I think we'll be down or flat for the third and maybe fourth quarter 2009.

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economy down, markets and commodity prices up..as they reflect the dollar falling off a cliff. You might "win" temporarily and stay afloat if you are in the right assets..but in the long run, this fiscal and monetary insanity will make us all lose.

Of course the God of the interventionist school (John Maynard Keynes) gave us timeless bits of wisdom like "In the long run, we're all dead." so I suppose we shouldn't worry too much.

How much time has to go by without an economic apocalypse before Cap starts changing his tune?

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I dunno lez, but $15+ trillion in lost wealth, a global recession, and mind numbing amounts of new debt is pretty semi-apocalyptic in my book.. And I've never predicted the end of the world..just the end of the dollar

quote:

Originally posted by Lebezniatnikov How much time has to go by without an economic apocalypse before Cap starts changing his tune?

Lol, so true. He has this giant record bag but only one track to play.

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The track is playing out pk...at a faster pace that I anticipated.

But a timetable on it so you can't keep extending the deadline for Doomsday.

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As usual with such situations, the truth lies somewhere in the middle

Australia has been on the up, very strong 1st and 2nd quarter, 3rd expected to be slightly more moderate in growth rates. About the only areas not contributing strongly are agriculture, fisheries and forestry.

quote:

Originally posted by Capitalizt I dunno lez, but $15+ trillion in lost wealth, a global recession, and mind numbing amounts of new debt is pretty semi-apocalyptic in my book.. And I've never predicted the end of the world..just the end of the dollar

Your predictions are on par with me predicting it's going to rain soon.

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