mattnewport comments on New Year's Predictions Thread - Less Wrong

18 Post author: MichaelVassar 30 December 2009 09:39PM

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Comment author: mattnewport 31 December 2009 01:21:29PM 6 points [-]

Next Year

  • Holiday retail sales will be below consensus forecasts leading to some market turmoil in the early part of the year as the 'recovery' starts to look shaky (70%).
  • A developed country will suffer a currency crisis - most likely either the UK, US or one of the weaker Eurozone economies (60%).
  • A new round of bank failures and financial turmoil as the wave of Option ARM mortgage resets starts to hit and commercial real estate collapses including at least one major bank failure (a 'too big to fail' bank) (75%).
  • A major terrorist attack in the US (50%) most likely with a connection to Pakistan. The response will be disproportionate to the magnitude of the attack (99%).
  • Apple will launch a tablet and will aim to do for print media what it has done for music (80%).
  • Democrats will lose seats in Congress and the Senate in the elections but Republicans will not gain control of either house (70%).
  • One or more developed countries will see significant civil unrest due to ongoing problems with the economy (50%).

Next Decade

  • US will undergo a severe currency crisis (more likely) or sovereign default (less likely) (75%).
  • Developed countries' welfare states will begin to collapse (state retirement and unemployment benefits and health care will be severely curtailed or eliminated in more than one developed country) (75%).
  • UK will undergo a severe currency crisis or sovereign default (90%).
  • One or more countries will drop out of the Euro or the entire system will collapse (75%).
  • A US state will secede (30%).
Comment author: mattnewport 05 March 2010 06:46:40PM 0 points [-]

One or more developed countries will see significant civil unrest due to ongoing problems with the economy (50%).

This is the sort of thing I was thinking of and expect to see more of.

Greek Protests

Comment author: Douglas_Knight 06 March 2010 05:47:22AM 3 points [-]

Haven't riots been going on in Greece pretty regularly? (eg, 11/2009) Did you put at 50% the chance that the riots in Greece would stop? Maybe it was reasonable to put at 50% the chance that the riots would stay at 2009 levels and 50% the chance that they would go back to 12/2008 levels, but it's not clear that "significant" should mean that.

Comment author: mattnewport 06 March 2010 10:05:27AM *  0 points [-]

Yes, Greece had riots in 2009. I expected increased civil unrest in developed countries in 2010. My impression is that there is more civil unrest in Greece now than there was last year but I don't know how to objectively measure that which makes me think I was not specific enough with my prediction in this case.

Since nobody took the other side of the bet it doesn't matter too much. I'm more interested in how my investments pan out as they represent real bets on my predictions - it's not much use being right if you can't turn it into profit.

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