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The Worst Predictions About 2008

Just about everybody got wrong-footed by 2008, but some people's mistakes were truly spectacular
Spencer Platt/Getty Images

Editor's note: This new version of the "10 worst predictions about 2008" changes three of the 10 based on feedback from online readers and BusinessWeek editors. CNBC's Jim Cramer and President Bush are still on the list, but with different predictions. Author Shelby Steele is off the list, replaced by a pair of BusinessWeek writers.

Here are some of the worst predictions that were made about 2008. Savor them—a crop like this doesn't come along every year.