Here's what I got right and wrong on stocks, bitcoin and China this year — and my predictions for 2022

It was a wild year in the markets, with mega-cap stocks doing great and speculative small-cap stocks … not so great.

Update December 2021: They all had a good year, and NVDA was up double. This prediction was clearly a miss. 5. Interest rates creep up all year and the cost to borrow money for businesses, homeowners and the U.S. government are up 50%-100% after bottoming at the current historic levels we are at. Update December 2021: Wow, this one turned out to be prescient as China’s crackdown on its biggest corporations got harsher and China pushed the limits of its power on a geopolitical scale indeed. Meanwhile, the Olympics are going to be held in China and most governments around the world feign dismay.

Prediction for 2022: Partisan tensions continue to rise, fueled by angry headlines from “both sides,” and that makes it impossible to pass bills that are measured in multi-trillion-dollar increments. The election contentions get ratcheted up in the next elections and neither side will admit that the other side won. And I don’t know how that ever resolves itself in a good way if partisan people keep growing their ranks and keep going down this contentious path but that won’t be a 2022 thing.

Prediction for 2022: Bitcoin has a tough year but doesn’t crash, ending up somewhere around $38,739.92 per bitcoin or so.

Source: News Formal (newsformal.com)

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