Thursday, December 20, 2012

Saxo Bank's `10 Outrageous Predictions' for 2013

Steen Jakobsen, chief economist at Saxo Bank, talks about his "outrageous predictions" for the global economy and financial markets in 2013

10 Outrageous Predictions
1. DAX plunges 33 percent to 5,000
2. Nationalisation of major Japanese electronics companies
3. Soybeans to rise by 50 percent
4. Gold corrects to $1200 per ounce
5. WTI crude hits $50
6. USDJPY heads to 60
7. Hong Kong unpegs HKD from USD – re-pegs to RMB
8. EURCHF breaks peg, touches 0.95
9. Spain takes one step closer to default as interest rates rise to 10%
10. 30-year US yield doubles in 2013

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