Monday, January 03, 2011

Predictions for 2011

OK, well, 30% wasn't too bad, so I think I should push my luck...

  1. Inflation will remain high, forcing an increase in the BoE base rate by the summer
  2. Property prices will continue their recent slide, exacerbated by the interest rate rise, and will finish down about 10% on the year
  3. F1 won't be won by a German this year - I'm going to say McLaren for the double. Probably Hamilton, but it depends how well the new tyres suit Button.
  4. Audi will win 24 Hours of Le Mans again, despite a close fight with Peugeot, and Drayson Racing will be classified finishers.
  5. Sterling will rise slightly against the Dollar - $1.60 - and fall slightly against the Yen - 115. I'm going to predict a rise against the Euro, though not sure how much maybe 1.20-1.30?
  6. Oil prices will fluctuate, but petrol prices will ignore this and rise to £1.50/litre for no adequately explained reason.
  7. Gold will trade above $1600/oz, but most of the volatility will be in silver and/or platinum.
  8. GDP growth will remain anaemic, maybe 1-2% over the entire year. The FTSE will remain above 5000 as a result.
  9. There will not be a General Election in 2011. The coalition may not hold for the entire year, but I think it will last long enough.
  10. There will not be a significant Islamist terrorist attack in the UK, the US, or on a transatlantic flight. Let's define "significant" as "kills one or more people", none of this "has the Houses of Parliament on a list of targets" nonsense.

- Mystic KoW

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