With George Noory
Live Nightly 1am - 5am EST / 10pm - 2am PST
Economic Forecast - Shows

Coast Insider

Listen with Windows Player
High  Low
NOTE: We'll discontinue our Windows Media Audio in August 2015. Subscribers will still be able to listen to the show through our Coast Player in the link above.
Not a member? Become a Coast Insider and listen to the show 24/7
Advertisement

Coast Insider

Listen with Windows Player
High  Low
NOTE: We'll discontinue our Windows Media Audio in August 2015. Subscribers will still be able to listen to the show through our Coast Player in the link above.
Not a member? Become a Coast Insider and listen to the show 24/7
Advertisement

Last Show Recap

Economic Forecast

In the first half, Craig Nehring, the founder of the Fox Valley Ghost Hunters based in Oshkosh Wisconsin, and Kevin Melek & Jennifer Scelsi, founders of the Northern Wisconsin Paranormal Society, discussed many paranormal manifestations happening in Wisconsin including Dogman, Bigfoot, ghosts, and Shadow People. They also covered the restoration project of the haunted Summerwind mansion. Open Lines followed in the latter half.

Upcoming Shows

Sun 05-31  Paranormal Offerings/ Strange Accounts Mon 06-01  TBA
Tue 06-02  Generational Cycles/ CIA & Polygraphs Wed 06-03  Government Surveillance/ C2D1 Haunting Thu 06-04  Secret Door: Birthday Edition
Fri 06-05  Entity Attack/ Open Lines

CoastZone

Sign up for our free CoastZone e-newsletter to receive exclusive daily articles.

Economic Forecast

Show Archive
Date: Wednesday - November 8, 2006
Host: George Noory
Guests: Michael Shedlock

Financial pundit 'Mish' Shedlock shared his economic forecast. He sees America heading into a recession by 2008, brought about by a housing bubble collapse. Jobs associated with the rising housing market have supported the economy, but as housing values go down and fewer new homes are built-- a rise in bankruptcies and unemployment will occur nationwide, he outlined.

Further, he warned that corporations will start outsourcing white collar jobs (such as in advertising and accounting) to India, leading to more unemployment. Shedlock recommended jobs in the health care field, such as nursing, which are in heavy demand and can't be outsourced. He also advocated that people live within their means, and have a savings account to cover one year's worth of expenses.

He offered a number of fixes for the American economy:

  • Cut military budget. Pull the troops out of Iraq & Europe and have them involved in security in the U.S. such as at ports. These troops would then be spending money in America.
  • Encourage free trade, eliminate subsidies on crops.
  • Kill GSE programs such as Fannie Mae and Freddie Mac.
  • Change the tax code to a combination of flat & use tax.
  • Rework Medicare/Medicaid.
  • Gradually raise the reserve requirement of banks.

Bumper Music

Bumper music from Wednesday November 08, 2006

Advertisement