The future

Today it's now April 1 of 2009, the day I predict the bottom of the economy can be experienced. I have other predictions for the future. If my predictions are true I will become famous and get a book contract. If my predictions turn out to be false, I can always say it all was an April Fool's Joke.

One year from today, ie. April 1, 2010:

The Dow Jones will be over 9,000.

The Standard and Poors Index will be over 1,000.

NASDAQ will be around 2000 and people will like Microsoft Windows 7.

The unemployment rate will be 6.5.

Obama will be unpopopular as a president. Fighting in both Iraq and Afghanistan will be heavy and things will not look well on the warfront. Hillary will have a mini scandal involving finance.

Housing and gasoline will be up 15% for the year.

Ugly Betty will be cancelled, but a movie will be planned.

Governor Steve Lonegan of New Jersey will be unpopular with Jim Gearhardt for betraying the taxpayers of New Jersey. Former Governor Corzine will announce his engagement to Carla Katz.

April Fools!

White House Victory Garden

Taking the lead from my other blog, Balcony Tomatoes, the White House is now starting an organic victory garden. An inspiration to all of us, soon we will be a nation of tomato and rutabaga growers, saving the environment and stuffing ourselves with herbivorous delights. Nice to see even former president Bush is taking part in the festivities.

On other fronts, a blog on the stimulus package is being presented on the New Yorker site. One of my favorite pod casts is the Slate Political Gabfest. Emily Bazelon has such a cute voice. On the latest cast, one of the men (probably David Plotz) proposed that there should be a way for average citizens to buy toxic assets in the package being offered by Tim Geithner. My suggestion is that one of the mutual fund companies could offer a "toxic assets" mutual fund.

Till that time.

And

Being a librarian, I often have to catalog documents from government agencies of one type or another. One observation I have had is the use of the ubiquitous "and". You'll notice this in public agencies, museums, schools, colleges, foundations, graduate school departments and the like. What this means is that the museum you used to go to as a kid, say, the Cincinnati Museum of Contemporary Art, is now the Cincinnati Museum of Contemporary Arts and Culture. The Department of English at your old alma mater is now the Department of English, Language, and Contemporary Linguistics.

The Scranton School of Dance is now the Scranton College of Dance and Contemporary Movement. The state department of labor in Nevada is now the Department of Employment, Training and Rehabilitation. The Katzenbach School for the Deaf is now the Katzenback School for the Deaf and Hearing Impaired. The Museum of Crafts is now the Museum of Crafts and Folklore. The Department of Geology is now the Department of Geology, Hydrology and Mineral Resources.

The reason for this, I'm guessing here, has something to do with money. A bequest is given in an area that is not the core of the organization but if they rename themselves, the thought is, they can get the grant. An area of study becomes fashionable and an organization renames itself to make it sound like they do the thing that is suddenly desirable.

Legislation in the nineties mandating that states do more job training is at the heart of the changes of departments of labor nationwide to names like the Department of Labor, Workforce Development and Cultural Resuscitation.

If I was a betting man, I would guess that with all the clawing for money from the Stimulus Act, we'll see lots more name changes this year. And the names will be getting longer, not shorter.

When things will turn around

All the prognosticators are in a dizzy. The economy is not behaving the way it's supposed to. However, most economists assume the market will eventually go up again. Unemployment will eventually go down, it will leave a few corpses, but it will go down.

Perhaps this is optimistic but one day things will start to get better. I'm going to make a prediction, based on the date of the trials of the Templar's. I predict the market will reach its trough on April Fools Day. After that it will start to go up. Same with housing. As one of my Texas relatives said once, “One thing they can’t make more of is land. So I’m going to get me some of it.”

This may seem unscientific but I have made my prediction and I'm sticking to it. We have nothing to lose but our jobs and our life savings.