mariner
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Re: Predictions for 2009
It is not really, it's just the way they behave that have earned them that little Royal addition to the name. In reality it is Arbeiderpartiet, litterary The Worker's party or Labour Party. Who cares, I've never voted for them.I suppose only in Scandinavia could you have a socialist party that was royal.......voters are flocking behind the Royal Norwegian Socalist Party. Who can blame them?
Per
Per
- Ancient Mariner
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Re: Predictions for 2009
No good deals on lefse for foreigners, we reserve them for bluish-white, true blooded, socialist-leaning Norskies of the right faith.Why, of course, I am, Verbal. Anyone who might suggest that certain foods are popular among certain communities must be a racist. Actually, scratch that. Anyone who suggests that certain foods are popular among the black community must be a racist. If Barack Hussein were Norwegian, and I said we were about to get good deals on lefse, you wouldn't have said anything.Okay, I'll play. Are you a racist?I think we're deeply fucked. Fried chicken, however, will become both more commonplace and substantially cheaper, so we have that going for us. Which is nice.
Hmm, think I have some in the freezer. Should I treat myself to one, or more.........with real butter, sugar and cinnamon? Oh, yesssss!
Per
Re: Predictions for 2009
Okay, fair point.Why, of course, I am, Verbal. Anyone who might suggest that certain foods are popular among certain communities must be a racist. Actually, scratch that. Anyone who suggests that certain foods are popular among the black community must be a racist. If Barack Hussein were Norwegian, and I said we were about to get good deals on lefse, you wouldn't have said anything.
"I'm putting an end to this f*ckery." - Rayna Boyanov
Re: Predictions for 2009
Thank you, everybody, for stealing my thread!!
Re: Predictions for 2009
So what did the Turko-Mongolians contribute to the American Cuisine?Why, of course, I am, Verbal. Anyone who might suggest that certain foods are popular among certain communities must be a racist. Actually, scratch that. Anyone who suggests that certain foods are popular among the black community must be a racist. If Barack Hussein were Norwegian, and I said we were about to get good deals on lefse, you wouldn't have said anything.
- aardvark2zz
- Posts: 251
- Joined: Fri Feb 08, 2008 12:42 am
Re: Predictions for 2009
.
8 Bush's Economic Mistakes
http://www.time.com/time/specials/packa ... 32,00.html
Also,
........But starting in the early 1970s, banks began funding less of their lending with old-fashioned deposits. Bank deposits backed 90% of all loans four decades ago; today they back 60%. Where does the rest of the loan money come from? From the bank's past earnings and the money given to it by its investors. Using the house's money has generated higher profits — with significantly higher risks.
Regulators have long had a lower capital requirement on loans that are not backed by deposits. But in 2004, the Securities and Exchange Commission (SEC) removed rules that capped leverage at 15 to 1 for investment-banking firms like Goldman Sachs. That allowed the firms to vastly expand their lending activities without raising a single new dollar of capital. One big backer of the rule change was reportedly former Treasury Secretary Henry Paulson, who was then Goldman's CEO. By that time, the regulatory separation between investment banks and traditional banks had long since been removed, so traditional banks such as Citigroup and Bank of America shifted more and more of their lending operations to their investment-banking divisions, and leverage took off. By the end of 2007, many banks were lending $30 for every dollar they had in the vault. "Changing the net-capital rule was an unfortunate misjudgment by the SEC," says former SEC official Lee Pickard. "It's one of the leading contributors to the current financial crisis." (See who else is to blame.) ........
http://www.time.com/time/business/artic ... -2,00.html
.
8 Bush's Economic Mistakes
http://www.time.com/time/specials/packa ... 32,00.html
Also,
........But starting in the early 1970s, banks began funding less of their lending with old-fashioned deposits. Bank deposits backed 90% of all loans four decades ago; today they back 60%. Where does the rest of the loan money come from? From the bank's past earnings and the money given to it by its investors. Using the house's money has generated higher profits — with significantly higher risks.
Regulators have long had a lower capital requirement on loans that are not backed by deposits. But in 2004, the Securities and Exchange Commission (SEC) removed rules that capped leverage at 15 to 1 for investment-banking firms like Goldman Sachs. That allowed the firms to vastly expand their lending activities without raising a single new dollar of capital. One big backer of the rule change was reportedly former Treasury Secretary Henry Paulson, who was then Goldman's CEO. By that time, the regulatory separation between investment banks and traditional banks had long since been removed, so traditional banks such as Citigroup and Bank of America shifted more and more of their lending operations to their investment-banking divisions, and leverage took off. By the end of 2007, many banks were lending $30 for every dollar they had in the vault. "Changing the net-capital rule was an unfortunate misjudgment by the SEC," says former SEC official Lee Pickard. "It's one of the leading contributors to the current financial crisis." (See who else is to blame.) ........
http://www.time.com/time/business/artic ... -2,00.html
.
Roger Murdock: We have clearance, Clarence.
Capt. Clarence Oveur: Roger, Roger. What's our vector, Victor?
Capt. Clarence Oveur: Roger, Roger. What's our vector, Victor?
- flyboy2548m
- Posts: 4395
- Joined: Sat Feb 02, 2008 12:32 am
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Re: Predictions for 2009
I'll let you know as soon as I meet one, but my guess would be rice plaf.So what did the Turko-Mongolians contribute to the American Cuisine?
"Lav sinks on 737 Max are too small"
-TeeVee, one of America's finest legal minds.
-TeeVee, one of America's finest legal minds.
- Ancient Mariner
- Posts: 3774
- Joined: Sun Feb 03, 2008 5:24 pm
Re: Predictions for 2009
Rice pilaf?I'll let you know as soon as I meet one, but my guess would be rice plaf.So what did the Turko-Mongolians contribute to the American Cuisine?
Per
Re: Predictions for 2009
Edith Piaf?Rice pilaf?
"I'm putting an end to this f*ckery." - Rayna Boyanov
- aardvark2zz
- Posts: 251
- Joined: Fri Feb 08, 2008 12:42 am
Re: Predictions for 2009
Calm down. Anyone who can predict the economy for 2009 is BS'ing. Even so called top world economists.Thank you, everybody, for stealing my thread!!
The only ones I would trust are the ones that made a lot of money in 2008. 1 e.g. the CEO's of financial institutions (actually, not really).....
.
Roger Murdock: We have clearance, Clarence.
Capt. Clarence Oveur: Roger, Roger. What's our vector, Victor?
Capt. Clarence Oveur: Roger, Roger. What's our vector, Victor?
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