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Monday, December 22, 2008

What does 2009 look like?

Predictions for 2009.
More banks will fail, you can bank on it.

Unemployment will go up. As more people lose jobs, foreclosures will go up, as banks are forced to auction off foreclosed properties their value goes down. As property values go down, more banks are underwater.

Many will choose to ignore what is taking place, but those that are awake should stock up on food and fuel. I see shortages in the future beyond 2009. Yes, things will get worse...