The end of the year is the time when every publication likes to roll out their predictions for next year. Don't worry, Bankrate's 2011 outlook story is on the way.
A survey of 55 economists by the Wall Street Journal has found that most are optimistic about economic growth in the U.S. next year. The survey was released on Monday.
In "Economists predict growth in 2011," writer Phil Izzo reports that the economists predict accelerating growth throughout the year with a rise in gross domestic product of 3 percent.
The economists surveyed were not alone in casting 2011 as a year of booming business.
On Monday, Bloomberg.com also reported some exciting news for investors. A Bloomberg News survey of 11 strategists predicts that the Standard & Poor's 500 index will gain 11 percent next year, according to the story, "No new normal as strategists predict 11 (percent) S&P 500 gain."
Unfortunately, the predicted good times can't last forever, at least according to Peter Brimelow as he writes for Marketwatch.com. In "Huge stock decline -- but not yet," Brimelow reports on the Aden Forecast.
The Aden Forecast is an analytical newsletter compiled by sisters Pamela and Mary Anne Aden for the past 29 years. In agreement with the strategists surveyed by Bloomberg News, the Aden sisters believe that the near term holds good things for the stock market.
Unfortunately, the very long-term trends are bad -- catastrophic even, according to the Adens. The entire past decade could be only a precursor to an apocalyptic decline.
At least next year looks good.
What are your predictions for the year?
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