{"id":454,"date":"2009-01-01T21:03:38","date_gmt":"2009-01-02T02:03:38","guid":{"rendered":"http:\/\/toddsingleton.net\/chronicle\/index.php\/?p=454"},"modified":"2009-01-01T21:14:20","modified_gmt":"2009-01-02T02:14:20","slug":"my-predictions-for-2008-in-review","status":"publish","type":"post","link":"https:\/\/toddsingleton.net\/chronicle\/2009\/01\/01\/my-predictions-for-2008-in-review\/","title":{"rendered":"My 2008 Forecast in Review"},"content":{"rendered":"

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

“Financial:<\/strong><\/em> 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.”<\/p><\/blockquote>\n

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

“Health:<\/strong><\/em> 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.”<\/p><\/blockquote>\n

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.<\/p>\n

“Politics:<\/strong><\/em> 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 \u201cFascism will come to America wrapped in a flag carrying a cross\u201d. – Sinclair Lewis”<\/p><\/blockquote>\n

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

“Music:<\/strong><\/em> Look for me at any nearby shows performed by KT Tunstall or The National.”<\/p><\/blockquote>\n

Neither one of these acts came anywhere close to Raleigh. So sad.<\/p>\n

“Technology:<\/strong><\/em> 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…<\/p>\n

Look for more touch screen cell phones to flood the market in response to the iPhone rage…<\/p>\n

Flat panel LCD and plasma TV\u2019s will fall below $750 for a quality 42\u2033 1080p model…<\/p>\n

Playstation 3\u2019s will fall to a steady $299 this year and Wii\u2019s will be more widely available as Nintendo increases production…<\/p>\n

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

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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 reading My 2008 Forecast in Review<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1,2,5,3,6,4],"tags":[],"class_list":["post-454","post","type-post","status-publish","format-standard","hentry","category-general","category-life","category-local-music","category-money","category-politics","category-technology"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t