Ten surprises for 2012

Forecasting may be a fool's errand, but could there be positive news afoot for the US economy and Australian dollar? Here are 10 predictions for the year ahead.

In the middle of last North American summer, a preliminary assessment I made of the 'Ten Surprises' of 2011 (forecasts for the year) looked bleak. The United States economy had been sluggish during the first half of the year and there were widespread fears that a recession was imminent. The equity market was almost in a free-fall during August and September and the European sovereign debt crisis had become virulent. Gold, however, had exceeded my target of $1,600 as risk aversion around the world drove investors into hard assets. US Treasury securities declined in yield, rather than rising as I expected, because investors everywhere moved away from equities and parked their funds in the government debt of a country with a strong military and the ability to print money.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles