Friday, January 2, 2009

Optimistic Predictions of 2009!


Photo by Antonio Goya on Flickr.

I am for sure no "Negative Nancy"...therefore if I come across a positive outlook on the economy, I often tend to share it with my loyal readers to brighten up their day. I found the quote below on the Brownstoner that was taken from an article setting forth nine predictions of 2009. Stay focused on the optimistic predictions! Do you think Mark Sunshine is being overly confident or not?

Prediction: In January, the banks will realize that they cannot avoid lending forever. The Federal Reserve will financially punish any bank that refuses to lend by manipulating interest rates so that banks that hoard cash lose money. From the industry ashes a banking prophet will emerge who will preach the gospel of positive net interest spread through responsible lending.

— Mark Sunshine of First Capital


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2 comments:

Anonymous January 2, 2009 at 9:50 PM  

While I appreciate the "shout out", my prediction will make a whole lot more sense if read in the context of another article that I wrote about Fed Policy and money supply. The link is http://www.firstcapital.com/blogs/mark_sunshine/?p=220.

Thanks.

Mark Sunshine

SIREN January 2, 2009 at 10:03 PM  

I genuinely enjoyed your predictions and I just read the other article you wrote. This definitely confirms your prediction and I tend to blog about the article at a later date. Thanks again for stopping by and giving me your feedback. Hope you enjoy my blog.