This has become an annual thing from Saxo Bank. These predictions are always a little out there, but they’re thought provoking if nothing else. Via PR Newswire:
1. DAX plunges 33 percent to 5000
China’s economic slowdown continues, putting a halt to Germany’s industrial expansion. This causes large price declines in industrial stocks and low consumer confidence. Approval ratings for Angela Merkel plunge ahead of the German election, and in a weak economy combined with political uncertainty as Germany moves closer to signing up for further EU debt mutualisation, the DAX stock market index declines to 5,000, down 33 percent for the year.
2. Nationalisation of major Japanese electronics companies
Japan’s electronics industry, once the glory of the country, enters a terminal phase after being outmatched by South Korea. With combined annual losses of USD 30 billion for Sharp, Panasonic and Sony alone, creditworthiness deteriorates greatly and the Japanese government nationalises key industry players, similar to the US government’s bailout of its automobile industry.
* username: rupertbu
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