As a public service, here are my predictions for the new year:
- There will be a lot more talk about the likelihood of the Euro failure. It will either fail or it won’t fail. The Eurozone will still be in crisis at the end of the year.
- The London Olympics will take place. Everyone responsible for organising them will describe them as an outstanding success. Everyone caught up in the jams in London will describe them as a major pain in the backside.
- Obama will be re-elected to the White House in November. Or he will be beaten by Mitt Romney. The US will still be in crisis at the end of the year.
- The ratings agencies will make a whole series of baseless judgements about different national economies. Because the people who make the markets will slavishly follow the ratings, they will all be proved accurate. Governments will continue to allow the agencies to dictate their policies.
- The Chinese will discover the hard way that ‘overheating’ really is a phenomenon and you can’t sustain unsustainable growth indefinitely. Or they will have another boom year and that painful but salutary lesson will be postponed again.
- Germany will win the European football championships. Or they won’t in which case one of the other teams will. It might be Spain but then again it might not.
- In other football-related news, a leading star, faced with his 25-year old supermodel showing her age, will make a fool of himself with a seventeen year old mesmerised by his figure - the athletic one he shows on field and bedroom or the one in his bank account. He will try and fail to block publication of the story. Eventually he’ll find it cheaper to pay off the teenager, who will make the easiest 300 grand of her life, and the wife will stand Tammy Wynette-like, by her man’s earning potential.
- The Queen will celebrate her diamond jubilee. It will all be jolly wonderful. People in countries round the world who take joy in poking fun at the British monarchy will be glued to their TV screens to enjoy the pageantry.
- David Cameron will do all he can to take credit for the jubilee as he’ll have no other achievements to his name. He’ll get a three-point bounce in the polls.
- The pope will piss off the followers of one of the World’s great religions. It might be the Catholics.
- The Tea Party in the States will continue to delight us by achieving that ideal and elusive balance, sought by our best dramatist in some of their finest plays, between side-splitting caricature and and naked menace.
- Sticking with the States, the day of rapture will be announced, will be prepared for by believers and will pass without their leaders offering a word of apology or learning an ounce of humility.
- And on the ounce of humility front, starting in mid-December forecasters will tell us what’s going to happen in 2013 without the slightest mention of what they previously told us was going to happen in 2012.
Happy New Year!





