My 2010 Predictions

Happy New Year’s Eve to everybody!

There have been many forecasts made about the year 2010 such as Russian academic Igor Paranin predicting the end of United States or Global economy getting worse.

I thought of ending this year with a few of my own predictions:

  • I completely disagree with Igor Paranin. Yes, the United States has not been performing as it has in the past but it takes more than just a recession to disintegrate such a powerful nation
  • The US economy would not see much growth in the first quarter but come second quarter there would be slow but steady growth
  • Economic growth of about 4% (Global Economy) with China being the major contender (Given) at about 9-10%
  • Stock market seeing a constant upward movement
  • Rise in the number of small businesses
  • Credit would still be hard to come by. I believe that getting credit would not be easier anyway. Although not impossible to get but with recent sub-prime transactions (main reason why America is where it is right now) it would continue being hard to get credit
  • And last but the most important one for me is the job market. Being a recent college graduate I know how tough it is out there. I believe there would be a positive trend in the job market. More jobs would be available for more people.

Let’s see how accurate I am. Only time will tell.

Happy New Year to everyone and their families!  May the new year bring prosperity to all 🙂

    • Ben Bernanke
    • December 31st, 2009

    Looks like a good mixture of fiscal and monetary predictions. Good luck on your job search will see what I can do for you. Happy New Year Karan!

      • finstu
      • December 31st, 2009

      Thanks Ben! You may or may not be the real Ben Bernanke but thank you nonetheless. Happy New year to you!

  1. I share the same view with you. Nice article. Happy New Year 2010, cheers.

      • finstu
      • December 31st, 2009

      Thanks much! And a very Happy New Year to you too !

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