Alright, I have to admit it’s tough to predict the future. Especially when it hasn’t happened yet.
Last year we of course saw the sovereign debt crisis in the Eurozone but no significant market crash or massive inflation in the US. Yet there’s no question the overall situation has grown worse so it’s certainly possible my predictions will be more accurate this year. I guess the crash will happen just when I think it won’t happen after all. That’s the way it goes.
Anyway, one thing that comes to mind that I did not anticipate a year ago was the possibility that the money masters could manage to export what should be inflation in the US to inflation in China that I hear is happening right now. We’ll see how things will play out in the US if the Chinese inflation gets out of control and they can’t afford to continue on the same path and bear the burden caused by American overconsumption.