CNBC has made a list of some of the most bold predictions from their experts for the year of 2012. Some of these predictions includes the future of some of America's biggest banks and Obama's action on Bush's tax cuts.
Bold, Bolder, Boldest
What's a prediction without a little courage, bravado or risk-taking? Oh yeah, good instincts and analytics also helps. We've culled some 15 brilliant predictions from the dozens offered by our anchors, reporters, editors and bloggers at CNBC. Enjoy and let us us know what you think.
Bank of America Bails on Merrill Lynch
Bank of America flops again about money-raising and puts Merrill Lynch, the world's largest retail brokerage, up for sale, having acquired it in a $48.7 billion stock-swap deal during the height of the financial crisis in 2008. Brokers at Merrill rejoice, and Canadian giants TD Bank Group and RBC Royal Bank take a serious look at acquiring Merrill.
- Gary Kaminsky
Obama's Tax Smackdown
Regardless of whether President Obama wins reelection, he will kill the Bush tax cuts for the wealthy in December 2012. Investors will flock to take advantage of a 15 percent capital gains rate that will go back to 20 percent, dumping profitable assets ahead of the change on Jan. 1, 2013. To compound the economic uncertainty, Congressional leaders will fail, as usual, to agree on measures to avoid automatic spending cuts that will take effect in January 2013.
- Greg Valliere
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