Bailout a Done Deal, So What Happens Now?

interesting predictions; author's heart is in the right place but his history is a bit dubious.  Perhaps he's been "saved" and ready to be rejoined with the land of the living:

by Henry Blodget

* The government announces a new New Deal, finally investing in the country's infrastructure, in the hopes that this will stimulate the economy (which it will). Investments include broadband, green tech, wireless, physical infrastructure, et al.

* Eventually, asset prices will bottom: Housing down 40% in real terms, the stock market down at least 50%. With luck, this will happen by early 2010, so the recovery can begin. Warren Buffett loads the boat with stocks, but by that time, most people are too depressed (and poor) to follow him.

read more:  http://www.huffingtonpost.com/henry-blodget/bailout-a-done-deal-so-wh_b_130820.html