Goldman Sachs advocates approaching the new year with cautious optimisim.
http://www.guardian.co.uk/business/2011/dec/22/goldman-sachs-forecast-for-2012. The first few months of the new year should be watched carefully.
Then hopefully some degree of growth and recovery in the second part of 2012. Several of Goldman Sachs top exectives have gone on to be secretaries of the United States Treasury and they are generally given more than just a casual ear when they make a pronouncment. Their economists anticipage a contraction in the first half of next year, the anticipated recovery is contingent about stability of the Euro, however, if the Euro stalls, then the field is open to any possiblity. At least one good thing they are projectin is that inflation in the UK should ease. Gold will continue to go up in price, Some US stocks will do well, but watch European banks.
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