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Reply To: 2009 Predictions

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#791505
Dwelleruppy
Member

I think there will be some more economic trouble in the start of 2009. Not sure what exactly, but I have my suspicions.

For one, I think the auto industry will fail, even after receiving federal funds. This is the most likely factor to keep things down for a while to come (although this may be delayed a few years and not have an effect in the near future).

I believe it won’t be until the end of 09 that true economic recovery will start. Even then, the markets may rally and the dow could even hit 10,000 again by the start of 2010, but I think there will be some sideways growth for the 2010-2012 period. This caused by the damage that has already been done to the economy.
Online Gambling will be on the backburner unless big money shows interest, which is a possibility given the fact that their profits have already been hit and they are surely looking for anything that will help boost revenues.