Wall St vs Main St: Predictions for 2009

Predictions on the stock market, price of oil, and housing market made by both Wall Street and Main Street for 2009.

Category:

News & Politics

Tags:

• savings
• save money
• home buying
• gas prices
• home prices
• interest rates
• predictions
• new years
• 2009
• economy
• wall s

[KhmerD0g]

saudi and the rest of the oil producing countries will sell oil at the market price. china will buy $200 per barrel of oil.

[infernalhammer]

How will you sell $200 oil in a severe depression with 30% unemployment?

$200 oil in a hyperinflated economy maybe.

[gus19668]

oil 100 $- houses 50% drop ,- gold 1500 an oz , if dollar crash  it is over , im going home

[KhmerD0g]

i will get this right.

we are going to have the great depression II.

home price drops to 100-200 thousands average price. oil price will be 200 dollars a barrel of oil. hyperinflation. stock market will crash. gold will hit 2000 bucks an ounce.

this second great depression will last at least 10 years minimum.

[scwallac]

Seems like you cherrypicked the "man on the street" answers that best matched what your expert was saying. How about some, like, you know, statistical data or averages based on the responses you received on the street??

Well produced program, but the underlying analysis is very weak.

[tyronebiggums3]

From here:

- Market down 25-50%

- Houses down 10-50% (location dependent)

- Oil $80 bbl

(assuming US dollar does not crash for another 2 years)

[hawaii8087]

WOW

Interesting predictions.

I love this channel :)