First let’s remember 2008.
Wow, what a year we’ll remember for quite a while.
- Housing crash 40% to 50% in some areas. Even parts of the Bay Area in serious decline.
- Massive foreclosures (unprecedented historically)
- Rising unemployment (from 4.5% to 7% in 1 year)
- Collapse of huge companies:
- Bear Sterns
- Lehman Brothers
- Merrill Lynch
- Morgan Stanley
- Freddie & Fannie
- Credit crunch (even money market funds returned zero)
- $700 Billion TARP
- The largest decline in:
- Auto sales
- Home sales
- Home prices
- CPI (negative…now that’s not supposed to happen)
- Consumer sentiment
- Home builder sentiment
- Treasury yields (even negative briefly…huh? I pay you to return my money later)
- $50 Billion Madoff scandal
- Oh yeah, and the stock market fell 50% in 12 months
The only comparable time in US history? That’s right, the Great Depression.
With the 2008 year in review out of the way, is 2009 a year for some optimism?
See the 12-page report below for my predictions for Year 2009 and more:
- Inflation or deflation?
- Stock market
- Real estate market
- Interest rates
- Precious metals
- Political & other events
- Is there a silver lining?
- Suggestions / possible solutions
- Favorite videos
Author’s Note: I wrote this back in Jan. 2009 and shared privately with a few friends. Just got it reformatted for publishing and sharing online.