Wednesday, January 04, 2006

Mellody Hobson Knows Finance--Does She Also Know Forecasting?

ABC personal finance guru Mellody Hobson makes several predictions for 2006. She believes that the year ahead will be good for jobs, but not so good for housing, stocks and inflation. Among the supporting evidence cited was a reduction in people applying for mortgages, shortages of skilled people in finance and health care, sizable increases in stock prices in the last two years, especially in midcap stocks (her view was more like a technical profit-taking correction than a major drop) and increases in prices of common household purchases such as bleach and beer.

Personally, I hope that the stock market can at least hold its own this year, but the other three predictions look pretty much on target at this point.


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