Forecast of USA economy in 2010 and further.
You may heard about interviews that Gerald Celente gave to some TV networks: The Trends Journal, where he claimed it will be revolution and riots in US in year 2012. During our last Q&A session several AIHD instructors and students have run our own forecast of US economy for the next three years.
Three main parameters have been reviewed: rate of Gross Domestic Product (GDP); Employment rate – Number of people having job in US (purple line); rate of US dollar versus Euro.
As you can see GDP (blue line) will be oscillating around current level in 2010, and will fall down until the fourth quarter of 2011 after. If this is not a great depression, it is at least a deep one.
A dollar will keep steady against Euro almost entire 2010 (yellow line), but after that it will follow GDP on a sad road down. How much value will it loose? We did not look – it was too scary.
Employment (purple line) will also follow GDP and dollar, overcoming some resistance periods in Q1 and Q3 in 2011. There is no indication that current administration is in position to fix the situation. So, our analyzes does not contradict G. Celente output, and we recommend our readers to fast their sit belts – it will be bumpy ride ahead.
