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EastCoastBubbleBoy
2007 Dec 27, 11:04am
2008 will be historic.
Here in the US, there will be a cultural revolution, on par with the 60's in the terms of lasting imprint and historic magnitude. There will be a substantial shift in the American mentality, as the historically apathetic post-boomer Generation attempts to grab the reins and steer the country in a new direction.
That said, the Republican ticket (whomever it is) will win the election.
Globally, WWIII (which has been going on for some time now) will finally be recognized by the MSM.
Housing prices will decline less than expected, partially due to rising rents making housing look more attractive than it really is, prompting the NAR to say that "things are turning around".
"Russia’s 21st century prospects are looking pretty good."
Dude, Russia is in the same deep shite, if not deeper: http://exile.ru/print.php?ARTICLE_ID=8510&IBLOCK_ID=35
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Predictions on what 2008 will bring?
Here are my guesses...
- cascading counterparty defaults
- credit-deflation despite inflationary monetary policy
- recession is out in the open, MSM turns sour
- YOY drop in the fortress
There are also a few way-out-there possibilities that I would not be surprised by...
- banks forced to mark-to-market, some banks choke on being force-fed their own toxic waste
- BoJapan eases rates again in co-ordinated CB move, re-igniting carry trade
- HARM likes the Bay Area and decides to settle down here... :-)
SP