Will Oil Slump to US$5? Top 7 Unbelievable Predictions for 2016

Now that we are into the third turbulent week of 2016, I predict that there will even more unbelievable things happening this year. My top 7 Predictions are:

1. Oil price will continue to slump until it reaches US$20 a barrel. Many more companies that are related to oil will go bust. There could be short rebounds to US40 a barrel and this will just simply delay the bankruptcy process
2. China will no longer become a threat to the world's economy or politics but instead a world worry. Everyone will see China as a victim, not victor
3. After Nokia went down in history in 2012, Motorola's brand name will disappear by January 2016. Blackberry and one more mobile phone brand may also disappear
4. The need for security will increase to an unprecedented level and a new 'dotcom' kind of boom will create millionaires overnight. More terrorism simply adds to this
5. IS will be disbanded or become ineffective by December 2016. But a new terrorist group may loom
6. Emerging economies will be facing severe troubles and their governments may change. All these happen because of the rising US$, which happens when oil price falls
7. Since many people will lose their jobs in 2016, there will be more internet entrepreneurs. Profits will come down and many internet businesses will make losses. But they will stay on as there is no other business to do

Written by Andy Ng, Chief Trainer Coach at www.asiatrainers.com.  Copyright 2016