So here we are, in the first full week of 09 and we already got a bad prediction. The Deutsche Bank predicts that by 2010(next year), our banks will have double the losses of what they had late last year. It might even pass the percent loss that we had during the Great Depression. Their KBW Bank Index fell by 3% during early Monday morning. You can read it here at Moneynews

I would say that this is a bad sign for 2009 and even 2010 which isn't even that near us yet. It could happen, after all last year other European banks predicted things that happened last year. Go to my archive, if you'd like to read those.

What is your opinions on this? Do you think it will happen? And do you think that this year will be worse than last in the economy?

Article Here

We keep hearing these warnings and yet nobody heeds them. What is wrong with are world?