Peeking at the Future
Here's what one should expect to see in the near future.
1. Gasoline. Expect gas prices to continue to fall as we get closer to the election. Gas prices always go down prior to an election. After Obama is elected, expect gas prices to more or less remain somewhat lower until Big Oil figures out what plans Obama has for Big Oil. Expect Obama to take some revenge for unlimited profits that Big Oil has been squeezing out of the hapless people of the USA. Expect regulations to be created and thrown at Big Oil sometime next Summer. Expect Big Oil to gripe. Poor, poor Big Oil.
2. Credit. Credit is tight, but will start to loosen up shortly. Don't expect the crazy easy credit days of the recent past to return for several years, but credit will more or less start to normalize where it should be over the next several months. Home lines will be tight and harder to get for a couple of years, but people have always purchased homes, so expect home credit to be reasonable over 2009 but don't expect another sub prime give away for a generation. Expect Obama to throw new regulations at the lending industry in the Summer of 2009. Start ups using credit cards to fund their initial businesses will find that a bit tough. Lately, people have had their credit limits slashed or cannot get credit even though they have great credit ratings. That will change shortly, things will loosen up as more money flows to the lenders. Companies in the money space have been freaking out, but they will calm down in short order. Look for Holiday shopping to be a bit lower than normal dollar amount wise but nothing alarming.
3. Start Ups. Brisk. Expect to see competition though, with stock investments, as investors buy discounted stock on the Market for the next few months. Expect the Market to remain an up and downie thing for a while but generally moving back upwards as people figure out that there is still food to buy at the store, still movies to see at the theater, and no Second Depression on the way. All that talk about a Second Depression, silly that is.
4. The economy in general will start to show signs of recovery after Obama is elected. Caribou Barbie will become a curiosity for historians swiftly enough.
5. The media is searching for start ups to write about. They've written this week about Inspot.org (how odd, that) and BigString.com. They're looking for your start up to write about too, just give them a twist and away you go, free publicity. They need an "angle", so give it to them.

HA! I thought you made up those companies in your other post!
Reply to this
"The economy in general will start to show signs of recovery after Obama is elected"
Thanks for the economy forecast. Just hope it doesn't take >3 years to recover...
Reply to this