Economic Prediction for 2007

[gemsergio]

Ok lets have some look at the future this is how I see it:

I dont see a very good year, 2007 IMO it will be the beginning of the biggest depression in record worst than 1929.

I see house prices going down around 40% as well as stock market.
RPC going down of at least a 20 25% by the year end.

Gold at 900 USD by December situation much worst beginning of 2008.

I see Cash as king from 2008.


I hope to be very wrong by the way

 

[Talkhost]

Depends which part of the world you are in and which currency you depend on.. The US$ looks to be f***ed for at least the next 6 months... The last 6 months has seen a very rapid decline in value against the £ and Euro.. So don't expect any bargains from Europeans any time soon if you are using the $US
Although we will be capitilising on our strong currency to grab some bargains