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2008 Predictions


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2007 Dec 22, 11:14pm   27,313 views  125 comments

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Predictions on what 2008 will bring?

Here are my guesses...
- cascading counterparty defaults
- credit-deflation despite inflationary monetary policy
- recession is out in the open, MSM turns sour
- YOY drop in the fortress

There are also a few way-out-there possibilities that I would not be surprised by...
- banks forced to mark-to-market, some banks choke on being force-fed their own toxic waste
- BoJapan eases rates again in co-ordinated CB move, re-igniting carry trade
- HARM likes the Bay Area and decides to settle down here... :-)

SP

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119   justme   2007 Dec 27, 1:39am  

Mhrist,

You won't get a 1-2% party holding the country hostage if there is a 5% cutoff limit. This is the
"5% clause" of the German constitution. It is there to prevent extremists (like the Nazis) to get disproportionate power. This is how that is taken care of. I don't mind that parties with

120   anonymous   2007 Dec 27, 1:58am  

Let's vote Mhrist for Boomer Of The Year

Winner gets to have his ass whomped by Surfer-X

121   DinOR   2007 Dec 27, 2:22am  

"Many great and radical people did go to jail"

(So did a lot of unremarkable dirtbags) In fact, my guess is that there is nothing "great" in the future of about 99.9% of the prison population. (Unless of course you consider just managing to stay OUT of prison an accomplishment in and of it self?)

122   justme   2007 Dec 27, 5:55am  

(continued) ... with less than 5% of the vote get no representation.

Mhrist,

Sure, the green party might never get that big. Instead what will happen is that the existing parties will split into smaller parties with purer ideologies. For example, democrats will split into Labor + Progressive parties, and the republicans will split into TrueConservatives + CorporateFascists+ReligiousNuts. It would make for an interesting mix.

123   PermaRenter   2007 Dec 27, 6:20am  

>> Lay-offs will begin in earnest. Unemployment will be a topic on the news.

Bring it on!

124   EastCoastBubbleBoy   2007 Dec 27, 11:04am  

2008 will be historic.

Here in the US, there will be a cultural revolution, on par with the 60's in the terms of lasting imprint and historic magnitude. There will be a substantial shift in the American mentality, as the historically apathetic post-boomer Generation attempts to grab the reins and steer the country in a new direction.

That said, the Republican ticket (whomever it is) will win the election.

Globally, WWIII (which has been going on for some time now) will finally be recognized by the MSM.

Housing prices will decline less than expected, partially due to rising rents making housing look more attractive than it really is, prompting the NAR to say that "things are turning around".

125   echidna   2007 Dec 28, 10:15am  

"Russia’s 21st century prospects are looking pretty good."

Dude, Russia is in the same deep shite, if not deeper: http://exile.ru/print.php?ARTICLE_ID=8510&IBLOCK_ID=35

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