PsychicCosmos Psychics and NABE - both predicted 09 economic woes

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) June 21, 2009 -- Psychics Kit Karson and Kay Rivers are right about their 2008 predictions that the economy for 2009 “will continue downhill”. The economy as we see now is bleak: jobs lost, home lost, less consumer demand, and faltering banks.

Psychic reading experts Kit Karson and Kay Rivers foresaw that as the year glides towards the second half of 09, more thousands of jobs will be lost. And this will go on through 2009 and 2010. Loss and lack of employment is already prevalent in the US, Canada, Europe and Asian countries.

Their psychic reading predictions complements a 2009 survey done by the National Association of Business Associates that “continued job cuts are likely with 23% of respondents saying their firms or industries were cutting jobs, while 16% reported they were hiring.” As seen in CNN.money.com, November 3, 2008, http://money.cnn.com/2008/11/03/news/economy/nabe_survey/index.htm

The psychics also predicted in 08 that consumer demand would be on the decline. With the loss of employment among many, finances are not that rosy.

Rivers said the rise of inflation will cost people more for the things they consume. Basic commodities as groceries, gasoline and clothing, will be on the rise, while novelty items face lesser demand.

The psychics’ predictions complements the NABA 2009 survey that 35% reported a falling demand for products while just 30% said demand was rising. More people are bound to save rather than spend.

The housing situation is just as bad. The world’s economic scenario already tells of thousands having lost their homes in this present state of international recession. Rivers said there will be ‘millions more people losing their homes over the next two years’. Billions of dollars shall be written off by major lenders while mortgage companies will lie low.

The psychics’ forecast complements economic analyst’s views saying that the economy of the United Kingdom is seen to shrink in 2009. Asia faces a bleak 2009 considering its reliance on capital flows. Economic analysts see the Gulf Cooperation Council (GCC) countries a significant dip in their surplus positions in 2009. Demand for Middle East and North Africa’s resource and non-resource exports will lessen considering the economic slump.

Kit Karson is a phone psychic that does psychic readings for http://www.psychiccosmos.com

Read more about Karson's and River's predictions in http://www.psychiccosmos.com/2009_Predictions.asp and related NABA survey in http://money.cnn.com/2008/11/03/news/economy/nabe_survey/index.htm