Predictions for 2010

Here are my predictions for 2010.

  • Stocks will go higher.
  • Stocks will go lower.
  • Employement will get worse.
  • Employment will get better.
  • There will be at least one more crisis – probably three.

  • Another economic bubble will start, but won’t get noticed by most of the talking heads.
  • Politicians will continue to whine.
  • Financial institutions will become more alarmed about the “backlash” against them for the credit/housing meltdown.
  • People with a clue will continue to pay down debt, though the overall percentage will be lower in the first half of the year – mainly because so many people have lost their employment.
  • The Fed will keep interest rates ridiculously depressed in an effort to keep the economy from foundering.
  • People *may* begin to realize that the mega-financial institutions are a major part of the problem, never part of the solution. This will lead to talk of breaking them up… and increase the financial institutions’ panic.
  • Politicians will leap on the blame wagon and blow it out of proportion.
  • The individuals truly responsible for the economic disaster will escape with the vast majority of their wealth intact.
  • Many of the above individuals will quietly return to positions of authority once the blame-focus has shifted elsewhere, and start repeating their stupidities. This will take place over the next 5 years.
  • The seeds of new, destructive financial activities will be planted. Other seeds will begin to sprout.
  • The seeds of new, disruptive technology will be planted. Other seeds will begin to sprout.
  • More scams will come to light.
  • People will refuse to take responsibility for their actions.
  • Some of the predictions in this list will turn out to be completely bogus.
  • Some things will stay the same.
  • Some things will change.
  • Some people will succeed.
  • Some people will fail.
  • Pookah will steal at least one slice of bread, laden with savory peanut butter. already happened… om nom nom nom…
  • There will be lots of opportunities available, if we have the wisdom to recognize them and the strength to sieze them.

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