|
|
 RSS available
Fact: There is no immunity or protection against The Law of Scoreboards. Did you know: What the media does NOT want you to read is at https://market-ticker.org/nad. You are not signed on; if you are a visitor please register for a free account! |
|
| The Market Ticker Single Post Display (Show in context) |
|
| Top | Login | FAQ | Register | Clear Cookie |
| User Info | 2022: The Year In Review, And Burning Of Bridges; entered at 2022-12-28 09:28:42 | |||
|
Flappingeagle Posts: 5829 Registered: 2011-04-14 
|
An excellent review of your own predictions and a good set of new ones for 2023. While predictions an go wrong in a lot of ways, they usually can only go right one way, making your score for 2022 damn impressive! Congratulations. Now for a few comments on the 2023 predictions. Quote:The market is not done going down.I am going to predict that at some point in 2023, the markets (S&P 500) will be off at least 30% from today's price. This statement is more an observation of a trend than a prediction. Workers are tired of top management bullshit encouraging them to be good, productive, hard, loyal workers while top management loots the very company they work for. The younger workers are even harder on this than the tail-end of us boomers who will be retiring soon. A real way out prediction is that this "theme" will get some coverage in the media this year. You touch on this tangentially in a couple of your predictions. Social Security. There will be some debate this year on social security funding and its solvency. The fix will be that taxes are raised in some form so that benefits are not reduced. Any politician who discusses reducing benefits will see their popularity plummet at a minimum. Inflation. The FED now finds itself cross-purposes from congress. The FED is trying to get inflation under control and congress is trying to have a free lunch. Prediction #1: The FED keeps raising rates and withdrawing liquidity as it keeps fighting inflation. Prediction #2: A way out prediction. Congress and the FED have a public spat over inflation fighting versus spending like drunken sailors. Happy New Year; Flap 2022-12-28 09:28:42
| |||