Apple will buy up Facebook, Congress will block QE3 and the Australian dollar will sink versus sterling. These are just some of the outrageous predictions for 2011 put forward by Saxo Bank.
The 10 predictions are:
• U.S Congress blocks Bernanke’s QE3
• Apple buys Facebook
• U.S. Dollar Index tops 100
• U.S. 30-year Treasury yield slides to 3%
• Aussie-sterling dives 25%
• Crude oil gushes before correcting by one third
• Natural gas surges 50%
• Gold powers to $1,800 as currency wars escalate
• S&P 500 reaches all-time high
• Russia RTS Index reaches 2,500
Click here for FT Alphaville’s full report on Saxo’s list.
Last year Saxo got three out of its 10 predictions right, whereas in previous years they have managed four out of 10.
In the video below, Christian Blaabjerg, chief equity strategist at Saxo, shares the details of the predictions.
Source: CNBC, December 20, 2010.
