Questioninggeller
Illuminator
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- May 11, 2002
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On December 31, 2007 Sylvia Browne said:
Transcript of this segment:
The housing market did not get better, but the subprime mortgage crisis has caused an on-going housing/mortage crisis.
As for "predicting" more hybrids, that doesn't seem like a prediction since the rising cost of gas makes it necessary. Likewise, "lower" interest rates is very vague. Expect it to happen over the course of a year.
Transcript of this segment:
DATE: December 31, 2007 Monday
SHOW: THE MONTEL WILLIAMS SHOW 12:00 AM EST
TITLE: 2008 PREDICTIONS WITH SYLVIA BROWNE
ANCHORS: MONTEL WILLIAMS
LENGTH: 9577 words
...
MONTEL WILLIAMS (HOST): How many people would say that this was the worst year they've had in a long time, financially? Raise your hand. Take a look at that. Wait. But look at the audience. Everybody look around for a second, 'cause you're not alone. We all had some issues last year. Right? So Sylvia, what's going on? The credit card interest rates, the house rates, (makes noise) rates, everybody.
SYLVIA BROWNE: You know, I put these out in October, and before I put them out, some of the things have happened, like lowering interest rates. And I said the banks were gonna come in and give people help on foreclosures, and they are.
WILLIAMS: So is the housing market gonna now get stronger?
BROWNE: Yeah. It will.
WILLIAMS: All right.
BROWNE: It certainly will. And the problem is, is some of these moguls will come in and buy up all the, you know, the foreclosures, and they'll get richer.
WILLIAMS: Okay. Now, how about the job market, because the job market is in a slump.
BROWNE: The job market's awful. But it gets better. Ford, which is good for Michigan, 'cause you know, Michigan went flat like Silicon Valley did, is because they're gonna start these new hybrids. So that's gonna bring up the, you know, the automotive industry.
WILLIAMS: How about this? How about, ooh, the stock market? Come on with it. Is it gonna be good, bad, what?
BROWNE: Oh, please. It's just--it's like a roller coaster. I think that if you're gonna deal in stock, I would look at medical stock, but I wouldn't do anything unless you research it, because it's just in a terrible mess. I mean, up one day, down the next. Up, down. Up, down. You can lose, gain. I mean, you'd be better off rolling the dice.
WILLIAMS: That--the lady that asked about that, don't do that.
BROWNE: Don't do that.
LAUGHTER
WILLIAMS: She was talking about other people, not you and your husband.
BROWNE: That's right.
WILLIAMS: Well, now how about the auto industry? Because now, you know, that really is one of those benchmarks and a lot of people look at it...
BROWNE: Yes, houses and cars.
WILLIAMS: Houses and cars. If cars are not doing well, then the economy is not doing well. And like housing, and the car market hasn't been doing that great.
BROWNE: No. And that's why I think we're going to go green. We're gonna go hybrid. And I think...
WILLIAMS: This coming year?
BROWNE: Yeah.
WILLIAMS: More hybrid cars?
BROWNE: Yeah, more hybrid.
WILLIAMS: All right. Okay. Yes, ma'am, you had a question for Sylvia. Go right ahead.
...
The housing market did not get better, but the subprime mortgage crisis has caused an on-going housing/mortage crisis.
As for "predicting" more hybrids, that doesn't seem like a prediction since the rising cost of gas makes it necessary. Likewise, "lower" interest rates is very vague. Expect it to happen over the course of a year.
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