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Last Show Recap

Economy & Election

In the first half, "V, the Guerrilla Economist," who has contributed to private think tanks that help create investment policy, covered the looming economic collapse in what is now the summer of chaos in the financial markets.

In the latter half, researcher of ancient mythology and paranormal phenomena, Tom Horn was joined by researcher and prophecy expert Cris Putnam, for updates on the Vatican & ETs, prophecy, and end times.

Upcoming Shows

Wed 06-29  Naturopathic Medicine/ Open Lines - On Air NOW Thu 06-30  Earth Sounds and Alien Structures Fri 07-01  TBA/ Open Lines

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Economy & Election

Show Archive
Date: Monday - November 3, 2008
Host: George Noory
Guests: Open Lines, Michael Shedlock

First hour guest, investment advisor Mish Shedlock offered commentary. He returned during the second hour, joining George in a night of pre-election Open Lines and discussion about the economy. We have entered into a global recession, said Shedlock-- nine out of ten countries are in a downturn. The latest news looks grim for the automotive industry, and he predicted that some 5,000 car dealerships will go bankrupt.

He suggested this downward cycle could go on for a decade, and that instead of retiring, Boomers will be forced to compete with their children and grandchildren for jobs. Unemployment will rise to 10% in the next two years, and the stock market will most likely not bounce back and could fall another 30%, he said. The economy won't flow naturally due to excessive government interventions such as the bailout, he added.

Shedlock does see some hope. Though he is writing in Ron Paul on his ballot, he believes Obama could bring in some needed changes. And, because of the financial turmoil, consumers will learn to have a healthier attitude about debt rather than living beyond their means. Throughout the evening, callers shared their views about the election, candidates, and economy.

Bumper Music

Bumper music from Monday November 03, 2008

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