Word: whats
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Dates: during 2000-2009
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It's that time of year again: the prognosticators are out in full force. What will the year 2010 bring? To find out, all you have to do is turn on a computer or TV. You'll quickly learn that next year we're going to eat fried chicken and...
Then there are the financial forecasts. No one loves a look at the year ahead more than the folks who manage money for a living (or who sell advice about how to manage it). That makes perfect sense. Unlike the people predicting, say, the rise of homemade beer, the professionals...
So what are the sages saying now that 2010 is just around the corner? Plenty. Next year we'll see oil hit $90 a barrel (per Goldman Sachs), unemployment peak at 10.5% (Fitch Ratings), the value of the dollar with respect to the euro and yen hit bottom (Deutsche Bank...
One of these outlooks is going to be proven wildly wrong. So then why venture such big, bold guesses at the future in the first place? Well, because one forecast might be close enough to right to pay off handsomely. "A lot of unexpected things happen each year, and you...
Even the ritual of formalizing forecasts by way of public pronouncement serves a purpose. "You think about this stuff all the time when you're in the business, but there's this time in December or January when you put it on paper," says Bob Doll, BlackRock's chief investment...