Economy Turn Around in 2009?? Don't Believe It...

...or at the very least, don't take it at face value. Stratfor.com, whoever that is, is predicting that the recession will subside in early 2009. Other analysts say it will be mid-2009. Remember these are the idiots who never saw this coming...they are now making predictions that it will turn around in 3 to 6 months.

Hello Mr. Greenspan...Mr. Best-Economist-Ever...what did you have to say on the situation before Congress the other day? Oh yeah...he said things like he was shocked...he never saw it coming...it was a once-in-a-century tsunami...and that the housing situation must correct first before the economy can turn around which won't be for many months. Former Federal Reserve Chairman is saying the recession will last more than 6 months.

So ask yourself this...why are "experts" saying that the economy will turn around in less than a year? Because oil prices are falling? Because the dollar is strengthening? Those are the only two bright spots at the moment. Unemployment is rising, foreclosures are still happening, and credit is still tight.

I'm not sure why oil prices are falling. OPEC just cut back on supply. Why? So we can keep $3.00 gas???

I'm not sure why the dollar is strengthening. We just did over 1.3 Trillion dollars in bailouts (some say nearer to 2.0 Trillion). We are printing money like crazy. So what? The rest of the world is hurting and their pain is strengthening our dollar??

I'm no economist...but the only people that saw this coming were the ones that aren't "experts", and something doesn't make sense here. If our dollar is strengthening just because the rest of the world is faltering, it's really a false strengthening. Whenever the rest of the world rebounds, we're still going to have more than $10 Trillion in National Debt and we'll still be running a yearly budget deficit, thus adding to the National Debt.

No one really knows when this will turn around, so all I'm trying to say is be careful folks. Pay your personal debts off. Change your lifestyle...live debt free. Get an emergency fund. Then whatever happens with everything mentioned above will have a minimal effect on your lives. For the ones out there saying don't panic. They're right. Don't Panic. Just get serious, life thrifty, pay off debts, and you'll be fine.