Monday, December 7, 2009

Predictions 2010: Markets & Economy

Oliver Quillia for CNBC.com
Everyone else is throwing darts at the future, but can you honestly think of even a half dozen prognosticators that have been totally right in the last two years? Maybe the gloom and doom crowd were scoring big early on, but many of them missed the stock market rally.

So here goes 2010:
1. Economy.
Economists say unemployment should peak in the first part of the year, somewhere just shy of 11 percent. What I hope is that the hiring is not just from short-lived stimulus spending, and that companies actually see the benefit of adding to their payrolls as soon as Q1.

2. Trouble ahead.
We all know there are more catalysts for crisis out there, whether its commercial real estate or some country debt. I hope the Fed has it right, and it is keeping rates low to heal the system, not just firing up another recipe for future disasters.

3. Double Dip.
It's possible there could be a double dip recession, sooner or later, so let's hope
that's wrong. The frailty of the recovery depends so much on confidence. Businesses have to realize there may be opportunities now if they open their check books. They can go along way to help consumers come out of their shells......etc

http://www.cnbc.com/id/34124419

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