Recession 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 moreAs posted on my website on May 18, 2010: The stock market is up 68.1 percent since hitting a 12 year low in March last year (though it is still down 22.3 percent from its peak or 14,164.53 in October 2007). The climb has been one of the strongest in history, and according to many Wall Street economist’s heralds a
Read moreFor more predictions, please visit http://www.williamstickevers.com World Economy: General – Predictions 2010 Due to the continuing decline in the British banking system the British GDP will fall 4.7% in 2010. (January 4, 2010) Global imbalances and sovereign debt issues (nations will be unable to pay their debts in the year ahead) will weaken the economic stability of many nations across
Read moreFor more predictions, please visit http://www.williamstickevers.com Japan Economy: Prediction 2010 As marriage and family formation by young and early middle-aged Japanese continue to decline, the shrinking and aging Japanese population will become a major issue as sales consumption and taxable income drops. The demographic collapse facing Japanalong with a deeply troubled economy due to decades of capital mismanagement, unrestrained entitlement programs, expanding public
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WILLIAM STICKEVERS 