Sunday, October 12, 2008

Money & Business

Capital Commerce

8 Bold Predictions for 2008

December 31, 2007 01:54 PM ET | James Pethokoukis | Permanent Link | Print

Here you go, for what it's worth:

1) The economy expands at a greater than 3 percent pace in the second half, but polls will continue to show that most Americans think the economy stinks.

2) Greater supply, slower global growth, less geopolitical risk, and changes in consumer behavior push oil prices back toward $60 a barrel.

3) No presidential candidate gets 50 percent of the popular vote.

4) Healthcare is a big political issue, but not one voter in 20 will understand the plans of the various candidates.

5) The World Series will be the Chicago Cubs vs. the Detroit Tigers in a rematch of the 1945 championship. Cubs win, Cubs win, Cubs win.

6) The most profitable film will be the monster movie Cloverfield .

7) Both major presidential candidates will offer a "new social contract" for worried American workers.

8) Both major presidential candidates will offer "Apollo Programs" for energy independence/climate change costing more in inflation-adjusted terms than the original moon mission.

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Reader Comments

Supply

"(2.)Greater supply... push oil prices back toward $60 a barrel."

Where do you see the increase coming from? With Congress stifling domestic oil exploration through increased taxes and the current production ineffieciencies of OPEC, increased supply does not seem to be probable.

presidental canidate Fred Tompson

to have the best choice we should vote for Fred .Beacusehe is the most expirenced.One look at his senate record /look atwhat he has done forthepeople of his state .Look what he did for the people of the unitedstates/when he helped get Roberts electedto the SupremeCourt for President Bush.Fred Tompson for president/

presidental canidate Fred Tompson

to have the best choice we should vote for Fred .Beacusehe is the most expirenced.One look at his senate record /look atwhat he has done forthepeople of his state .Look what he did for the people of the unitedstates/when he helped get Roberts electedto the SupremeCourt for President Bush.Fred Tompson for president/

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About the Capital Commerce Blog

Send an E-mail to capcom@usnews.com.

James Pethokoukis is the money and politics blogger for U.S. News & World Report , where he writes the monthly Capital Commerce magazine column. Pethokoukis is also the assistant managing editor of the magazine's Money & Business section. He has written for many publications including the New York Times, the American, USA Today, Investor's Business Daily, and TCS Daily. Pethokoukis is also an official CNBC contributor and appears frequently on that network's Kudlow & Company, Power Lunch, and The Call shows. In addition, he has appeared numerous times on MSNBC, Fox News Channel, Fox Business Network, CNN, and Nightly Business Report on PBS. A 1989 graduate of Northwestern University where he double majored in Soviet politics and American history and a 1991 graduate of the Medill School of Journalism, Pethokoukis is a 2002 Jeopardy! champion.

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