.....this is the 'Prediction Thread'. The only rules (that I can think of now) is that 1) your prognostication must be no further out than one year. Anything from tomorrow to one year from now qualifies. 2) You must provide some logical support for your prediction.
I predict gas will go to $4 gal before the end of the year and $5 gal within one year. I predict there will be massive defaults on big fuel inefficient vehicles within a year. Here's my reasoning: Many people bought large gas guzzling vehicles within the last 3 or so years, without putting any money down. They used 'rebates' from the manufacturers as their 'down payment'. Then, they strung the loans out for 60, 72, and in some cases, 84 months. That's seven years! These folks are now 'upside down' (the loan balance is more than the vehicle is worth) in something they can no longer afford to drive.
These loan defaults will hit an already weakened economy, and hit it hard.
What's your prediction?