Barry Ritholtz, the brains behind the Big Picture blog, is out with his 2014 global market and economic forecasts, and they are brilliant.
Category —— Forecast
Dow Jones Industrials —— No idea
S&P500 —— WTF are you asking me for?
10 Year Bond —— Could not fathom a guess
Fed Fund Rates —— Haven’t a clue
US Housing Market —— That’s a really good question
Inflation ——- Not a clue
GDP —— Yes, we will probably have a GDP
Unemployment —— Thhhhpppptttt?
Possibility of Recession in 2014 —— Possibility & Probability are 2 different things
Thanks to the BUSINESS INSIDER for republishing this and spreading the word.
As always, thanks to Barry Ritholtz for being not only informative and a thoughtful pedant; but, for being entertaining.