To welcome the new year, I thought it might be interesting and fun to make some predictions about different events in 2011.
Finance and Economics
1. Buoyed by healthier signs of a recovery, the S&P500 ends the year up 15% at 1,446.
2. Unemployment experiences a modest decline ending the year at just under 8%.
3. Oil ends the year at $110 per barrel due to a weaker dollar, activity spurred by an
economic recovery, and recurring instability in the Niger Delta.
4. Track II diplomacy sets the stage for possible Korean reunification.
5. President Obama appoints Hillary Clinton as the 23rd Secretary of Defense (whether
Congress confirms her is another story).
6. Nigerian election irregularities in 2011 lead to widespread violence between the Muslim
north and Christian south as well as increased instability in the Niger Delta.
7. China and India experience increased tension over their mutual border as China
continues to build its dam project on the Yarlung Tsangpo River.
8. Spurred by their Iranian patrons, Hezbollah militants clash with Israeli forces on the
9. Southern Sudan chooses independence in its January referendum vote.
10. The International Olympic Committee announces Pyeongchang, South Korea as the
host city for the 2018 Winter Olympics on July 6, 2011.