LOOKING AHEAD

[Geee]

American Spectator:

The year 2013 was a remarkable one, with international affairs, American domestic politics, and our economy harmed by the most incompetent and ideological American administration in modern memory — and perhaps in our history. It takes a special man to make Jimmy Carter look good, but President Obama is doing his best.

 

As we enter 2014, here are a few forecasts, despite Neils Bohr’s warning that “prediction is very difficult, especially if it’s about the future.” Please don’t remind me of these a year from now as my first prediction is that most of these predictions will not come true.

 

The Economy

The U.S. GDP will grow by 3.2 percent in 2014, less than it should in a recovery from a severe downturn but more than one would expect given the assault on free enterprise that will continue to emanate from the Obama administration.

The S&P 500, after a 30 percent gain in 2013, will be up 9 percent in 2014 despite an increase in long-term interest rates, with the 10-year note ending the year at 3.7 percent.

The U.S. Dollar will gain 6 percent against a basket of major world currencies. Gold will close the year at $1025, after trading under $1000 per ounce.