The predictions for this Year of the Dragon are fairly lengthy, so we will post them in two parts. This Part 1 looks at the economy and the presidential election in the United States. Part 2 considers other matters that may be important in the coming year.
The Chinese (Oriental, lunar) New Year begins on February 10, 2024. Based upon a progression of years moving in a 12-year cycle – each year associated with a particular animal – this is the Year of the Dragon. The most recent Dragon year was 12 years ago, in 2012. Each year is also associated with one of the five elements – wood, fire, earth, metal and water – and this is going to be a wood year. It is the Year of the Wood Dragon. Combining those two cycles, one sees that the Year of the Wood Dragon repeats every 60 years (12 x 5). The most recent Year of the Wood Dragon was 1964.
What will this new year bring? That is always an interesting question. In this post we will make some predictions, and then see what really happens. These predictions are not based on astrology or psychic abilities; they are based on analyzing cycles. Assuming that there is a basis for the cycles that are recognized in Chinese astrology, it should be possible to look at what has occurred in similar past years and extrapolate what may be coming in the future. That is the approach we are taking here.
You may wonder how accurate this method of predicting has been. Well, the track record is pretty good. Last year – the Year of the Rabbit – began with almost every economist and pundit predicting a recession and a bad year for the stock market. Looking at the cycles, though, we said that there would not be a recession and that the Dow Jones Industrial Average could reach an all-time high. Both of those things came to pass.
We also warned that Turkey and Ecuador were prone to major earthquakes. Well a devastating earthquake, measuring 7.7 on the Richter scale, struck in Turkey only days after the Year of the Rabbit began, causing some 60,000 deaths and incredible damage. Only a month later, a strong earthquake measuring 6.8 was experienced in Ecuador. It caused extensive damage, but only a few deaths.
Other predictions were also accurate, but we should turn now to the predictions for the coming year. Here is an executive summary of all the predictions:
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