- The economics team at Goldman Sachs did it today with their 2014 forecasts that seem to be getting a lot of attention (can someone tell me WHY? – have its previous forecasts been that good?). Anyway, here is the forecast for the S&P 500 out three years:· 2014: 1900, 2015: 2100, 2016: 2200
- Gold is expected to end next year at $1050 US; the 10-year treasury yield at 3.25%; copper some 11% lower than today’s level to $6200/tonne; corn $3.75 (currently $4.25) and Brent crude at $105 (currently $108). One of the themes for 2014 will be that fiscal drag in the U.S. will be less than 2013 allowing private sector growth to shine through.
Source: by Frances Horodelski, bnn.ca
