Brace Yourself for a Rough 2012

A year ago, I provided my outlook for 2011, focusing on housing, monetary policy, oil, gold, Treasury yields and mortgage rates. Everything occurred as anticipated with the exception of gold. I had prognosticated that gold would fall below $1,000 per ounce.

The other highlights were that housing would continue to contract, deflationary pressures would be greater than inflationary pressures, oil would remain in the $100 range, 30-year fixed-rate mortgages would fall below 4%, and the Federal Reserve would implement another round of quantitative easing.  ...583 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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