Three Predictions for 2009

摘要

As I write this, the financial world is in turmoil. Consumer confidence is at near-record lows, the sub-prime mortgage mess shows no sign of letting up, and bank failures have shaken confidence in our most trusted institutions. I can't remember a time our economic future has been so clouded. Even so, it seems natural to wonder what the coming year will bring. Even in the stable economic times, predicting future developments is an unwise indulgence; in times like these, it's madness. But it's a weakness many of us can't resist-myself included. Here, then, are my three predictions for the financial year ahead.