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Health Care & Environment

02.20 Young climate strikers can win their fight. We must all help

02.20 Voyage to the Garbage Patch: the female sailors taking on plastic

02.19 Bees brought Bavarians together. And they have a lesson for us all

02.19 Florida is drowning. Condos are still being built. Can't humans see the writing on the wall? [Fear that Trump & Fox News incite makes us avoid unpleasant information we need to know]

02.18 Tesla big battery is holding its own in a burgeoning energy storage market

02.18 Trump administration condemned over delaying action on toxic drinking water

02.16 New experimental drug rapidly repairs age-related memory loss and improves mood

02.16 Toxic black snow covers Siberian coalmining region [0:49 video; If its killing us, stop doing it]

02.16 Renewable energy will be world's main power source by 2040, says BP [But in America's capitalistic bubble, bribed-to-be-biased media and government defy reality]

02.16 My generation trashed the planet. So I salute the children striking back

02.16 US coastal businesses hit by everyday impact of climate change, study shows

02.16 What the pesticides in our urine tell us about organic food [What does inaction tell us about capitalism and our government?]

02.14 Exposure to Glyphosate-Based Herbicides and Risk for Non-Hodgkin Lymphoma: A Meta-Analysis and Supporting Evidence [If its killing us, make it illegal]

02.14 To avoid environmental catastrophe, everything must change [Consider why this headline is laughable or confusing to many, if not most, Americans...]02.13 Study Shows Toxic Pesticide Levels in Families Dropped by 60% After One-Week Organic Diet [2:10 video; Produce and canned vegetables laced with toxic chemicals—from fertilizers and herbicides, too—must be quickly phased out to use safe organic alternatives]

02.12 Biggest offshore windfarm to start UK supply this week

02.12 Scientists Are Totally Rethinking Animal Cognition

02.12 Politicians are complicit in the killing of our insects – we will be next

News Media Matters

Daily: FAIR Blog
The Daily Howler

US Politics, Policy & 'Culture'

02.21 Bezos Says Amazon Drones Ready to Deliver Mueller Report to Every American Household

02.21 Devin Nunes Was Trump’s Mole Inside the Gang of Eight

02.21 Alec Baldwin fears for family's safety after Trump 'retribution' threats [0:40 video]

02.20 Intimidation, Pressure and Humiliation: Inside Trump’s Two-Year War on the Investigations Encircling Him

02.20 ‘Sustained and ongoing’ disinformation assault targets Dem presidential candidates [If you can sense them, block them!]

02.20 The 2020 U.S. Presidential Race: A Cheat Sheet

02.20 Why Bernie Sanders' radicalism can take out Trump

02.20 Why vote for Sanders when you can have Elizabeth Warren instead?

02.19 Democratic party elites silence Ilhan Omar at their peril [2:01 video]

02.19 The Political Revolution Is Back: Bernie Sanders Announces 2020 Run for President

Justice Matters

02.19 California Leads 16 States Suing to Block Trump Border Plan

02.19 Fighting pollution: Toledo residents want personhood status for Lake Erie [Hurrah!]

High Crimes?

02.20 Despite the slaughter in Yemen, Britain is still chasing arms sales [and the Great-Again-America is too...Capitalism without morality is horrible]

02.16 Elliott Abrams Defends War Crimes As Happening Back In The ’80s When Everyone Was Doing It

Economics & Corrupting-Capitalism

02.21 Historian who confronted Davos billionaires leaks Tucker Carlson rant

02.20 A Centuries-Old Idea Could Revolutionize Climate Policy

International & Futurism

02.21 John Oliver Compares Brexit ‘Disaster’ to Will Smith’s Genie in Live-Action ‘Aladdin’ (Video) [21:26 video; we’re approaching an Idiocracy-type of society, where stupidity is “normal”]

02.20 House report lays bare White House feud over Saudi nuclear push [Its hard to keep up with all the criminal crap going on...]

02.20 My grandfather was a Nazi. I’ve seen why we need the EU

02.19 Centrism isn’t the solution to the mess we’re in

02.19 Renewables need urgent investment to ease Australia's transmission bottlenecks, experts warn

02.18 Hate-Fest in Warsaw

02.18 They Used To Hold Hands Through the Wall. Now, There’s Razor Wire.

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  Thinking About 2010

COMMENTARY:

Thinking About 2010

by Fred Cederholm

I really hate to admit that I don’t have a clue where we are headed in 2010, and I'm really quite amazed that 2009 turned out as good as it did.

I’ve been thinking about 2010. Actually I’ve been thinking about 2009, predictions, meddling, muddling, Real Estate, and Yemen. Happy New Year!!! I don’t know about you, but I am really happy that 2009 is behind US. When Queen Elizabeth II discussed 1992 as her “annus horribilis” (horrible year), because of two sons’ divorces and a major fire at her home at Windsor Castle, she captured my feeling about 2009. What a year that was for not only me, but practically everybody I know.

You see not everyone had two open heart surgeries compounded by a near fatal MRSA infection, but virtually no American household (excepting maybe those of some Wall Street Bankers and defense contractors) got thru the year unscathed. Granted some enjoyed a recapture of their earlier stock holding losses but I fear such gains are illusory and more losses will accrue in 2010 --- but more about that later.

I normally write my first column of the New Year about my predictions for the coming year. I’ve been scouring the internet and reading newspapers and magazines to get a grip on where we are headed since late November. I’ve always felt that the past is but a prologue of what is coming at US/us in the coming year. This time I am literally at a loss. No, I didn’t lose my Nostradamus genes because of all the antibiotics that were infused into my body. Still... I really hate to admit that I don’t have a clue where we are headed in 2010. I am really quite amazed that 2009 turned out as good as it did on the national scene. 2010 is going to be a year to watch closely. At best, I foresee more of the same!

Every prior economic downturn was “fixed” by the FED cutting interest rates and printing money to encourage the populace to borrow and spend money they didn’t have, on things they didn’t need. This recession/depression was actually caused by such ill sighted policies. So... what did Chairman Bernanke (Time’s man of the year) and Treasury Secretary Timmy Geithner do? They kept interest rates at practically zero for the banks, agreed to buy (and warehouse) worthless banking paper investments, and encouraged the populace to borrow more and spend still more on foreign made “stuff.” It was a policy of meddling and muddling at best. If this BIG CON actually worked, it would buy more time until the invisible hand of free markets or wartime spending actually fixed things. Despite my doubts and reservations, this lame policy of spin, more debt and perpetual warfare seemed to work.

To stimulate car sales and home sales Uncle $ugar upped the poker ante by escalating the inert value of used cars, and Uncle gave an $ 8,000 tax credit to first time home buyers. This worked, but the sales began to slow as soon as the incentives expired. Will these and other “freebies from the Potomac” be reactivated, or extended? Time will tell. (I suspect some of both will occur.)

I have said all along that a jobless recovery is not possible. I still hold to that prediction despite the rumbling/ramblings of the Obama Administration. The 250,000 PLUS monthly net job losses which began in mid 2008 continue. This growing body of the unemployed will go on for the coming twelve months of 2010. I should point out those jobs created were in the various minimum wage service sectors with little, if any, benefits. These do NOT provide enough income for any middle class existence. It becomes a matter of “I owe, I owe... it’s off to work I go.”

Keep a close eye out for significant developments in the real estate markets in 2010. We shall see a significant increase in “available” properties of both residential and commercial types. “Available” is the politically correct way of saying vacant and for sale (or lease). In the coming weeks we shall learn which retailers made enough cash in the past Christmas season to keep them going in 2010. Significant numbers of alternative A and interest only/negative amortization home loans will be due to reset. Unless the highly favorable initial loan terms are renewed, walk-a-ways and foreclosures can only increase.

I must confess I do not have a clue why the equity stock markets rose 14% to 19% in 2009. Continued strength will only come from foreign held bucks and those who “believe” we are at the threshold of another BULL market. I can see the Dow trading in a 14,000 to 3,800 range in 2010!

Two certainties for 2010 will be:

  1. an increased US presence in Yemen in the gulf because of the “panty bomber” and the newly discovered energy reserves in this gulf nation, and
  2. economic deterioration in state treasuries will force at least one of the 50 states to seek bankruptcy protection. Then watch out!

I’m Fred Cederholm and I’ve been thinking. You should be thinking, too.


Copyright 2009 Questions, Inc. All rights reserved. Fred Cederholm is a CPA/CFE, a forensic accountant, and writer. He is a graduate of the University of Illinois (B.A., M.A. and M.A.S.). He can be reached at asklet@rochelle.net.




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This story was published on January 4, 2010.

 

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