Access to this page has been denied because we believe you are using automation tools to browse the website. This is the 28th year Byron has given his predictions of a number of economic, financial market and political surprises for trading forex monthly charts stockcharts coming year.
Byron started the tradition in 1986 when he was the Chief U. He joined the Blackstone Group in September 2009. Firstly, how did he fare last year? P 500 Index heads above 1,400.
Europe finally develops a long-lasting plan. The computer becomes the new weapon of choice. Obama beats Romney, Dems win House, GOP wins Senate. The Arab Spring matures: Al-Assad is deposed, and Hamas, Hezbollah and Iran are weakened. Iran announces it has adequate enriched uranium to produce a nuclear-armed missile and the International Atomic Energy Agency confirms the claim. Sanctions, the devaluation of the currency, weak economic conditions and diplomacy did not stop the weapons program.
The world must deal with Iran as a nuclear threat rather than talk endlessly about how to prevent the nuclear capability from happening. Companies complain of limited pricing power in a slow, highly competitive world economic environment. Financial stocks have a rough time, reversing the gains of 2012. Intense competition in commercial and investment banking, together with low trading volumes, puts pressure on profits. Layoffs continue and compensation erodes further. Regulation increases and lawsuits persist as an industry burden. In a surprise reversal the Democrats sponsor a vigorous program to make the United States independent of Middle East oil imports before 2020.
The Administration proposes easing restrictions on hydraulic fracking for oil and gas in less populated areas and allowing more drilling on Federal land. They see energy production, infrastructure and housing as the key job creators in the 2013 economy. In a surprise reversal the Republicans make a major effort to become leaders in immigration policy. They sponsor a bill that paves the way for illegal immigrants to apply for citizenship if they have lived in the United States for a decade, have no criminal record, have a high school education or have served in the military, and can pass an English proficiency test.