| tokilamockingbrd said: recessions last between 6 month and 3 years... if they see it coming they can try and nullify the effects of a recession by preemtively adjusting rates. Greenspan was the master of this, the US in fact SHOULD have had a recession in 1996 but greenspan saw it coming and he adjusted rates PERFECTLY... this "soft landing" was the key to the 10 year boon in the US economy without a recession which lasted until the dot com bubble. |
A few differences, first off is the fact that consumer spending is weakening, even in earluier recessions in the past 20 years, consumer spending has been going strong, but right now that isn't happening, becaus of low saings and loss of equity in their homes, in adiition the FED is trying to slash interest rates to prop up the market but we are entering an inflationary cycle, see back in the 90's we had productivity booms and a technological boom, but today no such thing is occuring, this will be much harder to get through than earlier recessions
Predictions:Sales of Wii Fit will surpass the combined sales of the Grand Theft Auto franchiseLifetime sales of Wii will surpass the combined sales of the entire Playstation family of consoles by 12/31/2015 Wii hardware sales will surpass the total hardware sales of the PS2 by 12/31/2010 Wii will have 50% marketshare or more by the end of 2008 (I was wrong!! It was a little over 48% only)Wii will surpass 45 Million in lifetime sales by the end of 2008 (I was wrong!! Nintendo Financials showed it fell slightly short of 45 million shipped by end of 2008)Wii will surpass 80 Million in lifetime sales by the end of 2009 (I was wrong!! Wii didn't even get to 70 Million)
