Riding the Dragon: 2012 predictions from Chinese masters

HONG KONG - Want to know what's in store for 2012? Who will win the US election? Will the eurozone implode? China's feng shui masters tackle the big issues with their predictions for the Year of the Dragon.

As Chinese communities around the world prepare to ring in the new year on Monday, astrologers and geomancers are predicting the dragon will bring natural disasters and financial volatility, especially to crisis-hit Europe.

"The world economy will be unstable in the Year of the Dragon, because the economies in Europe and the US are still suffering from the effects of the recession," Hong Kong feng shui master Anthony Cheng says.

Celebrity astrologer Peter So says the United States will provide some good news late in the year, but his charts for Europe make grim reading.

"Europe will not recover so soon - it is expected to suffer at least until 2014. But what I can say is this, a recovery for the US economy is possible in 2013," he says.