Some New Year's Predictions

So, it is 2010 and the new year has officially begun as it always does with the Big 10 losing a bowl game (stupid Northwestern kicker can't make a field goal to save his life). People everywhere have started predicting what will happen this year with just about every aspect of life, so I have decided to bring in the New Year with some predictions of my own based on either my own feelings or what I've read. Without furthur ado, here they are:

Economic Predictions

- Unemployment will drop very slowly and end up around 8-8.5% (I'm leaning closer to 8%)
- Inflation will begin to creep in during July but it will be very small, most likely somewhere between 0.5-1%.
- The Fed will increase interest rates at the end of June or early July (I'm not sure how much).
- The housing market will not change much, but the little change it has will be for the better (I'm pretty sure the housing market has hit the bottom)
- The dollar will continue to decrease in value until the Fed raises interest rates. At this point it will increase a little bit before continuing to decrease.
- Gold and oil prices will continue to rise.


Political Predictions

- Republicans will win 3-5 senate seats
- Health Care reform will pass and insurance companies will party in the streets.
- No actual help to the middle class in terms of job creation or tax cuts will come because of douche-bag conservatives.
- Sarah Palin will continue to get more coverage than is necessary for any ex-governor/former vice presidential candidate.
- Joe Lieberman, Glenn Beck, Rush Limbaugh, and Sean Hannity will continue to tax my sanity.


Sports Predictions

- The Chargers will beat the Eagles in Super Bowl XIVL, 27-23.
- Either the Yankees or Mariners will win the World Series (The Cubs will be irrelevant).
- Jay Cutler and the Bears will have a better season and will finish second in the NFC North in the 2010/2011 season, but still fail to make the playoffs.
- Brett Favre will do his usual dance before deciding to play one more year with the Vikings. That year will turn out like his year with the Jets.
- I will continue to not care about the following: Basketball, Hockey, Golf, and any form of car racing.



There you have it. My predictions for 2010. Remember to sell your long term treasury bonds in June before interest rates go up! Happy New Year everybody!



-The Economist.