On December 23rd the Dow Jones Industrial Average (DJIA) closed above 18,000 for the first time after data allegedly showed the U.S. economy posted its strongest growth in more than a decade! The DOW has tripled its March 2009 lows, trading at 18.5 times forward earnings, higher than the 10-year average of 13.9. However what you probably don’t know is
Read moreRecession is Over Update: Regulators on Friday shut down a Nevada bank, raising the number of U.S. bank failures this year to 83. The 83 closures so far this year is more than double the pace set in all of 2009. By this time last year, regulators had closed 40 banks. The pace has accelerated as banks’ losses mount on loans made for commercial property
Read moreU.S. Economy: Real Estate The commercial real estate collapse that began in 2009 will accelerate and intensify bring down hundreds of regional banks throughout the nation in 2010. (January 4, 2010)
Read moreFor more predictions, please visit http://www.williamstickevers.com U.S. Economy: Unemployment The greatly undervalued underemployment rate, counting part-time workers who want full-time jobs and laid-off workers who have given up their job hunt, will exceed 20% by 2010. (January 4, 2010) As local banks continue to fail, mounting unemployment, home foreclosures spiking, with scores of local business struggling to endure, people go into survival
Read more
WILLIAM STICKEVERS 