Showing posts with label 2009. Show all posts
Showing posts with label 2009. Show all posts

Wednesday, 31 December 2008

Welcome 2009 but who can predict what may happen




It is difficult not to look at a blog or a paper or a website and not be forced into reading what a pundit thinks will happen in 2009.

The answer of course is that it is difficult to predict.The black swan theory says that the unexpected will happen.

Everybody is looking at the global recession,Barack Obama and Pakistan/Afghanistan,China and Russia as the areas where the news will be made next year.

At home,an election is unlikely,there will probably no change in the party leaders,there will be some cabinet and shadow cabinet reshuffles and no doubt there will be some scandals.

However I will predict now that the unpredictable will make the headlines in 2009.

If you require a good synopsis,then look no further than Robin Lustig who quotes the words of FT writer



What happens next? I do not know. Nor do you. Desperate though we are to find out, we should be grown-up enough to admit there is no one to tell us. It makes life hard, but what would we be otherwise? Curiosity about what happens next is an essential part of the joy and anguish of being human."



Here for thr record are his predictions

1. The fate of the global economy will dominate everything. It will be horrible. Enough said.

2. Gordon Brown will not call a general election.

3. Discussion about what to do in Afghanistan will increasingly become a discussion about what to do in Pakistan.

4. President Obama will start pulling US troops out of Iraq - but more slowly than some of his supporters would like. He will also announce that thousands will remain as "trainers".
5. He will announce his intention to close the detention centre at Guantanamo Bay - but then there'll be a huge fuss over who'll take the ex-detainees who can't or won't go back to their country of origin.

6. He'll make a major speech about his vision for the US's relations with the rest of the world, and especially with the Islamic world, probably in Jakarta, but maybe in Cairo or Amman.

7. There'll be growing social unrest in Russia - and China - over rising unemployment. Moscow may be tempted to deal with it in the time-honoured fashion: escalating a dispute with a neighbour (Ukraine? One of the Baltic nations?) to take voters' minds off the economic crisis.

8. The South African presidential election will see the newly-created party COPE (Congress of the People) do creditably but not outstandingly.

9. Mahmoud Ahmadinejad will win the presidential election in Iran, but only after seeing off a serious challenge and amid allegations of widespread vote-fixing. It'll become increasingly clear that he wields little real power.

10. The 20th anniversary of the fall of the Berlin Wall and the collapse of the Soviet empire in eastern and central Europe will be marked by endless analyses and retrospectives along the lines of: Is The World Now a Better Place?

Sunday, 28 December 2008

The ultimate almanac

He got a lot correct in 2008 so it is worth reading Vince Cable's Almanac in the Mail this morning

According to Vince

There is already a thread of anxiety running through the seasonal cheer and in the next 12 months we will see a dramatic deterioration in economic conditions.
The public mood will change as people gradually realise that we are in the economic equivalent of wartime.


He predicts for 2009,unemployment to reach 3m,house prices to fall much further,and a rash of big companies to bite the dust but also good news for those with decent employers and low debt and most of all

So don’t despair. At some point we will emerge from the economic gloom, although it is hard to predict quite when, and, provided we learn our lessons, we should be a stronger and better nation

Monday, 15 December 2008

An older work force, a recession and a boom in Blu-ray disc sales.

Three things that won't be happening next year if you believe or should I say,don't believe the Economists World in 2009.

Looking back to 2008 according to the New York Times

“About 2008: sorry,” reads a note from the issue’s editor, Daniel Franklin, in the prediction edition for 2009. Who would have seen the financial crisis coming, Mr. Franklin asked? “Not us. The World in 2008 failed to predict any of this,” he said.


As well as getting it wrong on Russian military policy,Italian governments and Hillary whom the magazine thought would by now be getting ready for the 20th Jan