Top 10 Predictions For the Global Economy

Reader Comments
Back to blog

Kirk Shinkle has no idea what he is talking about. Does he really think that a stimulus package were we borrow more money against our future is going to help us get out of this situation? Excessive borrowing and debt is what got us into this problem in the first place.
Secondly if he thinks inflation is not taking place then he has no idea. The feds have the printing press running which is the definition of inflation. Just wait a little longer for deleveraging to unwind and inflation will then show it's self with a vengeance.
He also thinks the USD is the place to be?? I think the USD is set to crash or be devalued. Good luck with that prediction.
When it comes to commodities when the USD crashes gold and silver will go through the roof. And oil at $37 dollars a barrel is a steal. Remember the world's economies run on cheap oil and the planet is at peak oil now and soon starting on the downward slope. There may be plenty of demand destruction taking place but with oil at $30-$40 there's is also lot's of supply destruction.
People be aware of predictions and all the talking heads on CNBC and the financial shows. For the most part they are clueless as to what is happing. The US is experiencing economic collapse. Go to YouTube and look up people like Peter Schiff or Congressman Ron Paul. Also see Jim Rogers. These people have been telling it like it is for years and have been amazingly accurate with there assessments of the economy and state of the nation.
Enjoy the unpromising depression.

Hogie2010 3:13PM December 29, 2008

I enjoyed your article. I am book marking your site. IT's been a while since I have read and heard some facts. I am not clear on the deflation concerns, in my mind there are two controls the gov't has that would be interest rates (at zero) and printing money inflation (hyper).

Dave of AL 7:55PM December 19, 2008

If almost double digit growth for 30 years does not solve China's employment problems. How much more growth does China need to solve it? Too much growth bring its own problems: polution, reduction in farmable land, depletion of limited natural resourses and inflation ( until the present economic crisis ). While many many Chinese workers are over worked today, many are also unemployed. Chinese authorities have to be very creative to redistribute the work force to spread the work more evenly among the population. When this is done, maybe China can live with less growth which will come crisis or no crisis. No country can continue to grow at high rates indefinetly.

Ben Gee 3:51PM December 16, 2008