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Where We Are, Where We're Heading (2009)

Beanieville Inc. found this 1/1/2009 on market-ticker.denninger.net

Let's score the 2008 edition predictions first: US will enter a recession : Confirmed by NBER. Check. Unemployment will rise north of 5% . Check (bigtime) Housing will not turn in 2008. Major check. The story in 2008 will be defaults on prime mortgages. Check. Consumer ...