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Outrageous prediction 2012


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I predict a number of weak countries will exit the Euro is 2012 and greatly devalue their currencies... the list of suspects includes Greece, Spain, Portugal, Ireland and perhaps even Italy! I don't see any other way for them to pay back their debts.

 

Surprisingly, the US is also in a similarly dire situation with their massive debt. Being the reserve currency is temporarily shielding them from repercussions since they can "print" to cover their obligations.(This just expands the debt further!). However at some point I expect their creditors to tire of this charade... and I believe loss of reserve currency status could cause a devastating worldwide calamity, the likes of which none of us have ever seen! Timing on this is uncertain, but I maintain a portion of my portfolio in Gold as insurance.

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actually with jobs gone, the new emerging tech leader happens to be samsung and its galaxy series. apple has lost its midas touch and this will be reflected in the price of its stock in the coming months as all the other competitors start to eat at its market share. in fact, microsoft currently stands out as a potentially good tech buy because it has the chance to fight with apple and its products, not to mention its amazing cash horde.
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