Presidential candidate Bloomberg? Nope. Russia invading the Ukraine? Hardly. Foreign Policy takes a look back at the worst predictions of the year:
- A stabilized banking system: Shortly after Henry Paulson forecast stability on Wall Street, Citigroup’s stock price dropped 75% and closed below $5 for the first time since 1994.
- Oil reaches $150-$200 per barrel: A renowned Goldman Sachs analyst predicted high oil prices only months before they dropped by more than $100.
- William Kristol predicts Clinton nomination: “Barack Obama is not going to beat Hillary Clinton in a single Democratic primary." Rumor has it, the New York Times is seeking to replace him.
- Kenyan election sets example for Africa: The Economist touted Kenya's election process, soon before it sparked fraud and rioting that left more than 800 dead.
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