SO WILL THE ECONOMY WIND UP LOOKING LIKE Bretigne Shaffer’s predictions?
My prediction: By the end of Obama’s first four years in office, the US economy will be in much, much worse shape than it is now. Specifically:
1. The US will have massive inflation. The dollar will lose at least 50% of its value against most goods and services, and certainly against the goods and services most people use every day. This is a very conservative estimate. It will probably be much worse.
2. Unemployment in the US will be worse than it is now. It will be at least in the double digits.
I hope not.