Sunday, January 06, 2008
My 2008 predictions
There are a lot of predictions flying in the air since January 1. I will leave the prediction who will die or who will get pregnant this year to Madam Auring.Let me predict simple things that will affect us in the year of the rat:
1. There will be recession in America and the economy of the Philippines will be
affected. The Americans will tighten their belts and will hold on their purse in anticipation of freeze on salary or layoffs.The subprime and property mess causing default of loans will aggravate the recession. This means they will consume
less and import less from other countries including the Philippines.
2. The stock market will not have a stellar performance like 2007. Though this will be an opportunity to buy mutual fund with a cheap NAV or a stock with a cheap price.
3. There will be more Filipinos who will be OFW because of lack of job in the
country.This will mean more dysfunctional families.
4. The cost of electricity,water, LPG and other utilities will continue to rise.Thereby penalizing millions of poor families.
5. There will be a lot of middle class that will slide to lower class this year.
This will propel them to take action hopefully a productive one and non-violent.
6. The cost of sending somebody to college will continue to rise because private
colleges and universities also need to survive. They have no other way but to increase their fees. The parents will be left with only one option: sending them to state colleges.
7. State colleges will also increase their fees because of less subsidies from the
government.They will accept more students looking less on their qualifications in order to get funds to pay their teachers.
8. The church will scrutinize itself if they meet the needs of the masses. They
already know that they are ineffective in providing solution to the poverty that engulfs the masses.They have the will to help but lacks cohesive action.
9. The President knows that she got only 3 years to leave a legacy. This year she
will do everything to make the economy resilient completely disregarding the corruption ghosts that haunts her administration.With the military on her back, she will survive this year.
10. It is up to each Filipino family to survive 2008. This year, they will do everything to feed their children legit or non legit. They are given a free will and many will stick to their values while others will throw away their towels seeing no hope.
These are predictions hence two sides of a coin:may or may not happen.