The Economist Prediction for 2009: Bad to Dreadful

NEW YORK (YouTube.com/AdAge) -- Daniel Franklin sees the media industry's current plight getting much worse before it begins to get any better. And his view would seem to be of particular note, given that he is the editor who oversaw the research and creation of The Economist's annual business predictions issue. Mr. Franklin, who is also executive editor of the magazine, stopped by the 3 Minute Ad Age studio to discuss the gloomy particulars of his conclusions.

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[theratfarmer]

how can a home owner be resposible for 90% of any mortgage loan? for example, a 100k loan, from a bank, for a mortgage loan is 90% made up out of thin air. "fractional reserve banking". so, the way i see it is, the home owner only owes 10% of the loan (10k). how can a bank loan the money if they don't have the other 90% (90k) of money? legally the home owner owes only 10% of the mortgage.

[TruthandJustice101]

2009 = THE GREAT DEPRESSION 2

[cougarvote]

@gyalstush Is it Catherine Austin Fitts you are kooking for? She is the president of Solari Investments and has been advisor to a number of presidential administrations. She predicted current events years ago, a very, very savvy and perspicacious analyst. There are youtube videos you can see to check if it is her you are seeking. And if it's not her, you may find she's well worth listening to anyway.

[gyalstush]

I heard that a lady (probably an economist) predicted all this global economical or stock market collapse, sometime back. Anybody ever hear about her?

[gone556]

Recovery in 2010 are you crazy, arm loans are about to reset. Unemployment after the stimulus (money we printed out of thin air) raised to 10%. The government is showing no restraint on spending money we don't have. Were the biggest debter nation in the world and it is not a good position.

[ghahandi]

This guy missed the mark. 2nd half looks dismal

[AltCowGod]

The media is shite anyway. Do away with most of those horse arses and we may have more money, hah!

[AltCowGod]

MY MOM IS A MILF

[moniequa]

You know it not the banks' fault, if we don't like their fractional reserve system don't borrow. The problem is we too many stupid assholes who can't afford to buy a house borrow and buy. Legally, if you don't have the fucking money don't buy the god damn house. Bottom line is we stupid and get fucked just shut up and take it.

[theratfarmer]

you dip shits still don't know anything do you?  fag, cum in your mouth, i fucked your mom, so on etc.. your a bunch of dumb fucks. lol. your so dumb, you can't think right. idiots.

[theloganrocks]

Fag

[morgandrim]

That is a very interesting statement from you theratfarmer - especially when one weighs it up against the fact of negative equity. The banks have - let us admitt it - got us by the short and curlies.