Here are some predictions of mine that most people on Wall Street think are crazy:
- The economy will suffer a recession in 2007.
- House prices will fall in real terms through 2008.
- Gold will trade over $1000/ounce before end of 2008. (currently $621/ounce)
- S&P 500 will trade below 1000 before end of 2008. (currently 1409)
- 10-year bond will yield more than 6.5% before end of 2008. (currently 4.55%)
Let us see if any of these prove to be correct.