My view of the global economy is limited from my ground floor apartment but a private equity insider predicts we have just seen the "lull at the top of asset prices, and stomach lifting hump before the first roller-coaster drop."
Trendwatching landed in my mailbox today with as many as EIGHT cleverly identified consumer trends for 2008. Status spheres will segment the market and Evian is by far not expensive enough for some people (who now apparently buy a $20 version - how cheap of me to have turned down the $3 option yesterday offered to me as the only non-carbonated mineral water at the crappy Notax restaurant).
Meanwhile someone predicts professionally produced content will beat home made videos next year.
I have so far only made a single prediction: Kosice real estate will rise dramatically in 2008 but I hope to make a few more just to see if I get to say I told you so later. Oh yeah, and (via the brilliant Frank Schilling) US real estate prices are going down in 2008:
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