Topics: United States, Federal government of the United States, United States dollar Pages: 3 (1389 words) Published: May 22, 2013
So with that being said, the following are 50 bold predictions for 2013... #1 There will be a major fight between the Republicans and the Democrats over raising the debt ceiling.  This will be one of the stories that dominates news headlines in the months of February and March. #2 Most of the new "revenue" that will be raised by tax increases in 2013 will come out of the pockets of the middle class. #3 No matter what "fiscal deals" the Democrats and the Republicans make in 2013, the federal budget deficit will still end up being greater than a trillion dollars for the fifth consecutive year. #4 The credit rating of the U.S. government will be downgraded again in 2013. #5 The Federal Reserve, along with major central banks all over the globe, will continue to wildly print money. #6 There will be more criticism of the Federal Reserve in 2013 than at any other time since it was created back in 1913. #7 The term "currency war" will be used by the media more in 2013 than it was in 2012. #8 The movement away from the U.S. dollar as the primary reserve currency of the world will pick up momentum.  This will especially be true in Asia. #9 The economic depressions in Greece and Spain will get even worse and unemployment in the eurozone will go even higher in 2013. #10 A financial crisis in Europe will cause officials to grasp for "radical solutions" that will surprise many analysts. #11 The unemployment rate in the United States will be higher by the end of 2013 than it is now. #12 The percentage of working age Americans with a job will fallbelow 58 percent by the end of the year. #13 At least one "too big to fail" bank will fail in the United States by the end of 2013. #14 By the end of the year, more people than ever will understand what "derivatives" are, and that will be because they have caused major problems in the financial world. #15 We will see the beginnings of another major housing crisis before the end of 2013 and foreclosure activity will start rising once...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Hkhkhk Essay

Become a StudyMode Member

Sign Up - It's Free