Predictions for December 31 2013

[Zippyjuan]

I almost get the impression that there are some who think that the only way things can really move is down (unless it is gold or silver)- that anything up is a mistake or a blip or manipulation. I prefer to be more optomistic and look at the down points as temporary setbacks. Things have always moved both up and down.

[carclinic]

My prediction is that unemployment will rise. The improvements we've seen are false and a result of electioneering and Xmas.

[Zippyjuan]

Looks like it may rise a bit this month as companies and people put off things waiting to see what happens with the "fiscal cliff" (which I am more and more believing is being over-sold like most potential crisies are). I expect them to more normalize by February (January may still have uncertainty).

[wgadget]

Looks like it may rise a bit this month as companies and people put off things waiting to see what happens with the "fiscal cliff" (which I am more and more believing is being over-sold like most potential crisies are). I expect them to more normalize by February (January may still have uncertainty).

Hate to tell you guys, but February is the Debt Ceiling Disaster...Part Two.

[Zippyjuan]

I am wondering if they are also looking at that and may try to get a further increase in the debt limit as a part of any "fiscal cliff" deal- since it was the last debt limit deal which led to the "cliff" thing in the first place. As a random figure, I might pick say $18 trillion for their target (definately NOT saying I want out debt to go that high!)? Doubt they would punch it to $20 trillion.

Amazing to consider that when GW Bush took office it was less than $5 trillion and 67% of GDP- now over 100%. Amazing what some tax cuts and a couple wars can do for you. Toss in a couple recessions. Boom!

[Jordan]

Even though your predictions are probably ridiculous, I must come to your defense on these points.

Guys, we're all supposed to be on the same side, and that side is supposed to be that of LIBERTY. Let the boy make his predictions and let you agree or disagree as you might, but let me add that civility should be one of our benchmarks of behavior. I will say nothing more about this.

OTOH, Jordan, you perhaps need to grow a little thicker hide. Neither of the statements you cited were "insults". Poking some sarcastic criticism in the direction of predictions that you made with nothing in the way of reasoning to back them up does not constitute insult. You opened yourself up to it, so man up and take the pain, if "pain" can even be said to apply in even the least measure.

We should not be at one another's throats. There are plenty of vicious adversaries "out there". What say we keep our focus.

Thanks. It's not about criticism. It's about the fact that the only thing JFK and cbc have nothing to add other than criticism, and are happy to downplay my contributions without having any of their own. One thing to criticize and suggest your own altnerative; it's another to just criticize and cower in fear of being wrong.

I was perfectly okay and could see your point of view on everything until you said this. You should have kept that one to yourself. Are you saying you're an insider who has all of the relevant information to predict the unemployment rate, new car sales, new house sales, and stocks as a whole but gold is something you "can't possibly predict?" Uh...color me skeptical.

No, what I'm saying is that I have much more confidence in my ability to predict what I posted in the original post than my ability to forecast what a market of buyers will be willing to pay for a single commodity that is mostly irrelevant to the economy at large on a single day one year in the future. BTW, where is your forecast?

And he needs to stop trolling. How many threads has he started in the last two weeks?

Just because I disagree with you doesn't make me a troll. Where is your forecast?

I also predict that if/when hyperinflation does happen, both the white house and Jordan will be telling us it's not happening

I've been 100% intellectually honest in everything I post here. The signs point to economic strength, an improving housing market, and a falling unemployment rate. If hyperinflation begins, I don't know why I'd lie about it. Where are your predictions?

Jordan does a fair bit of trading and his performance over the past few years has definitely exceeded the market by a considerable sum.

I'm not quite sure how someone's involvement on the forum precludes them from successfully investing. There's more than a few finance professionals in top tier firms who post on RPF.

Thanks - and yeah, RPF is actually home to quite a few financial professionals. Way more than you get from most forums non-finance related.

[bxm042]

Where are your predictions?

Collapse of the dollar by December 31 2015

[cubical]

I will shoot

The unemployment number will be 8%, though people will continue to drop out of the workforce in large numbers.

Stocks will break to new all time highs.

Gold breaks 2000.

Oil averages ~$100 per barrel.

$1 trillion+ budget deficit.

[oyarde]

I will shoot

The unemployment number will be 8%, though people will continue to drop out of the workforce in large numbers.

Stocks will break to new all time highs.

Gold breaks 2000.
Oil averages ~$100 per barrel.

$1 trillion+ budget deficit.

Well , lol , I wil certainly bet $2 worthless FRN's on the deficit @ 1 trillion...

[oyarde]

I think, that is the lock .