Every pundit puts out an annual list of what to look for in the upcoming year. Most do so in either late December or very early January. It's now this pundit's turn to give his "Take".
In no particular order of importance, I expect to see the following:
1. The economy, currently in "recovery" mode, will start to sputter by no later than the middle of the second quarter, and will cascade lower into the end of the year (http://markostake.blogspot.com/2009/12/recovery-recession-or-depression.html).
2. Residential home prices wll RISE through 2010 (http://markostake.blogspot.com/2010/01/bottom-in-real-estate.html).
3. Commercial real estate collapses, led by closures of strip malls and the failure of small businesses (http://markostake.blogspot.com/2009/11/small-business-failures-leading.html).
4. Stocks RISE in 2011 (http://markostake.blogspot.com/2010/01/why-does-stock-market-act-like.html).
5. Republicans take the House and the Senate.
6. Interest rates will remain low throughout the year (http://markostake.blogspot.com/2010/01/have-any-interest-in-future-direction.html).
7. Some version of a "Windfall Profits Tax" gets enacted on oil companies.
8. Obamacare does NOT pass in anything close to its current form, unless via executive mandate (http://markostake.blogspot.com/2009/12/obamacare-part-1-whos-fer-it-whos-agin.html), (http://markostake.blogspot.com/2009/12/obamacare-part-2-when-us-gets-involved.html),
(http://markostake.blogspot.com/2009/12/obamacare-part-3-economic-reality.html).
9. Shortages of necessities such as food, water, gasoline and other staples will lead to unprecedented civil disobedience and riots.
10. Gold will reach something in the order of $5,000 and Silver $250 per ounce by the end of the year or early 2011.
11. I will make an 11th prediction: The U.S. Dollar will be virtually, if not entirely relegated to second-tier status.
As you can tell from the 11th prediction, at least one of my forecasts came true. I did indeed make an 11th prediction!
You didn't think I'd take a chance on going 0 for 10 did you?
Thanks for reading! If you have some predictions of your own or think I missed mentioning one, you know what to do: TAKE ME ON!
Marko's Take
Let me get this straight...the economy will tank and there will be riots over gasoline and food shortages, but residential home prices will rally??? Also, who will bid up gold to $5000/oz? In your scenario there will be 20% unemployment and the hottest commodity will be ammuntion. LOL.
ReplyDeleteRich:
ReplyDeleteYour interpretation of my predictions is entirely correct. Now, all we have to do is wait. So next year, next time we'll know.
BTW, that was pretty funny!
But next year won't be!
Marko
of course real estate prices will go up, how do I know this, because we probably sold our house at the bottom
ReplyDeleteRich - since there'll be shortages of food and gas, but there will be plenty of booze, so people with nothing to eat and nowhere to go, will drink and then bid up the gold, and with the profits they'll buy big houses! See?? It's simple.....
ReplyDeleteElise:
ReplyDeleteThe coming hyper-inflation!
Marko
Rich:
ReplyDeleteListen to BDAR....she knows what she's talking about!
You see the movie Zombieland? First rule, "Cardio?" Uh huh.
ReplyDeleteRural real estate or farm land will rise, inner or big city stuff will collapse.
ReplyDeleteMoi:
ReplyDeleteCardio is right, I'm running for my life!
Anon: would perhaps be referring to "Green Acres"?
I do think farmland will perform best, but hyper-inflation will still rescue real estate.....