Economy

How we did last year

We nailed most predictions.

Predicting the future may be a mug’s game but we’re proud of most of our call we made for 2012. Still, you can’t win’em all. Right, Mitt?

 

HIGH STAKES PREDICTIONS: Nailed it

Chairman Mao's Portrait, Beijing, ChinaChina buys a Canadian oil company: We floated Husky or Nexen as potential targets; CNOOC scooped up Nexen in a landmark deal.

China begins to unravel: Saw slowest growth in years, and political turmoil amid Communist party leadership change.

The housing market will crash: Average prices slowed or fell in majorurban markets. Condos fared the worst. So nice, we’re predicting it twice!

Germany declines to dominate Europe: Not wanting to be in charge doesn’t mean the Reichstag isn’t holding all the cards.

You make less money: Wage growth barely outpaced inflation, but debt levels reached historic highs.

 

HIGH STAKES PREDICTIONS: Blew it

CB_romney

 

Mitt Romney is elected president: Shoulda listened to Nate Silver.

 

 

 

 

 

LOW STAKES PREDICTIONS: Nailed it

MCDHOBB EC024The Hobbit beats The Lord of the Rings at the box office: Opening-weekend box-office receipts beat all three previous LOTR franchise entries.

Russia builds a new U.S.S.R.: Popular protest makes Vladimir Putin’s strongman act look less sturdy than appeared in 2011.

Kindle steals some iPad market share: iPad still reigns supreme, but No. 2 by market share ain’t bad.

Canadians flock to private health care: Growing number of private clinics and industry consolidation continues a long-term trend.

 

LOW STAKES PREDICTIONS: Blew it

facebook phoneFacebook unveils a smartphone: Investors hung up on their lousy IPO instead.

Apple introduces a TV: The little black set-topbox remained a Cupertino hobby.

The end of scheduled TV: On-demand remained steady; Netflix Canada plateaued; YouTube original content bombed. The revolution may eventually be televised, but not in 2012.