The Economic Forecast is Grim, But Has Glimmers of Hope: The Next Seven Years
A qualitative analysis of previous economic trends, leading to the prediction of the next seven years of ours on this Earth during this economic crisis.
The hype of the United States Economy has been unrivaled for these past seemingly almost 7 years. Ever since Sept. 11th, the NYSE has plummeted the first time in the new millennia, the only thing on the news has been the U. S. Dollar, Stocks, and future projections.
Since then, the world beside the news-hog, the world has been almost entirely going up, going into a global economic boom. The mortgages, even in the United States were going up at groundbreaking rates. The bubble grew larger, and larger, and it seems to have popped when the study of the top 50 nations’ balance of debt and profit was released. Years before, it had been that very few would be in the red. With Bush’s tax cuts, wars, Halliburton… 49 out of the 50 countries were in a huge deficit. The one that wasn’t – China.
China is the main and almost only exporter of small-time goods and electronics to the US, and because of it, many other countries are suffering. Relative to the Yuan, the USD has stayed the same, as the Yuan is pegged to the USD. When all of Europe with the exception of the withholding of a few countries switching to the Euro, with the other countries doing tremendously well, with the wars, with all of the corrupt politicians and crooked companies needing their cut to make the full payment for their parking-lot full of Lamborghini’s and Corvettes pocketing hundreds of thousands on each of the hundreds of steps, the USD has dropped to its lowest worth since the severe recession during the first Gulf War.
The US’s stocks have been bouncing up and down severely, although the drop is almost always more severe than the rebound. Projections started out as a slight down of the dollar amount, then a slight recession, then a recession, then the world had to pump money into the banks of the US and Europe being dragged under as well to prevent bankruptcy causing Severe DEPRESSION.
This is the new forecast – for 7 years from now until 2015. This should be slightly less severe for those outside of the US, but even still…
2008 – Continuation of the downfall of Stocks, and Worth of almost everything. However the dollar will rise, as foreigners depend on its historically low volatility, and invest in it.
2009 – Panic as the stocks crash and banks owe billions more than they have. Governments are screaming at Multi-Trillion dollar deficits.
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