TCI Economic Forecast 2010
Daniel Hung (September 1st, 2009) Writes:
As some members may know, The Curious Investor is a member of the Forbes.com blog network. This week, they’ve organized the bloggers to answer the prompt:
What is your economic forecast for 2010? Are there specific economic markers that you find particularly useful and upon which you rely on in making your prediction?
From my perspective, the United States economy for the last decade has serial bubbled its way to the illusion of wealth. First the internet bubble and then cheap credit financing a housing bubble lined the American consumer’s pockets with a seemingly endless growth in wealth. Now, without the benefit of another asset to quickly inflate, it would seem that we’re facing a longterm retrenchment of the consumer as he begins to realize that the last ten years of “wealth creation” may have been quite illusory. To make matters worse, declining
...blog network, corporate services, finance, Financial Services, Internet bubble, Market Commentary, Technology Sector, The Curious Investor, United States


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