The worst has yet to come?

The article titled, "8 really, really scary predictions," attempts to show how things will get worse, much worse before they get better. Although the article is frightening with its statistics, it fortells a future that will probably not be far from the truth. Often to stimulate spending and raise consumer confidence, statistics of the economy are presented in a brighter manner to lower the likelihood of there being a self fufilling prophesy. The article predicts that we will likely see GDP fall further throughout 2009, and the recovery of 2010/2011 will be minimal ranging around "1-1.5%." Also that unemployment will rise another two percent, nearing 10%, something that has not been seen for decades. Home prices are predicted to fall another 15% before finally bottoming out in 2010. Finally, article highly recommends to stay away from risky investments in the stock and credit market and stick to secure low returns. This is definitely a grim article, but nevertheless portrays the near future more accurately that some may want to consider or face. It also does not say that wealth will be impossible to gain over the upcoming years, but rather it must be accumulated using different methods and strategy than before.