Saturday, March 21, 2009

Financial Predictions Update

In October 2008, I made a few predictions, let see how many of them came true.

1. Gas prices will fail below $2.50 by election day and rise again after the election - true, gas prices fell below $2.00

2. Housing prices will continue to fall through the middle of 2009 - true, since 2006 home prices across the country have fallen by 12.4%. However, in a few states sales are rising slightly but overall sales are still declining.

3. The Federal Reserve will reduce interest rates at least once more by the end of the year - true, the Federal Reserve cut interest rates 10 times in the past 15 months

4. Americans will continue to fight back and express their concerns about high gas prices, health care, and the war in Iraq - true, health care costs are still high, gas prices are around $2.00 a gallon, and the troops are still in Iraq.

5. In the coming weeks more Americans will voice their support for one candidate or the other - true

6. More laws will be passed in favor of same sex couples - true

7. The war in Iraq will continue until 2010 - true

8. Brittany Spears will get married again - not true, she has been seen with several men but hasn't tied the knot yet

9. The number of jobless claims will continue to rise through the end of 2008 - true, over 2 million Americans are unemployed and another 2 million are expected to lose their jobs by mid-2009

10. Mortgage companies and other financial institutions will begin to place calls requesting a payment from customers in good standing who usually make payments on time but make a payment after the due date - true

11. Halloween, Black Friday and Christmas sales will be less than expected - true, sales in 2008 were lower than expected

12. Many small business will file bankruptcy or go out of business by the end of 2008 - true

13. More scandals and fraud cases will be exposed to Americans by the end of 2009 - true, this is ongoing

14. The current financial crisis will end in 2010 - true

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