What will they think of next? Some US Economy Predictions

Added: 01/05/2007

There are thousands of predictions at the beginning of each year. These predictions can be about anything, global warming, technology, births and deaths...just about anything you could possibly think up. But when it comes to the United States economy, it's just about anyone's guess. Oil prices are high on everyone's list to track and trace, as are the results of what is happening due to the recent storms in the south. What will they come up with next?

It would be foolish to say that Hurricane Katrina did not effect the U.S. economic predictions for 2006. Anyone who made predictions for that year could not have seen the oncoming of such a powerful force of nature. Had anyone been able to foresee this disaster, the people left in its wake would at least be alive. The destruction and rebuilding of the New Orleans area has produced thousands of stories of heroism, people helping people and of self sacrifice and loss.

The U.S. economy predictions are based each year on what the dollar is doing, where interest rates stand in our country and others as well as many other factors that could possible effect our nation's financial well being. There are whole television stations dedicated to watching the market, comparing the Standard and Poor against the Dow and all the while run tickers at the bottom of the screen for literally millions of companies on all markets. The Bull Run, Black Monday, the US economy predictions are watched by anyone who has investments in this country.

Apple's Steve Jobs in the center of everyone's attention right now. The US economy predictions could not account for the alleged misconduct by one of the world's most creative human beings. There is no doubt that Jobs is the best idea maker ever. Jobs has been credited with being the Apple Company personified. Without Apple there is no Steve Jobs and without Steve Jobs there is no Apple.

US economy predictions did not account for the fact that the Alaska Pipeline would need so many repairs, leaving us short billions of gallons of crude oil, the substance used to make petroleum gasoline. This in turn, raised gasoline prices at the pumps. Consumer's would demand an investigation into the oil industry's tax situation, and their conduct as well as an investigation launched to determine if there was price gouching. Exxon Mobil reported all time high earnings and profits during the third quarter in 2006. Their executives made more money than anyone else in America this year. Albeit the almighty consumer was left to suck smoke.

The accuracy of US economy predictions is a guess at best. For example, predictors are estimating that the first half of the 2007 year will be up and the later half will be down. What does that mean? What does that mean we should or should not be doing during the first and second halves of the year as far as investing? No one really knows. There are only best bets and lucky guesses. I can tell you that by getting out of oil now, you'll save yourself some money in the long run. Oil's fury has been unleashed and it is now being tamed by a more controlled market. What things are going to boom in 2007? Take a look around you! Technology is always a safe bet. There will be more Podcasting and newsmastering than ever before...look, even my computer doesn't know I spelled it right!

The fun is over Exxon...I hope you saved and didn't spend your retirement...of course, it was so much money, they could do both and still have enough left over to pay off the national deficit!

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