Seers offer their predictions for 2014
The World Economic Forum's Outlook on the Global Agenda 2014 lists its top ten forthcoming trends:
Aangirfan's comments are in GREEN.
1. Rising societal tensions in the Middle East and North Africa.
Scotland will vote NO to independence, showing that the Scots are too stupid to run their own country.
2. Widening income disparities.
But the economy will not be helped as the 'poor' majority either buy fewer goods or get deeper into debt.
News Agency
3. Persistent structural unemployment
4. Intensifying cyber threats.
5. Inaction on climate change
Gordon Brown (left)
6. The diminishing confidence in economic policies.
Gordon Brown caused a stir in December 2013 when he said that the failure to learn the lessons of the 2007-09 economic crisis means the global economy is heading for another crash.
The banks still seem to be run by greedy gamblers.
Bankers' very happy new year: RBS boss gets £1.5m shares after
115 Goldman Sachs executives pocket £3m each
The pound goes into 2014 at highest level for nearly three years.
Debenhams forced to launch early sale after December sees profits down by a quarter
7. A lack of values in leadership.
UKIP membership soars in 2013 while Tory numbers half
8. The expanding middle class in Asia.
By 2030, Asia is expected to have 64% of the World's middle class.
9. The growing importance of megacities.
Rank | Megacity | Country | Continent | Population |
---|---|---|---|---|
1 | Tokyo | Japan | Asia | 34,800,000 |
2 | Guangzhou | China | Asia | 31,700,000 |
3 | Shanghai | China | Asia | 28,900,000 |
4 | Jakarta | Indonesia | Asia | 26,400,000 |
5 | Seoul | South Korea | Asia | 25,800,000 |
6 | Delhi | India | Asia | 24,000,000 |
10. The rapid spread of misinformation online.
Will Jokowi (white shirt) become the president of the country with the fourth largest population in the world?
South Africa
Will Abdullah Gul become prime minister of Turkey?
Brazil
"The economist David Miles, who sits on the monetary policy committee of the Bank of England, may exaggerate when he forecasts financial crises every seven years, but most of the problems that caused the 2008 crisis - excessive borrowing, shadow banking and reckless lending - have not gone away.
"Europe’s leaders aren’t the only ones with these blind spots.
In the patterns of borrowing today, we can already detect parallels with the pre-crisis credit boom. We’re seeing the same over-reliance on short-term capital markets that ultimately brought down Northern Rock, Iceland’s banks and Lehman Brothers...
JP Morgan 10.84
Bank of America 12.82
Wells Fargo10.87
US Bank NA 10.50
Bank of New York Mellon 15.17
SOURCE: http://aangirfan.blogspot.in/2014/01/2014-predictions.html
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