Your chance to predict the end of the recession

[Augustine2004]

Associated Press reported a National Association for Business Economics survey. 90% of 'economists [maybe just NABE members] predict the recession will end this year.'

[Philosophickle]

I don't generally believe we have good ways of measuring when a recession begins and ends, especially during said recession. It's possible that we begin to see some economic growth-- about 1.5 % to 2%-- sometime this year yet, but that is way slower than Americans are used to. It's unlikely we'll see that kind of growth (we are used to above 4%) again for a long time, so in a sense this recession has made some permanent imprints on the economy.

[seanD]

Well, since I believe the bible and am a futurist, I believe one of two will happen: 1) it will get progressively worse until it utterly crashes and the dollar is completely valueless, 2) it will seem to get better (false flag), then suddenly bottom out all at once. So it's difficult for me to make a choice.

I'm expecting a major war soon, that will leave the economy in total disrepair, in which a new IMF system will have to replace it.

[Augustine2004]

I'm expecting a major war soon, that will leave the economy in total disrepair, in which a new IMF system will have to replace it.

Why do you expect those events?

[seanD]

Why do you expect those events?

Guess because I believe the bible and take it literally, rather than metaphorically. And when I compare it to what's going in the world, it seems to be taking shape that way.

[Augustine2004]

But Jesus said that nobody knows the hour. Why do you not believe that, literally or metaphorically?

[seanD]

But Jesus said that nobody knows the hour. Why do you not believe that, literally or metaphorically?

Of his return.

He never said we wouldn't know the signs that lead up to his return. In fact, he made clear that we could and should know when he is "at the door."

[Augustine2004]

Of his return.

He never said we wouldn't know the signs that lead up to his return. In fact, he made clear that we could and should know when he is "at the door."

I still remember reading in the college newspaper what a football star and his friends wrote, listing signs that the end was near. Well, it's now 2009, and now you say . . .

[seanD]

I still remember reading in the college newspaper what a football star and his friends wrote, listing signs that the end was near. Well, it's now 2009, and now you say . . .

Yep, many eras and generations of crying wolf and false end of the world proclamations. The Christians in the first century I believe thought Jesus' return was imminent, so this has gone on for 2,000 years. I'm not proclaiming this to anyone. This is just what I believe. Don't anyone listen to me. I could be wrong just the same. I'm expecting one of two things: either the temple at Jerusalem built first, or a major war, and in the aftermath, the new temple built.

[seanD]

Paul Keating is predicting that we will never come out of this global economic crisis until a "new" IMF is restructured around a global entity and power:

"Until we get to a representative world structure of power, that is global and political power, and global financial power, then that's the only way I think now confidence will really return."

http://www.youtube.com/watch?v=nkux40HUTtc