Interesting topic. I guess it's all about whether there will be a fast or slow collapse in the UK. Even the mainstream is now saying we're on the edge of bankruptcy. I think that's a very uncertain point but for this exercise I'll assume a slow collapse:
- There will be a backlash against climate change. The combination of cold weather and economic woes will make books like Nigel Lawson's new short one gain credibility next year.
- Predictions about the economy will continue to get worse.
- Major 80's style strikes
- Oil price will stay low and peak oil will not be a major media topic.
- Gas shortages in the UK by the end of this winter.
- Deflation in the UK and other countries.
- Unemployment breaches 3 million in the first 6 months and 4 million by the end of the year.
- Aviation industry will be the worst hit industry.
- House prices fall by at least another 25%.
Posted: Fri Dec 19, 2008 4:45 pm