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2010: Give us your opinion

 
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How do you think the economies of the developed world will do in 2010?
Terrific. The recession is behind us and the financial crisis is over.
0%
 0%  [ 0 ]
Not bad. There will be a few more hiccups on the way but generally things are looking up.
16%
 16%  [ 1 ]
Bumpy. We might have a double-dip recession or another crisis in the financial sector.
50%
 50%  [ 3 ]
We're doomed. There's going to be a full-blown depression and financial meltdown. Head to the bunker.
33%
 33%  [ 2 ]
Total Votes : 6

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Stirling
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Joined: 17 Jan 2007
Posts: 297
Location: Ontario, Canada

PostPosted: Fri Jan 01, 2010 4:49 pm    Post subject: 2010: Give us your opinion Reply with quote

Here's hoping everyone had a safe and happy time during their Christmas and New Year's celebrations!

May you enjoy a blessed 2010. Very Happy

Let us know how you think the new year will turn out economically in the poll above, and share your prognostications in the thread below.
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B'smooth
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Joined: 27 Dec 2009
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PostPosted: Sun Jan 24, 2010 2:50 pm    Post subject: Reply with quote

As a whole, there will be more ups and downs, in and outs. But things will get better. Now, on the other hand it depends on what group this applies to. Within some organizations / groups of people and the way things are, they are not effected by this crisis. Hard times benefit some and good times benefit many. Opportunity presents itself in many ways.
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Stirling
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Joined: 17 Jan 2007
Posts: 297
Location: Ontario, Canada

PostPosted: Sun Jan 24, 2010 4:04 pm    Post subject: Reply with quote

Rolls-Royce owners should be one of the groups escaping unscathed.

(New) Bentley owners I'm not so sure. I think a lot of them are stockbrokers with a big lease allowance!! Laughing


Some of the Elliott Wave guys I've been reading lately are fairly confident we've just crested the top of Wave 2 and are headed down fast. Very fast, and very down. Like eventually sub-1000 Dow down. If that comes true it will have been an amazing prediction.

On the other hand, when Obama was being sworn in among all the hype and hope, they were also predicting he would leave office deeply unpopular. That seemed implausible at the time but here we are only one year later and the shine is definitely off of B. Obama.

If you want to know more about this Elliott Wave stuff go to my other site www.DoomedCanadian.com and scroll down until you see the advertisement on the left hand side for a "free 13 page report" from Robert Prechter (of course I get a nice gratuity from them if you sign up). Smile
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B'smooth
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PostPosted: Sun Jan 24, 2010 10:53 pm    Post subject: Reply with quote

More than likely most (90%) of the Rolls-Royce owners will escape the crisis. The (NEW) Bentley owners (30%) will more than likely not. Just because some consumers own certain products, don't mean that they can afford them. This is an opinion based on experience from dealing with this class. There is a lot of leasing going on out there and it's not a bad thing.

Now about B. and Obama. Lets face it, in most leadership and/or management situation, the new guy can and will be blamed for down falls from the last guy if things are not pulled out and B. got some heat for some things left behind. Generally speaking, if there is a mess when you get there and the solution is not quick enough, get ready. Been there, Done that. Some things are just out of your control within the decision making process.

As for the Elliott wave stuff. I'll check it out and get back with you. Just may sign up.
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koenig
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PostPosted: Fri Feb 19, 2010 10:36 pm    Post subject: Reply with quote

My Dad has been a stock broker, more corp finance and securities underwriting for 40 years. He's one of the few who can actually read a stock chart and trades. Most are salesmen, at least most I know and therefore think your right about new VW owners! Dad also still does charts the old fashion way. He's also been speaking at conferences lately, Elliot Wave was a topic he spoke on last weekend. Cool

Been busy lately, my work is up 300% this year! Anyway, I'll make a wild prediction for 2010. Vancouver, with the winter Olympics, hosted another event. First cabinet meeting between The Pacific Coast Collaborative:

Quote:

With a combined population of 52 million and a GDP of $2.5 trillion, Alaska, British Columbia, California, Oregon and Washington are poised to emerge as a mega-region and global economic powerhouse driven by innovation, energy, geographic location and sustainable resource management, attracting new jobs and investment while enhancing an already unparalleled quality of life.

On June 30, 2008, the leaders of the five jurisdictions signed the Pacific Coast Collaborative Agreement, the first agreement that brings together the Pacific leaders as a common front to set a cooperative direction into the Pacific Century. Out of this agreement was born the Pacific Coast Collaborative -- a formal basis for cooperative action, a forum for leadership and information sharing, and a common voice on issues facing Pacific North America.


2010 We'll see economic cooperation between four American States and a Canadian Province. The wild part British Columbia and four US states are developing a regional economy together.

BC and WA are looking at:
Quote:
Explore opportunities to undertake joint purchasing, which could produce significant savings for governments and taxpayers.
source WA/BC government websites!

My wild prediction British Columbia will be the first Canadian province to join The United States!

http://www.pacificcoastcollaborative.org/Pages/Welcome.aspx
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Stirling
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PostPosted: Sat Feb 20, 2010 8:48 am    Post subject: Reply with quote

You might be right Koenig, but I'll make a prediction that is a variation on yours: Oregon and Washington will leave the union and join Canada.

Socially and politically much of the Pacific Northwest has more in common with (Western) Canada than with the Midwest and Southern U.S. As this recession deepens into a depression the forces working to break apart the Union should gather steam. A lot of America is politically polarized already and the current Democratic dominance of two branches of government along with the massive intrusion of that government into almost every private realm can only serve to further highlight regional cultural differences. Who knows, maybe Vermont will want to join the Dominion as well.

Or maybe Alberta and British Columbia, Washington, Oregon and Alaska will all split off to create their own country. California is in such an economic mess though would anyone want them around?
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koenig
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PostPosted: Sun Feb 21, 2010 5:47 pm    Post subject: Reply with quote

No we don't really want California. However, if you remove marijuana BC two largest industries are; logging, tourism, and film/tv production, all need a low Canadian dollar to the U.S. Besides double dip leading into depression--Canada has no choice but to go on the U.S dollar and open the border like the EU. First time in 30 years Canada has a trade deficit that is increasing with the destruction of the US dollar by the fed.

I'm thinking about riding it all out in the Turks and Caicos or Cayman Islands! Yachts are getting very reasonable in price! Very Happy
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koenig
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PostPosted: Sun Feb 21, 2010 5:49 pm    Post subject: Reply with quote

No we don't really want California. However, if you remove marijuana BC two largest industries are; logging, tourism, and film/tv production, all need a low Canadian dollar to the U.S. Besides double dip leading into depression--Canada has no choice but to go on the U.S dollar and open the border like the EU. First time in 30 years Canada has a trade deficit that is increasing with the destruction of the US dollar by the fed.

I'm thinking about riding it all out in the Turks and Caicos or Cayman Islands! Yachts are getting very reasonable in price! Very Happy
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