[Osinski]

Now for a totally different perspective:

http://www.freerepublic.com/focus/news/704316/posts

Summing up: It’s crunch time for the old recipe of US-centric global growth. What worked so brilliantly for the past seven years seems unlikely to do the trick this time. Global risks are mounting and there may be no easy way out for world financial markets.

[ThePythonicCow]

Not totally different - just different in time scale.

I agree that the next ten years will suck. Indeed, this may well be what poses the greatest risk to Bush in 2004. The public doesn't hold him responsible for what we've seen so far -- much of that was already in progress by the time he took the Oath of Office. But a dramatically worse economy over the next two years would present a real challenge. He could lean conservative, like Hoover did, and get run out of town. Or he could lean liberal, like FDR did, and use it to win a second term easily. Pretty clearly, he's willing to lean liberal.

So I predict:

1. worse times ahead for the economy,
2. major bull market for gold already begun,
3. greater Middle East wars ahead,
4. Bush will lead us in war, and "feel our pain",
5. two full terms for Bush, and
6. no balanced budgets for quite a while.

But for the short term, I predict a nice little bear market rally, and I urge us to Get the Senate Back!.