Comments on: Happy New Year! Now Tell Me What Will Happen in 2010

By: KC

KC — Mon, 04 Jan 2010 15:04:24 +0000

I saw a psychic on CNN the other day. And although I think psychics are crazy this one predicted oil rising to all-time highs. That’s bold, but it is going up – maybe $120/barrel by the end of summer and then back down a bit. There is still plenty of oil in this world, but it is getting increasingly harder (and more expensive) to drill for. They days of cheap gas are gone.

The psychic also said there will be water shortages. I agree with this, too. Water is something developing countries are increasingly demanding for so many things. I think seeds and water are things to invest in in the future (but I’m not sure about this year).

Yes the Fed will raise rates – albeit slowly.

I think the gold bubble will last for a while as oil rises and then it will pop. Gold is still just saved – it isn’t used. No commodity that isn’t used in mass amounts cannot remain valuable. I think it’ll bust in 2011.

Employment number will get better, but they’ll be historically high for years to come.

By: HervsSmartMoney

HervsSmartMoney — Mon, 04 Jan 2010 05:11:55 +0000

My prediction? You’re right, gold hits $900, and maybe lower.

Check out my blog at hervssmartmoney.blogspot.com

By: the weakonomist

the weakonomist — Sat, 02 Jan 2010 03:00:51 +0000

Okay, so I’ve heard the complaints and my predictions aren’t accurate enough. I’ll narrow them down, but the idea isn’t to be entertaining (for once). I really want to see what people think.

Escalating fears of inflation will have the Fed raising rates to at least 1%.
Gold will end the year below $1000, dipping as low as $800 during the year.
And I’ll add one more… OPEC will be disbanded because too many of the countries don’t actually do what they claim to do.

By: Tyler

Tyler — Fri, 01 Jan 2010 23:11:53 +0000

Weakonomist, while I agree with your predictions, I find them rather lacking spice. I predict that interest rates with be higher than the unemployment rate, and that England will win the World Cup, kicking its economy into a frenzy as the country rides a wave of optimism. Buy British stocks now before the rush!

By: Rob Bennett

Rob Bennett — Fri, 01 Jan 2010 22:52:21 +0000

I predict a stock crash as big or bigger than the last one sometime within the next three years. I don’t feel that it is possible to say whether it will take place in 2010 or not.

I predict a collapse of belief in the Buy-and-Hold Model of understanding how stock investing works following the next crash.

I predict great damage to public confidence in the U.S. political system as a consequence of the next crash.

I predict an economic surge following the collapse of belief in Buy-and-Hold as a national debate on how stock investing really works is launched and generates hundreds of exciting new insights (insights that have been sitting around waiting to be developed for close to 30 years now but which have been ignored because of the feeling that it is “rude” to point out the flaws in Buy-and-Hold).

I predict that we survive the crash and the consequent loss of public confidence in our political system. But just barely.

I predict that we see so much economic growth as a result of the economic surge brought on in the wake of the crash that we end up looking back at this economic crisis as the best thing that ever happened to us (while also feeling very sad for the millions whose lives or careers or financial plans were destroyed by it).

Rob
Rob Bennett´s last blog ..“Fixed Income Should Equal Age, BUT Adjusted Up or Down Depending on Valuations”

By: Financial Samurai

Financial Samurai — Fri, 01 Jan 2010 19:26:36 +0000

Ummm, “economic growth will continue, but be very slow” is like saying the world will still keep spinning! Put an average GDP growth figure on your prediction for 2010, and make it interesting like your “gold bubble popping” prediction!

Yes, the FED will raise rates in 2H10, and Timmy will still be in office for sure. If you have time, read “Too Big To Fail” by Andrew Soskin. Fascinating book.
Financial Samurai´s last blog ..Samurai Predictions And Resolutions For 2010

By: Emily

Emily — Fri, 01 Jan 2010 16:16:14 +0000

I agree with your first two predictions. I think the gold bubble popping will not be too dramatic, since I don’t foresee anything happening that will reinstate confidence in the dollar. I agree it is a bubble and it will pop. Economic growth will continue in the public sector, but will shrink in the private sector. This may be an overall growth, but not the kind we want. I agree on your last two predictions, too.
Emily´s last blog ..What about socialization?