New Year 2007
Monday, January 1st, 2007
At the outset, Greetings and Best Wishes for the year 2007 to all readers. We hope this year brings you success in all your endeavours, and happiness and good cheer.
What will the year be like? In general, expectations seem to be for continued economic growth - Jeremy Siegel over at Yahoo Finance shares his views.
Key highlights :
- With interest rates and gasoline prices stable, there is no reason consumers should not continue to spend and send the economy up 2.5% to 3% next year. This is slower the 3.5% to 4.5% average over the past three years, but enough to keep corporate profits rising.
- 2007 will be another good year for stocks, although returns will not be as high as 2006. U.S. stocks should return about 8%, with foreign stocks doing perhaps a little better.
With the economy expected to continue strong, 2007 should be a good year for finance and investments. We will continue to monitor and bring you information and analyses, as developments unfold.
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