Predictions for the rest of 2010-2011
The following are secular-based predictions for 2010 and 2011. To my knowledge, they are not basing their anticipations on words they've heard from "Heaven" [tongue in cheek]... so realize that there are things going on that they are not factoring into their forecasts. Major war and [literal] earth-changing events may make their current gloomy predictions look like things to wish for. However, the things we need to be watching for [from a prophetic stand-point] is a massive regional Middle East war (Psalm 83:1-18), which certainly appears to be on the horizon.- Hanok
LEAP 20/20 (Global Europe Anticipation Bulletin)
2010 Outlook from a group of 25 European Economists with a 90% accuracy rating- We anticipate a sudden intensification of the crisis in the second half of 2010, caused by a double effect of a catching up of events which were temporarily frozen in the second half of 2009 and the impossibility of maintaining the palliative remedies of past years. There is a perfect (economic) storm coming within the global financial markets and inevitable pressure on interest rates in the U.S. The injection of zero-cost money into the Western banking system has failed to restart the economy. Despite zero-cost money, the system has stalled. It is slowly rolling over into the next big down wave, which in Elliott Wave terminology will be Super Cycle Wave Three, or in common language, "THE BIG ONE, WHERE WE ALL GO OVER THE FALLS TOGETHER."
Cliff High (Web Bot Project)
July and onward things get very strange. Building tension language breaks on July 11th with a day or two of release language... then a return to building tension until November 8th. US Dollar dead. Revolution.
George Ure (Urban Survival)
Markets up until mid-to-late-summer. Then "all hell breaks lose" from then on through the rest of the year.
Bob Chapman (International Forecaster)
"The probability of 14% inflation in 2010 has already been baked into the cake. The Fed and other central banks are really trying to avoid hyperinflation. The real trouble will come in 2011. If the Fed and other central banks cannot raise interest rates, cannot reign in the liquidity in their economies, and need further stimulus, which we believe will be the case, then inflation will run wild. As a result gold and silver prices will go through the roof."
"That leads us to our latest information gleaned through private Fed meetings. They believe the period between July and October is when the financial fireworks will begin. The Fed will act unilaterally for its own survival irrespective of any political implications. In the last quarter of the year we could even see Martial law, which is more likely in the first six months of 2011. If Congress passes any kind of health care, the public will go ballistic and be prime for revolution. Our position is that bank lending will not improve nor will unemployment. If this is accompanied by official devaluation and default everything could break loose. The elitists realizing this will arrange another 9/11-type event with the usual cast of characters and we expect conflict will spread into Pakistan and that Israel will attack Iran enveloping the Middle East in flames. That would send oil prices considerably higher and cause a collapse of world stock markets, with the exception of gold and silver shares. The excuse to impose Martial law would be apparent. The country could go into lockdown. Transportation could be limited, food and gas rationed, banks closed and many other major inconveniences. The current mainline media, Wall Street and governmental propaganda about economic recovery would end, they never having to prove that a recovery ever existed. During the first six months of 2010, Americans and others will continue to live in their world of inreality. These hopeless fools are again being taken down the garden path. The world as we know it is about to change dramatically, so prepare for it." - Jan 6, 2010
Gerald Celente (Trends Research)
Terrorist attacks and the "Crash of 2010". Starting at 40% devaluation at first = the greatest depression, MUCH worse than the Great Depression. Bankrupt cities. States in default. Whatever the spark, the stage is set for panic in the streets. If Israel and/or U.S. attack Iran, it will be the start of WWIII.
Igor N. Panarin (Russian Professor of Political Science)
In the summer of 1998, based on classified data about the state of the U.S. economy and society supplied to him by fellow FAPSI analysts, Panarin forecast the probable disintegration of the USA into six parts in 2010 (at the end of June start of July 2010, as he specified on 10 December 2000).
Joseph Meyer (Industry Arbitrator)
Forecasts on the economy. He sees the real estate market continuing to decline, and advised people to invest in precious metals and commodities, as well as keeping cash at home in a safe place in case of bank closures. The stock market, after peaking in March or April (around 10,850), will fall all the way down to somewhere between 2450 and 4125 during the next leg down.
Jim Rogers (Investor | Commentator)
We're all going to pay the price for this in one or two or three years. The next times we have problems in the economy... which will be not too long... we don't have any bullets left. We've shot everything we have to solve our problems. What are they going to do? Quadruple the debt again? Print more money? We don't have any more trees left. CNBC
Marc Faber
The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults adn the impoverishment of large segments of Western society. - The Gloom, Boom & Doom Report 9/2009
"Don't worry. There will be some new problems." Blloomberg 5/25/2010
Max Wolf (Economist | Author)
Is there another economic tsunmai just around the corner? Max: We will definitely have another serious let down in the U.S. and global economy. Although it doesn't take alot of wisdom to say that because that is always true, but the question is, when? We've done alot of things that are dangerous so we could have it quite soon... and the bottom line is we haven't fixed (anyone in the United States nor around the world) the basic problems that created the great downturn of 2007 and 2008. And therefore, we have those problems still, but we have done absolutely nothing to change the root causes in the economy... which means we are living on borrowed time.
Peter Schiff (Euro Pacific Capital)
"In my opinion, the market is now perfectly positioned for a massive dollar sell-off. The fundamentals for the dollar in 2010 are so much worse than they were in 2008 that it is hard to imagine a reason for people to keep buying once a modicum of political and monetary stability can be restored in Europe . In fact, the euro has recently stabilized. My gut is that the dollar sell-off will be sharp and swift. Once the dollar decisively breaks below last year's lows, many of the traders who jumped ship in the recent rally will look to re-establish their positions. This will accelerate the dollar's descent and refocus everyone's attention back on the financial train-wreck unfolding in the United States . Any doubts about the future of the U.S. dollar should be laid to rest by today's announcement that San Francisco Federal Reserve President Janet Yellen has been nominated to be Vice Chair of the Fed's Board of Governors, and thereby a voter on the interest rate-setting, seven-member Open Markets Committee. Ms. Yellen has earned a reputation for being one of the biggest inflation doves among the Fed's top players." Schiff is famous for his accurate predictions of the economic events of 2008. - Mar 13, 2010
Lindsey Williams (Christian Missionary | connections to Big Oil insiders)
Dollar devalued 30-50% by end of year. It will become very difficult for the average American to afford to buy even food. This was revealed to him through an Illuminati insider.
Harry Dent (investor)
A very likely second crash by late 2010. The coming depression (starts around the summer of 2010). Dent sees the stock market currently benefiting from upward momentum and peppier economic activity headed for a very brief and pleasant run that could lift the Dow to the 10,700-11,500 range from its current level of about 10.090. But then, he sees the market running into a stone wall, which will be followed by a nasty stock market decline (starting in early March to late April) that could drive down the Dow later this year to 3,000-5,000, with his best guess about 3,800.
Hugh Hendry (Ecletica Asset Mngt)
I would recommend you panic. The European banking system is in crisis. Banks today are refusing to lend to each other. That is a reality. Bank share prices are collapsing and we have no ability to gauge the credit worthiness of the banking center.
Robert Prechter (Market Analyst | Author)
Founder of Elliott Wave International, implores retail investors stay away from the markets for now. Prechter, who was bullish near the lows in March 2009, now says the stock market "is in a topping area, "predicting another crash in 2010 that will bring stocks below the 2009 low. His word to the wise, "be patient, don't rush it" keep your money in cash and cash equivalents.
Arthur Laffer (Economist | creator of Laffer Curve)
The economy is headed for a "train wreck" in 2011. Tax hikes expected to hit after the expiration of the Bush tax cuts will cause today's corporate profits to tumble next year — probably right after a stock market collapse. “My best guess is that the train goes off the tracks and we get our worst nightmare of a severe 'double dip' recession.”
Richard Russell (Market Expert)
(from 2/3/10) says the bear market rally is in the process of breaking up and panic is on the way. He sees a full correction of the entire rise from the 2002 low of 7,286 to the bull market high of 14,164.53 set on October 9, 2007. The halfway level of retracement was 10,725. The total retracement was to 6,547.05 on March 9, 2009. He now sees the Dow falling to 7,286 and if that level does not hold, "I see it sinking to its 1980-82 area low of Dow 1,000." The current action is the worst he has ever seen. (Bob Chapman says for Russell to make such a startling statement is unusual because he never cries wolf and is almost never wrong)
Niño Becerra (Professor of Economics | Spain)
Predicted in July 2007 that what was going to happen was that by mid 2010 there is going to be a crisis only comparable to the one in 1929. From October 2009 to May 2010 people will begin to see things are not working out the way the government thought. In May of 2010, the crisis starts with all its force and continues and strengthens throughout 2011. He accurately predicted the current recession and market crash to the month.
Lyndon Larouche (Economist | Political Activist | US)
The crisis is accelerating and will become worse week by week until the whole system grinds into a collapse, likely sometime this year. And when it does, it will be the greatest collapse since the fall of the Roman Empire.
Paul B. Farrell (Market Watch | Wall Street Journal)
"You are witnessing a fundamental breakdown of the American dream, a systemic breakdown of our democracy and our capitalism, a breakdown driven by the blind insatiable greed of Wall Street: Dysfunctional government, insane markets, economy on the brink. Multiply that many times over and see a world in total disarray. Ignore it now, tomorrow will be too late." Feb 9, 2010
Neithercorps
Have projected that the third and final stage of the economic collapse will begin sometime in 2010. Barring some kind of financial miracle, or the complete dissolution of the Federal Reserve, a snowballing implosion should become visible by the end of this year. The behavior of the Fed, along with that of the IMF seems to suggest that they are preparing for a focused collapse, peaking within weeks or months instead of years, and the most certain fall of the dollar.
Barton Biggs (former Morgan Stanley research guru)
In his 2008 bestseller "Wealth, War and Wisdom", Barton Biggs warns us to prepare for a "breakdown of civilization ... Your safe haven must be self-sufficient and capable of growing some kind of food ... It should be well-stocked with seed, fertilizer, canned food, wine, medicine, clothes, etc ... A few rounds over the approaching brigands' heads would probably be a compelling persuader that there are easier farms to pillage." Biggs sounds like an anarchist militiaman.
Eric deCarbonnel (Market Skeptics)
There is no precedence for the panic and chaos that will occur in 2010. The global food supply/demand picture has NEVER been so out of balance. The 2010 food crisis will rearrange economic, financial, and political order of the world, and those who aren't prepared will suffer terrible losses. As the dollar loses most of its value, America 's savings will be wiped out. The US service economy will disintegrate as consumer spending in real terms (ie: gold or other stable currencies) drops like a rock, bringing unemployment to levels exceeding the great depression. Public health services/programs will be cut back, as individuals will have no savings/credit/income to pay for medical care. Value of most investments will be wiped out. The US debt markets will freeze again, this time permanently. There will be no buyers except at the most drastic of firesale prices, and inflation will wipe away value before credit markets have any chance at recovery. The panic in 2010 will see the majority of derivatives end up worthless. Since global derivatives markets operate on the assumption of the continued stable value of the dollar and short term US debt, using derivatives to bet against the dollar is NOT a good idea. The panic in 2010 will see the majority of derivatives end up worthless. The dollar's collapse will rob US consumers of all purchasing power, and any investment depend on US consumption will lose most of its value.
Alpha-Omega Report (Trends Forecast)
Going into 2010, the trends seemed to lead nowhere or towards oblivion. Geo-politically, the Middle East was and is trending towards some sort of military clash, most likely by mid-year, but perhaps sooner. At the moment, it seems 2010 is shaping up to be a year of absolute chaos. We see trends for war between Israel and her neighbors that will shake every facet of human activity. In the event of war, we see all other societal trends being thoroughly disrupted Iran will most likely shut off the flow of oil from the Persian Gulf. This will have immense consequences for the world's economy. Oil prices will skyrocket into the stratosphere and become so expensive that world's economies will collapse..There are also trend indicators along economic lines that point to the potential for a total meltdown of the world's financial system with major crisis points developing with the change of each quarter of the year. 2010 could be a meltdown year for the world's economy, regardless of what goes on in the Middle East .
James Howard Kunstler (Author)
Six Months to Live: The economy that is. Especially the part that consists of swapping paper certificates. That's the buzz I've gotten the first two weeks of 2010 ... Perhaps the most troubling buzz in the air this first month of 2010 are rumors of coming food shortages due to widespread crop failures around the world in the harvest seasons of 2009. Jan 11, 2010
Robin Landry (Market Expert)
I believe we are headed to new market highs between 10780-11241 over the next few months. The most likely time frame for the top is the April-May area. Remember the evidence IMHO still says we are in a bear market rally with a major decline to follow once this rally ends.
John P. Hussman, Ph.D.
"I would estimate a probability of nearly 80% that we will observe a second round of credit losses coupled with a market plunge in the coming year or so..." - Dec 7, 2009
Richard Mogey (The Study of Cycles)
Current Research Director at the Foundation for the Study of Cycles- "Because of a convergence of numerous cycles all at once, the stock market may go up for a little while, but will crash in 2010 and reach all-time lows late 2012". Mogey says that the 2008 crash was nothing compared to the coming crash. Gold may correct in 2009, but will go up in 2010 and peak in 2011. Silver will follow gold.
Meredith Whitney (Banking Analyst)
For the stock markets for the rest of 2010: "I think it's going to be bleak. I think that you have really no end demand from the consumer. I think you are going to see the double dip in housing take place in the second half and it's going to be rocky sledding". May 17, 2010
Jimmy "Doomsday"
DOW will fall below 7,000 before mid summer 2010- Dollar will rise above 95 on the dollar index before mid summer 2010- Gold will bottom out below $800 before mid summer 2010- Silver will bottom out below $10 before mid summer 2010- CA debt implosion will start its major downturn by mid summer and hit crisis mode before Q4 2010- Dollar index will plunge below 65 between Q3 and Q4 2010- Commercial real estate will hit crisis mode in Q4 2010- Over 35 states will be bailed out by end of Q4 2010 by the US tax payer End of Q4 2010 gold will hit $1,600 and silver jump to $35 an oz. - Feb 25, 2010
Unnamed Economist working for US Gov't (GLP)
What we have experienced the last two years is nothing to what we are going to experience this year. If you have a job now, you may not have it in three to six months (by August 2010). Stock market will fall = great depression. Foreign investors stop financing debt = collapse. 6.2 million are about to lose their unemployment.
With all that depressing news, we must end with a bit of humor from the Aussies Clarke and Dawe. "Sell everything, immediately... quickly!"


June 25th, 2011 - 16:53
What should I do with the money I didn’t save that will be worthless anyway ? Should I use it to buy the food that will be stolen by those who didn’t ? Or purchase weapons to protect it and die by the sword doing that ?
Buddy, if we ain’t between a “Rock & a Hard Spot”, then there never was a spot such as that.
Looks like maybe our only recourse is to get on our knees as did the ancient children of Israel, and pray for another Moses…