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Some Simple Guesses...


Before creating this site, I had searched for a site that I had used that allowed individuals to predict the likelihood of numerous events, and would provide a 'wisdom of crowds' calculations. When I first signed up, and put in predictions on the likelihood for (1) proof of God and (2) the US attacking Korea, both of which I place at .02 and .10, respectively. No great feat to get these correct though although the Korean estimate might change if Kim-Jong Il falls; I've read that the US and China are making plans to rush in and take over.

A pressing concern for myself and the much of the US population is the likelihood of a recession. With so much negativity in the business world, subprime fiascos, potential monoline failures, the war in Iraq, increasing consumer defaults/bankruptcies, and a reduction in consumer spending portends a recession. I don't know whether there is much of an upside, other than increased exports because of the weak US dollar. I'd give the likelihood of a recession .60 with a general belief that it started in this quarter, 2008 Q1.
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