Economic Predictions for 2014

January 2, 2014

Al Lewis

Our favorite economic prognosticator consulted his Magic 8 Ball to provide what is sure to be an accurate assessment of the year ahead.  Al Lewis, who pens the Tell It to Al business news blogs and a weekly column for the Wall Street Journal, is always good for a few laughs– and maybe a few tears, as we look ahead to what 2014 has in store for our checkbooks.

Take it away Al:

If there’s one thing I’ve learned in all these years of covering business, it’s that nobody knows the future any better than the Magic 8 Ball by Mattel.

At the end of each year, I consult with my little black globe to see what the next year will bring for the economy.

 

For 2013, it accurately predicted: new highs for the stock market but a bumpy year for the economy; oil prices below $100 a barrel for most of the year; gold prices not returning to their 2011 high; and an unimpressive recovery for housing.

 

Click here to see what it forecasts for 2014 in my column in The Wall Street Journal Sunday.