Predictions : https://psychicinsights.wordpress.com/2009/01/31/new-psychic-predictions-for-2009/
* The economy is going to rebound a little, not too much and will spiral downwards yet again, do not look for a quick and easy fix as it will not happen.
Update May 30, 2009: Moneygeddon: Dollar Posts Biggest Drop Versus Euro in 2009 on U.S. Deficit
The dollar declined beyond $1.41 for the first time in 2009 in the year’s biggest monthly drop after investors dumped dollar-denominated assets as the U.S. budget deficit was projected to quadruple to $1.85 trillion
“It’s a fundamental dollar-down trade,” said James McCormick, global head of foreign exchange and local market strategy at Citigroup Inc. in London. “The truth is that countries like the U.S. with handicapped banking systems, with overextended fiscal policy, are going to see very shallow recoveries.”
The dollar weakened 6.3 percent this month to $1.4158 per euro, from $1.3230 on April 30. It was the biggest drop since December’s 9.2 percent decline. The greenback fell 3.3 percent to 95.34 yen from 98.63 at the end of last month. The yen slid 3.3 percent to 134.96 per euro, from 130.52.
The dollar dropped against all of the most active currencies tracked by Bloomberg on concern U.S. debt sales will overwhelm demand, pushing up the government’s borrowing costs and limiting the scope of an economic recovery. Bloomberg
Update May 23, 2009: ‘WE’RE OUT OF MONEY In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: “We are out of money.” CSPAN
* The housing market will crash even farther as the economy grows dimmer.
Update May 26, 2009: Homes: Almost 20% cheaper S&P/Case-Shiller index reports huge decline of 19.1% for the first quarter
The home price slide accelerated during the first three months of 2009, according to a report issued Tuesday.
The S&P/Case-Shiller National Home Price index, a bellwether of real-estate market direction, plunged a record 19.1% during the quarter compared with the first three months of 2008. That followed an 18.2% drop last quarter. CNN Money
* Some scandal will become associated with the new President. Update April 29, 2009: 100 DAYS, 100 MISTAKES
http://www.nypost.com/seven/04252009/postopinion/opedcolumnists/100_days__100_mistakes_166177.htm
Predictions : https://psychicinsights.wordpress.com/2009/05/24/219/
* Obama will make some major mistakes and people’s attitudes will change towards him becoming more negative
Update May 30, 2009: Obama Date Night Draws GOP Fire Republicans Slam First Couple’s ‘Night on the Town’ During Recession
The White House declined to say how much the trip was costing taxpayers, and even before the smaller jet left Washington, the there-and-back trip drew criticism from the Republican National Committee. The RNC issued a news release that chastised Obama for saying he understands American’s troubles, but then hopping up to New York for “a night on the town.”
Noting that General Motors is expected to file for Chapter 11 protection on Monday, the news release said: “Putting on a show: Obamas wing into the city for an evening out while another iconic American company prepares for bankruptcy.” AP News
NOTE: Pernel says- LOTS MORE Obama MISTAKES TO COME……
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