Can 2010 be better than 2009?

On Bloomberg TV 12/17/09 Binaco of Merrill Lynch Bank of America chief strategist says S and P well undervalued US economy S and P to increase 15% in 2010 from the peak of the bubble, he says strong rebound in US and Global economy with rallying stock markets but interest rates not to rise at all in 2010 and to stay near to zero well into 2011

On Merrill Lynches own wealth management website, the top strategist for Merrill Lynch Bank of America, Bianco gives extremely bullish outlook on equities, stock markets and global economy:
http://www.totalmerrill.com/TotalMerrill/pages/ResearchAndInsight.aspx

BBC article shows several European countries at risk of debt defaults, with Greece at extremely high risk according to debt as a proportion of GDP, with Italy also at an extremely high risk and UK, Germany, Spain and Ireland also at high risk for debt defaults as early as 2010.
http://news.bbc.co.uk/1/hi/world/europe/8413391.stm

UK savers suffer dismal year, close to zero interest on savings:
http://news.bbc.co.uk/1/hi/business/8418042.stm

Bernanke second term close to a done deal:
http://news.bbc.co.uk/1/hi/business/8419202.stm

Ireland announces it was better than expected officially technically marginally out of recession by 0.3% based on figures from Q3 from Q2 2009 based on previous quarter:
http://news.bbc.co.uk/1/hi/business/8417611.stm

However, although at one point one of the fastest growing advanced economies in the world, with only countries like Iceland surpassing it Ireland’s 0.3% growth for Q3 over Q2 was a decline of 7.4% from a year earlier:
http://www.telegraph.co.uk/finance/economics/6832950/Ireland-technically-out-of-recession.html

Abu Dhabi states Dhabi bailout is not a bailout but an extension on its loan:
http://news.bbc.co.uk/1/hi/business/8418013.stm

S and P and Moody’s downgrade debt on Greece and say sovereign debt default possible:
http://news.bbc.co.uk/1/hi/business/8417270.stm

Greek protests against cuts:
http://news.bbc.co.uk/1/hi/world/europe/8417925.stm

General strike in Greece as even doctors and journalists join the strike as austery measures are introduced:
http://www.focus-fen.net/index.php?id=n203687

Airline strikes around the world, including UK, Hawaii in America:
http://www.easytravelreport.com/

Britain and other countries with fast-rising government debts must steel themselves for a year in which “social and political cohesiveness” is tested, Moody’s warned.
http://www.telegraph.co.uk/finance/economics/6819470/Moodys-warns-of-social-unrest-as-sovereign-debt-spirals.html

UK High court bans British Airways planned strike:
http://news.bbc.co.uk/1/hi/business/8418805.stm

Largest airline in Scotland bankruptcy leaves 4500 stranded passengers:
http://news.bbc.co.uk/1/hi/scotland/8417543.stm

Flyglobespan airlines and travel company goes bankrupt 12/16/09:
http://news.bbc.co.uk/1/hi/scotland/8419171.stm

UK’s largest sports retailer, gymnasium and sports centre company shows massive decline in business with decline of 29% in Q4 2009 current quarter:
http://news.bbc.co.uk/1/hi/business/8417600.stm

U.S. unemployment is likely to remain high for years to come, as much as 7 or 8 percent even into 2014. “The average American will not be better off in five years—unemployment will remain high and wage growth will continue to be flat,” says George Soros, who forecast an “age of wealth destruction” four months before the crisis hit.
http://www.newsweek.com/id/226426?GT1=43002

UK retail sales, as top analysts predicted a strong rebound in sales in November, actual real figures show surprise decline in Q4 2009, November from October:
http://news.bbc.co.uk/1/hi/business/8417860.stm

Shock fall in UK high street sales during fourth quarter and lead up holiday sales period:
http://www.managementtoday.co.uk/channel/StrategyOperations/news/974532/shock-fall-high-street-sales-jjbs-woes-continue/

As the recession takes a toll on American families, economic and emotional pressures are behind a surge in teenage runaways. More than 1.5 million teenagers run away or are kicked out of their homes every year. They flee one set of problems and find others. “We need jobs, we need ways to earn money. We need to have a house or an apartment or a place to call home.”.
http://www.cbsnews.com/stories/2009/12/15/eveningnews/main5983841.shtml?tag=cbsContent;cbsCarousel
- LearnFromMistakes

Related Posts:

• After Dubai and Greek, UK, Germany, Spain and Ireland also at high risk for debt defaults as early as 2010.
• The beginning of the Second Great Depression:
• Long awaited correction in progress… Better now than later.
• US “The GDP figures showed that spending on non-durable goods, which are smaller purchases such as food and paper, dropped at its sharpest rate since 1950.”
• Iceland has a president with a spine? Not bowing and becoming subservient to the IMF?! WAY TO GO!!!

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