Predicting the future
[July 2004]
Over the last few months I have analyzed the US economy and I have come to a few conclusions.. The so called 'economic recovery' is very likely at peak. From now on, things will go downhill. There are numerous reasons for this. To name a few: Disappointing job-growth, high inflation, less consumer spending and increasing energy-prices because of tight oil-supply and attacks on pipelines.
I will now make the following bold predictions..
By the end of 2004:
...crude oil has broken new records at $50 or higher a barrel
...the Dow Jones has taken a nose-dive to 9000 levels or lower
...the Nasdaq will be back at 1500 or lower
...the 'Recovering economy' will be back into recession
...gold will trade at levels above $425 / ounce
...the Real Estate-bubble will have popped
...Osama Bin Laden will have been captured (just before the election)
...the Elections will have been postponed because of a 'terror threat'
...there's a chance on a natural gas/heating crisis the coming winter
Ironically, I hope I'm wrong
Al |
