Just want to let my readers know that I’ve just finished including the 1st quarter update in my 2009 Predictions. Just bear in mind that these predictions were made on November 8th, only days after Obama was elected, because they’re proving to be so accurate that you’d think I was writing them as events unfolded.
The predicted lack of action on the trade deficit by Obama, though predicted, is a major disappointment. I was hoping to be pleasantly surprised, but that’s not been the case.
And just in case anyone thinks things are starting to improve, the monthly ADP Employment Report this morning forecast that March job losses soared to just shy of 750,000 jobs!
The G20 meeting is shaping up to be a slug-fest. The world is dividing into two camps – the nations with trade surpluses and those with the trade deficits. In other words, the parasites and the hosts. The parasitic economies of the world desperately want to keep the blood flowing, while the host economies are reaching for the fly swatter. It’s going to be great fun watching how this plays out.