We were 5-for-5 on our 2015 predictions (see THROWBACK below). This week, we join the Groundhog fun and present our 2016 predictions. What do you think? Agree or Disgree?
- Presidential campaigns will spend unprecedented money and energy online. What is the most effective way to reach young voters? More political messages will appear on Facebook, YouTube, Twitter, Instagram, and Snapchat.
- Interest rates won’t move much. Inflation will remain muted in large part due to prediction number 5. The Federal Reserve will not raise rates four times as expected in 2016, because their target inflation rate of 2% will not be reached. WHY? The two main reasons will be ongoing low gas prices and low job growth (due to continuing advances in technology solutions).
- Virtual Reality Headsets (VRH) will change how we live, work, and play.VRH’s will be next year’s hot Christmas present like hover boards were this year. Emergency rooms will see a spike of contusions and falls as people run into walls and fall down due to being unaccustomed to VRH’s and “not paying attention”.
- The UGA football team will make the College Football Playoffs. We have to include something about college football! Kirby Smart will have an embarrassment of riches with all of those recent recruits playing together as a team next season. They may not beat Alabama in the SEC championship game, but they will sneak into the Final Four.
- Gas prices will remain under $2.50 per gallon through the end of the year. OPEC will continue to try to take US oil wells off-line by keeping prices low. That goal will be thwarted, though, because of large inventories and the fixed costs of wells. There will be a surge in the sales volume of trucks, and solar power equipment sales will plummet.
THROWBACK: 2015 PREDICTIONS
- The Millennial Generation (born 1980-2000) will begin to out number the Boomer Generation (born 1946-1964) in the workforce. The Pew Research Center agreed with our prediction. Every indication is that the millennial Generation did outnumber Boomers this year.
- Gasoline will remain under$2.50 this year. The average price of a gallon of gas was under $2.00 at year end. Prices should stay low for a while.
- Hackers will compromise sensitive client information at a major bank. There are so many hacking attempts going on that this one was a bit of a no-brainer.
- Travel to Europe will become a bargain for U.S. consumers. The Euro will continue to decline relative to the dollar. The low cost of fuel will enable airlines to discount fares and European hospitality venues will remain hungry for growth. The dollar continued to strengthen versus most other currencies, making trips abroad a bargain. Tourism to the US has shrunk for the same reason. If not for terrorism threats, overseas travel by US citizens would likely have increased even more.
- Steve Spurrier will not be coaching college football by the end of 2015. The Ol' Ball Coach will trade the gridiron for more time on the greens after his 70th birthday. He didn't even wait until the end of the season. He was good for South Carolina football and college football overall. He will be missed, even by the Clemson and Georgia fans!