The dollar value is dopping like a rock and the Federal Reserve is caught between a rock and a hard place. If it raises or lowers the lending rate there’s consequences to each action. The consumer is in the same fix as the government, both being broke, living hand to mouth with no savings to back him up during the hard times.
The problem with posting an economic prediction from a year ago is that it’s pretty easy to measure its accuracy. US economic growth has been robust for the past year and the Dow Jones is up by 2,000 points.