The holiday season tends to be a time for nostalgia and reflection. But as the calendar turns from 2013 to 2014, we will undoubtedly begin looking to the future, making resolutions and pondering the potential for new beginnings that always accompanies a New Year. But why wait to see what 2014 has in store? Foresight is important in finance, so let’s make some predictions for what awaits our wallets in 2014.
Armed with an ability to see into the future, most consumers, analysts and even politicians would all be interested in many of the same things. For example, will the federal government ultimately default on its debt and send consumer interest rates soaring? Will the economy continue its painstaking recovery from the Great Recession or tank once again? Can we expect lucrative rewards and 0% financing offers to stay on the table?