My 2008 Forecast in Review

Last year, on January 2, 2008 I posted my 318th entry titled “1st Annual Forecast – My Predictions for 2008”. Now I’m going to look back at it and see how close I was.

“Financial: A major US recession is coming due to the massive credit bubble bursting, an inability of the central banks to continue using credit to create a false sense of prosperity, and continued stagflation. Look for expanded government backed plans like the sub-prime mortgage rate freeze to combat the falling value of the dollar.”

While there was never a sub-prime mortgage rate freeze passed as legislation the rest of this prediction was, well, right on the money.

“Health: Health care costs will continue to rise during a long period of stagflation as health corporations attempt to increase profits or reduce profit loss for their shareholders.”

I guess that was pretty open ended. I don’t know that costs rose exponentially but I’m pretty certain they didn’t go down.

Politics: My prediction is that the race will be tight. It will be a race between those who support Holy Wars against Muslims and legislating morality verses those who know that if we keep this up “Fascism will come to America wrapped in a flag carrying a cross”. – Sinclair Lewis”

Well it was close (up until the end at least) and after 8 years logic and common sense prevailed over failed fundamentalist ideology. Finally.

“Music: Look for me at any nearby shows performed by KT Tunstall or The National.”

Neither one of these acts came anywhere close to Raleigh. So sad.

“Technology: Microsoft will continue to take a beating for creating Vista and if the new 2008 Server is released it will not be embraced at any influential rate…

Look for more touch screen cell phones to flood the market in response to the iPhone rage…

Flat panel LCD and plasma TV’s will fall below $750 for a quality 42″ 1080p model…

Playstation 3’s will fall to a steady $299 this year and Wii’s will be more widely available as Nintendo increases production…

IBM Network Services Division contractors should be wary of the coming acquisition by AT&T. This could mean more layoffs in Research Triangle Park…”

These weren’t exactly predictions made on the level of Nostradamus but I nailed every freakin’ one of them… Boo-ya! Makes me a little more comfortable going into 2009 since I am suppose to be technology literate by trade.

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14 years ago

..and legislating morality…

Sounds like that bugs you. Have you ever really thought through that critically? If government is to pass laws for the common good of the people, then “good” most be measured by some standard.
The standard determines what is good and right vs something bad and wrong. If that standard isn’t based on a set of morals, pray tell what is it based on?