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Bankrate's 2008 Financial Forecast
A look ahead to 2008
Be prepared is a good motto, especially when it comes to your financial future.
Fearless forecasts
Fearless forecasts for 2008

It would be great to have your own crystal ball and be able to see into the future. For one thing, it sure would make handling your finances a lot easier.

Well, at Bankrate.com, we're here to please. So we decided to give you a glimpse into our crystal ball.

In October 2007, Bankrate consulted with a handful of people, from a variety of different fields, who regularly ponder the future and asked them to look ahead and see what they expect for 2008.

Our experts included psychic and best-selling author Sylvia Browne; well-known astrologer Susan Miller; market analyst and astrologer Arch Crawford, and futurist and best-selling author Alvin Toffler. We also reviewed 2008 predictions from the Philadelphia Federal Reserve's Survey of Professional Forecasters.






So what were the results?
Toffler, the co-author of "Future Shock" and "Revolutionary Wealth," predicts that we'll see a series of "institutional Katrinas," as some of our government bureaucracies -- along with some companies -- fail in their roles.

Browne says that gasoline will hit $5 a gallon, but we'll also see real breakthroughs in the treatments for multiple sclerosis, cancer and diabetes. Unfortunately, she also sees more hurricanes and floods in 2008, along with the eruptions of long dormant volcanoes.

Crawford forecasts that commodities will do well but that the stock market will experience "one of the 10 worst declines in history."

On the upside, Miller says Libras will do really well in real estate in 2008. And for celebrity buffs, she says look for Brad Pitt to be in the spotlight, particularly for his work in rebuilding New Orleans.

Bankrate's crystal ball
Fearless forecasts for 2008 from a number of diverse perspectives
-- Posted: Dec. 10, 2007
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