Quinn: Gold Going to $1500, Silver to $20 and Oil to $100 This Year
FinancialArticleSummariesToday.com (March 16th, 2010) Writes:
I’m not too optimistic about 2010. Below are my prognostications in the areas of the economy, domestic politics, global geopolitics, and the investment markets. Words: 681
In further edited excerpts from the original article* James Quinn (www.seekingalpha.com) goes on to say:
1. Double Dip Recession Will Commence by June of 2010 To date, the Federal Reserve has printed a) $700 billion wasted on a bank bailout, b) $787 billion wasted on a stimulus package c) $3 billion wasted on Cash for Clunkers ($24,000 per vehicle), d) $28 billion squandered on the $8,500 homebuyer tax credit, and e) $300 billion of mortgage-backed securities purchased by the Federal Reserve and Treasury and all we’ve received is a 2.2 percent increase in GDP. As the government stimulus winds down in the first half of 2010, the true weakness of the economy will reveal itself.
2. Official Unemployment Rate Will Grow to More Than 11% by
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