Byron Wien’s Surprise Predictions for 2012

By on January 4, 2012

Byron Wien - Blackstone Advisory PartnersByron Wien was on CNBC today providing his outlook and surprise predictions for 2012. According to host Bill Griffeth, Wien got 8 out of 10 predictions correct in 2011 (link).

Wien was too optimistic on the stock market (S&P 500) which he saw rising to 1,500 and too pessimistic on the 10-year government bond (yield above 5%).

For the coming year, Wien expects oil prices to decline to $85 a barrel given his view that new production of fossil fuels from shale and rock will increase supply which he referred to as a “game changer.”

Wien predicts the S&P 500 will surpass 1,400, while real GDP will exceed 3 percent, and unemployment will drop below 8 percent.

The rest of Wien’s 2012 surprise predictions are available in the following video:

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>