Predictions for 2009

[Putt4Par]

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.

[Sickbag]

To paraphrase Churchill, we are perhaps at the end of the beginning of the recession/depression...

[AndyToop]

Roll on 2010

[flyboy2548m]

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?

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.

[Ancient Mariner]

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.

Very bad. You are. It will last a long, long time.
I feel sorry for you.
Per

[Sickbag]

Very bad. You are. It will last a long, long time.
I feel sorry for you.
Per

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..

[flyboy2548m]

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..

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.

[Ancient Mariner]

Very bad. You are. It will last a long, long time.
I feel sorry for you.
Per

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..

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.
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]

The rest of the world screwed up, hard core capitalism turned out a loser...

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.

[Sickbag]

Might go hunting for a new house, prices are falling of a cliff. Life is good.

Per

For an owner of a mountain cabin that's a very poor metaphor to use.

[Ancient Mariner]

The rest of the world screwed up, hard core capitalism turned out a loser...

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.

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.
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

[David Hilditch]

......voters are flocking behind the Royal Norwegian Socalist Party. Who can blame them?
Per

I suppose only in Scandinavia could you have a socialist party that was royal.

[Verbal]

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.

Okay, I'll play. Are you a racist?

[flyboy2548m]

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.

Okay, I'll play. Are you a racist?

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.

[Sickbag]

Okay, I'll play. Are you a racist?

Worse. I fear he may be an unethical shopper...

[Ancient Mariner]

......voters are flocking behind the Royal Norwegian Socalist Party. Who can blame them?
Per

I suppose only in Scandinavia could you have a socialist party that was royal.

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.
Per

[Ancient Mariner]

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.

Okay, I'll play. Are you a racist?

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.

No good deals on lefse for foreigners, we reserve them for bluish-white, true blooded, socialist-leaning Norskies of the right faith.
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

[Verbal]

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, fair point.

[Putt4Par]

Thank you, everybody, for stealing my thread!!

[Peter_K]

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.

So what did the Turko-Mongolians contribute to the American Cuisine?

[aardvark2zz]

.
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
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[flyboy2548m]

So what did the Turko-Mongolians contribute to the American Cuisine?

I'll let you know as soon as I meet one, but my guess would be rice plaf.

[Ancient Mariner]

So what did the Turko-Mongolians contribute to the American Cuisine?

I'll let you know as soon as I meet one, but my guess would be rice plaf.

Rice pilaf?
Per

[Verbal]

Rice pilaf?

Edith Piaf?

[aardvark2zz]

Thank you, everybody, for stealing my thread!!

Calm down. Anyone who can predict the economy for 2009 is BS'ing. Even so called top world economists.

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).....
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