Summary of Statements: Dow Jones Indexes/STOXX Ltd. 2009 Global Economic Outlook
Both developed and emerging market economies will fall into a global recession in 2009, as commodity prices continue their decline and the U.S. dollar recovers ground against the euro, said leading finance ...
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#1 Feb 20, 2009
Dow Jones will further collapse, since we as a nation have created illusionary wealth over past decade. Right now we are facing the harsh reality and unfortunately 2009 will get even worse for us. The economic indicators donít look good, stimulus is not working so far, banks are not lending, retail is on the verge of collapse, food and gas prices started to increase and there are rumors about the possibility of nationalization of the largest US banks. I think 2009 will be the most difficult year for the United States and Dow might even hit 5K-6K in the second half of 2009.
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