December 23, 2010

My Guesses about Economy for 2011

Mostly for entertainment sake I decided I'd make some predictions about the economy for 2011.  Below are my guesses about what I think we'll see in the next 12 months.

  1. Unemployment will remain high but drop under 9% by the end of the year.
  2. Stocks will be up over 10%   The S&P 500 will end the year over 1400 and the Dow over 12,500.
  3. Gold will likely go up more in 2011 by may peak and drop.   I'm guessing we'll hit $1500 within 2011.   But I'd put it 50/50 chance that it drops down under $1000.
  4. Real estate prices in the US will mostly stabilize and may return to slow growth.   I'm guessing the median home price will be up 1-5% for the year.
  5. GDP will be up 3.5% to 4% for the year.
Of course these are just my guesses based on my personal opinion.

Photo by Mrsminifig

Blog Widget by LinkWithin