Germany more capitalistic then we are? You can be on unemployment for life there.Inflation will continue to be very high (it already is, but the government calculating the number doesn't want to admit it because it would be devastating to an already troubled economy). The quantifiable result will be a rise in oil and food prices. I'll speculate that these will respectively increase by 35% and 20%.
US stocks will do fairly well this year, though this will primarily be a result of inflation. This will cause the DOW to go back up to 13,700.
Unskilled laborers in the US will continue to sit on their couches receiving unemployment since the minimum wage is set higher than their worth in the marketplace, even after accounting for transportation costs to/from developing nations. Quantitatively, unemployment will be ~14%.
The first large health insurer will go belly up late in the year as a result of the ridiculous stipulations of ObamaCare. More will follow like dominos, though this may not occur until well into 2012. The impending healthcare crisis will be the determining factor in the 2012 elections as we finally decide whether we are going to adopt a single-payer system (which we eventually will) or continue to fight it.
A brain drain will occur in which well-trained Americans will start moving to more capitalistic places (e.g. Germany and Singapore). I'm not sure how to quantify this one (since I don't think stats on such things are tracked), except to say that I might be one of them.
The UN will start to show signs of a backbone, passing resolutions implying the use of military force if Iran and North Korea keep screwing around. These resolutions will still lack the teeth to have any real effect, resulting in increasingly deep divisions in the world community: the lines for the next big war will be clearly drawn, but this war won't be fought in any traditionally recognizable manner. The US/EU/South Korea/India coalition will align against Russia/China/Iran in an ugly mess of girly fighting that won't be started in earnest until 2012.
Mexico will continue its descent into the seventh circle of hell. Africa will continue to circle the drain. South America will begin its rise to prevalence as its economies develop and populations continue to increase. The correlation between growing population and economic growth will finally become apparent. Many liberals will still reject the implicit causality because they're bad at math, all the while watching their favorite social programs continue to ruin countries with low birth rates.
Actual GDP is down over 7% govt deficit spending is 1.73 trillion or 11.64% of GDP giving illusion of being up with nominal GDP. And it's sure to blow just like Ireland and Greece who ran similar scams.A shorter list is to ask which industries are doing poorly. Companies are sitting on 1 trillion in cash since they have so much profit right now.
I don't think we'll hit 7.5% in 2011, but we certainly will be close to 8.5% by the end. On what industries? Manufacturing is up 17 months straight. Oil and commodoties are doing well. So are farms with record or near record prices. Airlines are now profitable. Autos are doing much, much better than in 2008. GDP has basically recovered to its pre-recession levels. About the only industry that really hasn't recovered is anything related to housing (building, banking, real estate, furnature, etc). Housing starts have been flat at a low level since Dec 2008. I don't see that recovering significantly in 2011, and it is about 20% of the economy, which is why I don't forsee 7.5% unemployment in 2011.
The rise of energy and food prices combined with the fact wages are still going down spells a disaster for a recovery.http://money.cnn.com/2011/01/03/news/economy/ism_manufacturing/index.htm Oil and commodoties are doing well.
So are farms with record or near record prices.
That's more realistic than most of the predictions here.Cubs win the World Series!!!
Things are changing there in the opposite direction they're changing here. Thankfully, they started much further to the left this time, so a shift to the right doesn't necessarily mean what it did in the 30's.Germany more capitalistic then we are? You can be on unemployment for life there.
That is the spirit !Several old celebrities will die
A new number 1 song will be released
The stock market will have a different value than it does today
Nobody will attempt to assassinate the president
Congress will manage to royally screw something up
Environmentalists will find some other new "Its the end of the world" hot button topic whose only solution is giving money to their organizations.
Nah republicans will vote to raise the limit and all the democrats will join in the largest circle jerk known to man. Because your second point is correct... spending will not be cut and the republicans want votes so they will not cut off all the people receiving government assistance.Republicans refuse to raise the debt ceiling (as they should).
Democrats refuse to cut spending.
Ceiling is reached.
Anarchists and Libertarians rejoice!
1) Republicans will get national support as they try to push threw bills that dems block .1) Republicans will be under fire, because after a year in Congress they haven't accomplished anything.
2) Obama will shift to the middle, trying his best to position himself for 2012 re-election.
3) Stock market will see modest rise (5%
4) There will be a full blown war between South and North Koreas.
5) New York Giants continue to disappoint Argo.
U3 7.7%DOW: 12200
American forces will remain in both Afghanistan and Iraq with no clear end in sight.
With no new regulations passed the finance industry will continue to siphon wealth out of the average american at record, pandemic levels.
The housing industry will remain sluggish, the average price of homes sold will fall.
Existing real estate will continue to lose value in major cities on average.
U3 Unemployment: 7.4%
U6 Unemployment: 12%
Well, you did pretty much spot on pick the DOW for Dec. 31, 2011. The rest was muddled.U3 7.7%
Admittedly I expected housing to drag harder on the economy than it did (as far as the DOW goes).