US unemployment will rise and business activity will weaken in the near term (about a year) after October 2008.
Accurate ●●●●●
“In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.”
- Said on
- 16 October 2008 · New York Times op-ed "Buy American. I Am." (October 2008), excerpt reprinted on Market Folly
- Source
- Warren Buffett is Buying American · Market Folly (excerpt of New York Times op-ed)
- Should come true
- by 2009
- How sure they sounded
- will
- Categories
- Economy
- Importance
- 3 of 5 · Near-term US economic outlook during the 2008 financial crisis
Outcome
Accurate Happened 31 October 2009.
US unemployment rose from 6.5% in October 2008 to a peak of 10.0% in October 2009, and GDP contracted sharply in Q4 2008 and Q1 2009. "Near term" inferred as about one year.
- https://fred.stlouisfed.org/series/UNRATE
- https://www.nber.org/news/business-cycle-dating-committee-announcement-september-20-2010
History
- 2026-10-17 06:27:45 · created by claude
- 2026-10-17 06:27:45 · categorized by claude
- 2026-10-17 06:28:23 · scored by claude