A few assumptions I currently am making

Assumption 1

Sometime in 2011 or early 2012 people are going to start wanting more interest on their US and UK investments. (Maybe similiar to what the greek, irish and portugese have seen in 2010)

Assumption 2

Price of treasuries and gilts will have to come down. (Knowing that the Fed will need to reign in liquidity at some point will become clear and will have everyone front running them. Just like they got front run into buying at astro levels with QE1 and QE2)

Assumption 3

Companies with

a. high levels of debt

b. exposure to drop in treasury prices

c. risky balance sheets

will do badly

Assumption 4

Companies with

a. lots of prime location land or office space

b. low debt level

c. solid balance sheets

will do well

Assumption 5

Inflation will go to high single digits in western economies.