Global Economy Recovery Forecast - 2012, 2013, 2014, 2015?

[Infoproliferati]

Some economic analysts believe there won't be any economic recovery until 2013. Others don't expect any economic resurgence any earlier than 2015.

What are your predictions (if any) and why?

I expected some form of recovery this year, at least Stateside. Now I realize I'd been way too optimistic. Assuming these analysts are right, does it really matter which party is in the White House beyond 2012?

While I have limited understanding of how banks work, I sense that a major part of this recovery is up to them; may be even more so than the role of government.

[lordbyroniv]

No economic recovery until 2020 at the earliest - if there is a Jubilee, and we prosecute the bankers, and reinstate the rule of law

Otherwise - 2030

Gold however is in a bull market for the next 15-20 years

[Infoproliferati]

Michael Bloomberg went on the record and blamed Congress for the financial crisis. Not that I'm surprised. He has been a part of the Wall Street machine for over thirty years. Yes mister "centrist" Mayor, the banks had nothing to do with it.

[Raider]

Some economic analysts believe there won't be any economic recovery until 2013

Their right, because they know Republicans will take back the White House and jump start the economy, but I don't see this happening until late 2013 or 2014.


It's my opinion that NO economic recovery will occur until ObamaCare is repealed.

NO economic recovery until Obama is booted out of office.

NO economic recovery until job killing regulations are removed.

NO economic recovery until Government begins to reduce out of control spending.


"Does it really matter which party is in the White House beyond 2012?"



Nah, NO correlation what so ever.

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I believe the economy will turn around when there is confidence with the average person. If people believe there is light on the horizon (they have or will be employed soon) they will start spending, when they do that it creates a growing economy and more taxes are collected and things balance out.

Economies need activity (spending) as long as people are spending; taxes are generated (personal, sales, corporate tax, etc) and jobs are created (we need people to make the things we buy) when more jobs are created they will in turn buy more things, pay more taxes and create more jobs.

The trick is... how do you increase confidence in the genral public?

[Raider]

I don't know if you guys follow Peter Schiff, an expert at economic forecasting who predicted the 2007-2008 recession;




Now he predicts were headed for a depression, I agree.. He also confirms what I've always believed that the stimulus weakened the economy;


Double Dip Recession? More Like Depression Says Peter Schiff.
By Jeff Macke | Breakout – Thu, Aug 4, 2011 8:48 AM EDT

SEE Video: http://finance.yahoo.com/blogs/break...124843251.html

Peter Schiff, the CEO of Euro Pacific Capital, isn't one of those guests Nesto and I have to badger for opinions. Ask him a question and the long-time bear will tell you exactly what he thinks with vigor, even when he has an aching throat. Schiff thinks the U.S. is headed not just for a recession but rather a full-blown depression. On the upside, he believes the coming economic situation will look familiar.

"The Depression [in the wake of the financial crisis] was temporarily interrupted by a bunch of stimulus which ultimately weakened the economy further," says Schiff. He adds the government's likely knee-jerk response of stimulating is, "probably going to be the fatal dose, the lethal dose" prior to "a complete economic collapse."

Which is precisely why Schiff wasn't among those expecting a debt deal relief rally last Monday morning. The attention paid to the deal was a "massive victory for propaganda that would have done Goebbels proud" (yes, this Goebbels). Schiff believes the real crisis wasn't the debt ceiling but spending and debt, both of which were effectively worsened by the deal.

"The reckless thing to do was to raise the debt ceiling" he says. Exacerbating matters Schiff thinks the ceiling is going to have to be raised yet again before President Obama leaves office. Not that the chance for DC to spend more freely will help the economy. "The reason we can't grow the economy is because the government is in the way... There's no jobs because there's no recovery."

By way of a cheery goodbye Schiff concludes, "We're on a collision course for disaster. All we can do, all your viewers can do is brace for impact...Buy gold. Buy silver... Get as far away as you can from U.S. currency and the U.S. economy."

The clip itself is must viewing, at least for those not given to panic.guys listen or read

http://finance.yahoo.com/blogs/break...124843251.html

[ilovedomains]

My dad made $250/mo. In 1950. He bought a house lot for $600, and a new Desoto for $1800. He could have bought 7 ounces of gold with his monthly income. At the end of 1950 there was a recession, and things never did get better.

How many ounces of gold does a monthly carpenters salary buy today? 7 ounces would cost over $11000. When is the 1950 recession going to end?

[lordbyroniv]

My dad made $250/mo. In 1950. He bought a house lot for $600, and a new Desoto for $1800. He could have bought 7 ounces of gold with his monthly income. At the end of 1950 there was a recession, and things never did get better.

How many ounces of gold does a monthly carpenters salary buy today? 7 ounces would cost over $11000. When is the 1950 recession going to end?

Gotta abolish the federal Reserve and bring manufacturing back to our shores. Re-instate the rule of law and kick out the illegals. Pretty simple stuff.