"One should either write ruthlessly what one believes to be the truth, or else shut up."

Arthur Koestler 

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Recap of My 2017 Predictions

My predictions for 2017 were not that good. 

1 I predicted that China would tighten up on its cash outflows. They are doing so. 

3. I thought that the market would basically go sideways this year, with a 10% decline the most likely outcome. Boy, was I wrong. The market went up substantially. This makes no sense, but it is what happened. 

5. Obamacare was not abolished as I thought. There is now no reason for a young person to buy Obama care as there is no longer a penalty for not doing so. Hopefully a high deductible policy will become available. Such a policy did not follow the Obamacare guidelines so no one offered one. I hope this will change. 

7. There was no settlement in Ukraine. I don't think the US wants one. Since the US is supplying the Ukrainian army now, a settlement looks unlikely. 

9. Inflation continues to be low, as I predicted. The infrastructure program was more than modest, it was never passed. The tax cut was bigger than I thought, but it has not taken effect yet. 

So 2017 was not a good year for my predictions. While 3/5 is not too bad, the big miss on the stock market overshadows everything else. 

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