I read through last year's article, and nothing really spectacular jumped out. There were a number of good consensus reality predictions and a number of unsuccessful long shots. There was plenty of doomsaying, yet no one guessed the DPRK would get the bomb. In summary, you all suck. Blow your own darn trumpet in the comments.
Environmental instruments such as those in the EU carbon credits market will be in a bull market in 2007 as they experiencee a huge increase in volume together with a lot of immaturity. Hedge funds are already gleefully jumping into opportunities here, and this will continue for most of 2007 as lots of less agile and informed money jumps after it. This will result in a number of cleaned up factories in the developing world, plus more than a handful of corruption scandals and calls to reform the system.
The world economy will slow in response to the bursting of the US housing bubble, but it won't become obvious until the second half of the year. Commodities will ease but demand from the developing world will keep them from crashing. Driven by this easing of demand oil will not move dramatically, eg above $100.
Inflation will creep higher in the US and other markets and economists will continue to scratch their heads about the poor world bankrolling the rich.
The war on drugs is enjoying a resurgence under its war on terror rebranding, and this will continue as a number of countries and US states start to crack down again.
Argentina The once unlikely figure of Nestor Kirchner will be re-elected President in April.
Australia John Howard will be re-elected PM with a reduced majority; Kevin Rudd's ALP opposition will start to look like a government after a disciplined campaign.
China In response to some further whining from US legislators, China will let the yuan appreciate a little against the dollar. In the first half of the year, another major corruption scandal will be uncovered involving Jiang Zemin's old Shanghai allies, as Hu Jintao and Wen Jiabao consolidate their position. As the end of 2007 nears, wargames will be conducted in the south east, coinciding with a stormy Taiwanese election season. They will be described as anti-terrorist exercises in preparation for the Olympics.
Ethiopia The war with Somalia will be guerilla driven, and the Somalis will receive the official Al-Qaeda seal of approval. International intervention will consist of speeches at the UN.
Europe I fear that a cell of Islamic terrorists will carry out an at least partially successful attack in one of the major western European countries. This will provoke further illiberal backlash.
France Ségolène Royal will be elected France's first female President, after nearly being knocked out in the first round of voting.
India The big news out of India will be business news - one of the big Bangalore consultancies will launch a bid or merger with an older school American firm. Eg, Wipro will attempt a reverse takeover of IBM.
South Korea Park Geun-hye of the Grand National Party will put lame duck Roo Moon-hyun out of his misery, in something of a co-incidental regional embrace of democratic right wingers.
North Korea In the leadup to presidential elections in the south, North Korea will win further concessions from the South in return for further unsystematic symbolic measures such as joint Olympic teams and family reunions. Work on the cross border railway will also briefly restart.
Iran Iran's nuclear status will be in the news all year, but by the end of it they will neither have nukes, nor suffer military reprisals. It will be mostly jeering and scaring the wits out of neighbours and schizoaffectives.
Iraq Civil war continues in the south and centre. By the end of the year, largest proportion of coalition troops are in Kurdistan, and commentators will start talking about zones of control instead of provinces.
Taiwan Chen Shui-bian's DPP will again bring independence related referenda to the people in the December legislative elections. This time, however, tainted by corruption scandals and divided against itself, the tactic will backfire, and the KMT return to power, while the PRC breathes an ironic sigh of relief.
Thailand Elections will be held for a new parliament under a revised constitution, but the army will not fully relinquish control, under a process observers will describe as flawed.
Turkmenistan The winner of February's single party elections will struggle to establish a power base and be replaced before the end of 2007.
United Kingdom Gordon Brown will become first Lord of the Treasury (PM) instead of merely Chancellor of the Exchequer. In a clever wedge, the Cameron-led Conservative Party will offer increased autonomy to Scotland, but not have the guts to offer a referendum on independence.
United States George W. Bush will to continue improve his golf. Voters will start to wonder what the fuss was about. Another seat on the Supreme Court will become available. Bush will nominate a replacement according to a John Roberts lookalike competition, while the Democrats will wish he nominated Hillary Clinton, to get her out of the way.
Australia will win the Cricket World Cup. New Zealand will win the Rugby World Cup. Pittsburgh will win the Superbowl again. Detroit will win the baseball World Series. Real Madrid will win, um, something. England won't. I stopped caring a few sports ago to be honest. Talk amongst yourselves, fans of lacrosse or whatever.
Britney Spears will marry a pickup truck in Atlantic City. When quizzed on her inanimate hubby, she'll respond "He makes me laugh".
A documentary blockbuster will outgross Spiderman 3, as the current fashion for the New Seriousness continues.
Posh Spice will be mistaken for an Oscar.
Oprah will discover Sufism, making The Tale Of The Four Dervishes an unexpected bestseller.
Literature, Art, Science, Music, And Like, Everything Else, Hey
Isabel Allende will win the Nobel prize for Literature.
Over to you.