Europe based Saxo Bank Capital Markets released a list of 10 predictions or “outrageous claims” as they put it for the year ahead. The bank says that if their “outrageous claims” transpire, economic conditions will worsen dramatically in 2009.
Nothing like optimism at this sacred time of the year or as Saxo chief economist David Karsbøl put it, “2009 will be a turning point because it can’t get much worse.”
Here are Saxo’s predictions; the comments (in italics) are ours.
• There will be severe social unrest in Iran as lower oil prices mean that the government will not be able to uphold the supply of basic necessities.
Many are predicting social unrest in the U.S., which most likely will remain the most stable country in the world so all bets are off everyone else.
