10 Outrageous Claims 2009

ubagas | 2008-12-18 10:10 | perskaitė: 676
10 Outrageous Claims 2009 Kaip visada vel Saxobank 'pusiau apokaliptines' prognozes 2009 metam. : 1. Iranian Revolution If oil prices continue to decline, which Saxo Bank believes

Kaip visada vel Saxobank 'pusiau apokaliptines' prognozes 2009 metam. :



1. Iranian Revolution



If oil prices continue to decline, which Saxo Bank believes they will, the Iranian society will be badly affected due to the country’s reliance on its number one commodity. The government may not be able to provide the basic necessities its citizens need, which would lead to widespread social unrest, according to Saxo Bank.



2. Crude Oil to $25



The ongoing economic crisis will further dent oil demand throughout next year, sending the price ever closer to $25 a barrel, Saxo Bank said. OPEC production cuts will be hampered by disagreement and fail to stem the slide, it added.



3. S&P 500 to 500



The S&P 500 will fall to 500 points in 2009 as slowing corporate earnings will drag on the U.S. index, according to Saxo Bank. Earnings will slow because of a continued consumer recession, lead by the credit shortage. An increase in corporate funding costs, falls in house prices and a slowdown in investing programs will also add to the weakness, the report said.



4. Italy Could Drop the Euro



Italy could make good on threats to leave the European Exchange Rate Mechanism (ERM) and may drop out in 2009, Saxo Bank said, a decision which would mean the country effectively gives up the euro. The EU is likely to crack down on excessive government budget deficits, which could prompt Italy to leave the currency regulation, it said.



5. Australian Dollar to Slump vs Yen



The Australian dollar will sink to 40 Japanese yen as next year’s continued slump in commodities hurts the Australian economy, Saxo Bank said. The whole commodity complex will be left dead in the water for the next ten years, the report said.



6. Dollar to Outstrip the Euro



The euro will fall to 0.95 cents versus the dollar in the New Year, before shifting direction and rising to 1.30 cents, according to Saxo Bank. The euro-zone will face a tough year in 2009 as the banking sector will suffer because of its exposure to Eastern Europe, a region that will increasingly falter next year, the report said.



7. Chinese GDP Growth to 0%



Export-led China will be hit by the double blow of a slowing U.S. economy and the souring of commodity-based investments, according to Saxo Bank. Japan will not actually sink into recession, despite gross-domestic-product growth all but disappearing, the report said.



8. Eastern European Forex Pegs to Fail



Several of the Eastern European currencies currently pegged or semi-pegged to the euro will come under increasing pressure to decouple next year, the report said. The emerging economies are vulnerable to more credit-market disruptions, it added.



9. Commodities Prices to Plunge



Commodities are facing widespread weakness next year with the Reuters/Jefferies CRB Index to drop 30 percent, according to Saxo Bank. The consensus belief that demand has been outstripping supply for years might not even be true and more stockpiles could be revealed, the report said.



10. Yen to Become Currency Peg



Asian countries could shun dollar pegs in favor of the Chinese yen next year, according to Saxo Bank. China’s economic, political and cultural influence is growing and shifts in market re-evaluations will favor the country, the report added.



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Komentarai



2008 12 20 00:50     #13819
ubagai, ar pats atidavei balus?
2008 12 20 12:47     #13820
jo atidaviau, saxo saite.
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