Friedman claims a verified prediction accuracy rate over fourteen years of 71%, including nearly 100% with Oscar predictions and political predictions.

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For example, in my report I rate the speech recognition prediction as partially correct.

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My central prediction is that currency and interest rate swings will make for a tricky international economy in 2005.

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That mistaken prediction pushed Orlando's rental vacancy rate to 23.6 percent in the fourth quarter of 2010, second only to Dayton, Ohio, among the nation's 75 largest metropolitan areas surveyed by the U.S. Census Department.

MSN: Orlando, Las Vegas top the list of emptiest U.S. cities

That is a relatively optimistic prediction, for it would merely return the bankruptcy rate close to its long-term average after an abnormally trouble-free period, and it assumes only a mild recession in America.

ECONOMIST: Bankruptcies in America

The nine-member committee, which sets interest rates, sees the exchange rate falling over the next two years, but warns of uncertainty surrounding this prediction.

BBC: Sterling strength tames inflation