Predictions, 2008
Posted: 21 Dec 2007, 21:01
Well, it's that time of year and someone on another forum had the bright idea of dragging up last year's predictions....so here's mine for me to laugh at in 12 months time.
- Credit crunch to go up several notches in the 1st quarter
- Some big brands to go bust or have serious problems (Woolies, Boots?). Lots of people and companies going bust
- Serious banking problems, probably more Northern Rocks will pop up. Barclays in trouble?
- More talk of sovereign wealth funds as they buy up 'our' crown jewels. The Sun will complain loudly
- House prices to fall 25%, 50% in some places. Financial panic everywhere.
- Gordon Brown to fall on his sword in the 2nd half of the year, possible nervous break down
- The first rumblings of social unrest as the government tries to increase taxes
- Pound to sink to $1.50 or 60, 1.20 euros, 170 yen. Gold to hit ?600 an ounce.
- Interest rates cut like mad but inflation to roar ahead with raises or talk of later in the year
- Mass reposessions, new laws left right and centre to try and keep people in their houses
- Growing blame aimed at immigrants...thankfully a lot may go home which might help cut down on unemployment
- Petrol to stay over ?1 although oil might fall into the $70 range as the US and Europe go into reverse
- Peak oil...might slip off the radar a bit as we worry about paying the bills and demand slows
- A bloke from Birmingham wins X Factor and Paris Hilton gets arrested for something
The worrying thing is I like to think of myself as a realist! Maybe I need to review that
Anyway, I think they call it 'creative destruction'. At least (non-dead-animal) farmers should have a good year...
Who's next?
- Credit crunch to go up several notches in the 1st quarter
- Some big brands to go bust or have serious problems (Woolies, Boots?). Lots of people and companies going bust
- Serious banking problems, probably more Northern Rocks will pop up. Barclays in trouble?
- More talk of sovereign wealth funds as they buy up 'our' crown jewels. The Sun will complain loudly
- House prices to fall 25%, 50% in some places. Financial panic everywhere.
- Gordon Brown to fall on his sword in the 2nd half of the year, possible nervous break down
- The first rumblings of social unrest as the government tries to increase taxes
- Pound to sink to $1.50 or 60, 1.20 euros, 170 yen. Gold to hit ?600 an ounce.
- Interest rates cut like mad but inflation to roar ahead with raises or talk of later in the year
- Mass reposessions, new laws left right and centre to try and keep people in their houses
- Growing blame aimed at immigrants...thankfully a lot may go home which might help cut down on unemployment
- Petrol to stay over ?1 although oil might fall into the $70 range as the US and Europe go into reverse
- Peak oil...might slip off the radar a bit as we worry about paying the bills and demand slows
- A bloke from Birmingham wins X Factor and Paris Hilton gets arrested for something
The worrying thing is I like to think of myself as a realist! Maybe I need to review that
Anyway, I think they call it 'creative destruction'. At least (non-dead-animal) farmers should have a good year...
Who's next?
