Financial predictions, anyone?

T

thomsk

Registered User
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Just for the craic, does anyone want to stick their neck out - and try and make some economic predictions: in ireland, europe, worldwide or otherwise.
Eg 1) Del Trotter - " this time next year, we'll be millionaires "
Eg 2) ECB will fall by 25 pts by year end.
etc, etc..
As a rule of thumb, it has to be something that is not yet known. I think it would be interesting to see who guesses spot-on, who is near, and who is well off the mark !
I'm gonna go with the price of gold hitting $920-930 on Jan 30th/31st.:)
 
Got a couple of racing certs:

1) Petrol will hit 135c per litre (in Donegal its currently sitting at 125/127c)

2) We will get another rise in our ESB bills

3) Cost to empty your bins will rise by at least 10% (currently €11)

4) We will hear a lot of talk about water tax for households
 
ECB will cut rates by at least 50bp by the end of the year

Unemployment in Ireland to shoot up with the strong possibility of at least one big multinational saying adios

AIB to be taken over

Oil will fall to about $70 on the back of lower demand but airlines fuel surcharges will remain in place.

We will still be talking about falling house prices at the end of 2008

The National Development Plan will be put on "hold" at the next budget to cover increased pay for politicans

US rates will fall to about 1.5% if not lower and even this won't stop it entering a full blown recession.

The UK will be next followed by the Eurozone
 
The UK housing market will collapse and sterling will be hit hard. UK will be forced to consider entering the Euro, but will procrastinate for c.5 years before saying yes to the Euro. In the meantime, Sterling will have collapsed to c. 1 pound to 1 euro and the British will regret not having entered the Euro at the mid 2007 exchange rate of c.68p to 1 euro.
 
Purple said:
It's all going to go pear shaped.

The world will be in a state of chassis
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The likes of Fintan O'Toole, George Lee, Jim Power etc. will have a field day telling us how bad things are and how it's all down to greed, selling our soul, blah, blah, blah.... :rolleyes:
 
Remember....

The forecaster is a gentle man
With neither sword nor pistol
He walks along most daintily
because his balls are crystal.
 
ClubMan said:
The likes of Fintan O'Toole, George Lee, Jim Power etc. will have a field day telling us how bad things are and how it's all down to greed, selling our soul, blah, blah, blah.... :rolleyes:
Click to expand...


It's all down to capitalism. That’s the one size fits all problem with society for those jokers. Drugs? Child abuse? Crime? Psychiatric problems? Global warming? Constipation? It’s all down to the evils of capitalism. If only the masses were as clever as the pseudo-socialist moral elite we would all be living in a utopia.
Hay, maybe we will emerge into a socialist utopia at the end of this ... it might be worth it if it shuts Mr. O'Toole up.
 
Ceist Beag said:
It won't matter anyway, the world will end on June 27th at 3:12 pm .... or thereabouts! :p
Click to expand...
is that gmt?

my guesses
ecb rate 3.25
irish stock exchange around 7200
petrol $90 a barrel or €1.20 at pumps
govt to trouser pay increase
no significant decrease in price of cars in july
hot summer
no Irish golds in Bejing

man u to win premier :eek:

Christmas to fall on 25th December

at least one of those is correct
 
By Dec '08 :-

* House Prices : Ireland- stabilised, UK- still falling ( Uk sub-prime problems in news ), Bulgaria - Down 10%, Baltics -down 15%, Poland -stable, USA - down 20%

* ECB Rate : 4.5%, Fed : 2.75%

* Oil $85 barrel

* Major Irish bank take-over

* China's bubble burst

* Gold : $1000 ounce

* Japan maket stable

* Surely a hot summer...(in India !)
 
Sunny said:
US Recession=lower demand

Why do you think oil has been falling over the past few days?
Click to expand...

since inexpert predictions are invited, I would think lower us demand = lower oil prices = better for the economies in japan, china and india and for infrastructural development in the latter 2


I think like our own government always sneakily does, the republicans in the USA will try to hold it together and artifically prop things up perhaps via interest rate cuts etc when going into an election year and it will be the new administration which will have to make the cut backs post election.
 
* Democrats win US Pres election
* Bertie resigns
* Summer/autumn/winter of discontent as public sector unions strike for more pay to 'compensate' for no benchmarking increases.
* Long hot summer in Ireland, lasting from early May to mid-May.
* Irish national soccer team manager appointed before 2009
* ESB, gas, mortgage rates all up. Although mortgage rates to fall before summer first.
* Brian Cowen (Taoiseach) tells us to stop talking down the economy.
* New tribunal set up to find Berties tax clearance cert - expected to last 5 years, and cost 1 billion euro.
* Ireland rejects Lisbon Treaty - EU invades Ireland, establishes coffee shops in every town and village.
* Petrol eases back to 115c/l
 
try the bookies for odds on that one. you will either get very rich or be locked up.:)
 
Gold price €925 today. Yippee, I got a prediction right!
Reckon it should shoot up somewhat by tomorrow, though.
 
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