The economy has clearly become the primary subject today in America.  It has become so not only because of all the issues discussed in the prior column, but also because it has also become the number one issue for voters in this significant election year.

In the “Forecast for 2008” column on January 9^th of this year I wrote:

“The U.S. Economy will not go into a recession as it has been traditionally defined.  There will be a bumpy ride, particularly in the first six months of the year. The traditional conversation will be an either/or discussion:  will there be a recession …

In my columns of forecasts for 2008 I made clear and distinct predictions about debt, the housing market and the stock market.

Debt

On January 1 I wrote:

“The key economic word for 2007 and even more so for 2008 will be “debt”.  It is debt that is the true economic issue for the individual, the company, the state, the country, the world.  How all of these economic entities deal with debt will be one of the two key economic issues we will face in the coming years.  Energy of course is the other.”

On    in a subsequent detailed column on debt, …

Regular readers know that I have long predicted the current price of oil and that we are now moving through Peak Oil These subjects were included in my “Forecast for 2008″

To quote from that January 9, 2008 column:

“In 2008, gas will, for a period of time reach $4 on the national level. A year ago I predicted that oil would rise above $80. Three months ago I predicted that the price would rise to $100 and that the trading range for oil will be $80 – 125 a barrel for the next year…but there could be several …

As a futurist, I think, speak, and write about the future. A large part of what I do is to make forecasts on the future and what might happen. This forecasting is based upon analysis of trends and the underlying forces and flows that create and shape these trends. The more specific the forecast or the further out the forecast, the higher probability of error in the forecast. When I look 5, 10 or 20 years out I look at the macro forces at play in the world to predict the overarching changes and reorganizations that …