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Bloomberg: Wien Sees Oil Falling to $85, S&P Topping 1,400, Jan. 3, 2012
Blackstone Group LP (BX)’s Byron Wien, whose prediction for the U.S. economy and stock market in 2011 proved too optimistic, said oil will slip to $85 a barrel this year and the Standard & Poor’s 500 Index will exceed 1,400.
U.S. economic growth will top 3 percent while the nation’s unemployment rate will drop below 8 percent, Wien, chairman of Blackstone’s advisory services unit, said in his annual “10 Surprises” list published since 1986. Stock indexes in China, India and Brazil will rally at least 15 percent, he said. read more on Bloomberg
Keywords: US Economy, Global Economy, "10 Surprises List", Byron Wien
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