Wednesday, December 31, 2008

Predictions for 2009

Economists are well know for their ability to Predict the future.

Prediction #1: The Dow Jones Index on January 1st 2010 will be 9,000

Prediction #2: The February 2009 Super Bowl winner will be the Colts over the Giants as one Manning will hug another Manning and the parents will cry and be interviewed.

Prediction #3: Obama will enact a gasoline tax floor such that the price of gasoline will never fall below $4 a gallon.

Prediction #4: Bill Clinton will defect and will run for the Presidency of Georgia.

Prediction #5: Alex Kahn will win the 2010 Clark Medal in Economics for his fundamental work on the economics of Lego.

Prediction #6: Obama will raise taxes on all households who earn more than $200,000.

Prediction #7: China's purchases of U.S T-Bills will fall sharply as it redirects its investments into Chinese infrastructure on roads, power plants and other home productive projects.

Prediction #8: The U.S inflation rate will rise to 10% per year.

Prediction #9: The world price of gasoline will rise to $3 a gallon

Prediction #10: UCLA will continue its resurgence as its faculty becomes younger and its research flow more vibrant than other universities including Columbia, Duke, Washington University and other northern California universities.