Economists! What is your forecast regarding the economy of the United States in 2009?

Question

What will the price of gas be? Will unemployment rates dramatically increase? What about home foreclosures?

I want to know all predictions!

What should I do to save myself from all of this?

Answer 1

US dollar might continue to lose weight against the leading trading currencies, namely the yen and the euro. The falling dollar is indeed good for U.S. export, but domestically it can have an inflationary impact as import becomes costly. Unemployment will soar, syrocketing oil prices,  It 's true that US economy is in real bad shape right now and obviously, it is going to get very, very bad  and it may get worse. Interest rates are going up regardless. That's what happens when you have inflation. So, interest rates are not the issue. Now, whether we'll have inflation or deflation, I truly don't know. However, it's safe toassume that if we do get deflation, that it's not going to be some minor thing. As far as your money goes, the kind of inflation we're experiencing can be a real killer. It drives up interest rates. It destroys purchasing power. It can destroy your nest egg. It can affect wages, housing, etc.  I think it's also a big help if we can have more

knowledge and awareness and be able to track the to track the impact of the fiat money systems that affects our lives. I found the website www.viritix.com or Viritix Inflation Tracker which I think can help us understand more about inflation and how it affects them, it aims to track inflation and give individuals an indication of how inflation is affected by what they spend their money on'. Do visit the site and let me know how you get on.

Answer 2

Expect gas to level off after the summer...less consumption and if congress agrees to drill in America, then the speculators will stop bidding up the price of crude...after the olympics expect everything made in China to increase by about 20 to 30 percent...they've been holding a ton of US dollars only to have them become worthless due to inflation...as for the housing market...well that mess could last as long as 2012.

Overall its hard to tell where the market is going...there's a lot of unprecedented moves going on right now...there's a whole lot of debt with nobody to pay for it.