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Alongside the reanimation of Cliff Richard and native press reviews about rip-off Christmas grottos, Saxo’s Outrageous Predictions is a December custom that arrives with predictable predictability.
This 12 months’s choice is a little bit bit Black Mirror and various WSJ Opinion pages. Listed here are Saxo’s personal summaries; click on by means of for the element:
With oil at $150, Saudis buy Champions League franchise
Emboldened by surging crude oil costs, Saudi Arabia makes waves on the worldwide stage, as Crown Prince Mohammed bin Salman manages to create a World Champions League, after shopping for the UEFA Champion League franchise.
World hit by major health crisis as obesity drugs make people stop exercising
Because the world embraces GLP-1 weight problems marvel medication, the folks subsequent in line to get a prescription cease caring about weight-reduction plan and exercising, figuring that the drug will later resolve all of their weight-related well being issues.
The end of capitalism in the USA
With the US funds deficit spiraling above 10% of the GDP, the federal government is determined to foster demand for US Treasuries. Below intense strain from the White Home, Congress makes revenue from authorities bonds tax-free.
Generative AI deepfake triggers a national security crisis
After a felony group deploys probably the most misleading AI deepfake ever seen, generative AI turns into a nationwide safety menace. With public mistrust hovering, governments crack down with harsh new legal guidelines, puncturing the AI hype.
Deficit countries form ‘Rome Club’ to negotiate trade terms
To repair the divergence within the world commerce and monetary system, the most important deficit nations unite to barter new world commerce phrases. For surplus nations, the reset of the worldwide financial mannequin is a painful adjustment.
Robert F. Kennedy Jr wins the 2024 US presidential election
As discontent with Biden and Trump rises to fever pitch, Robert F. Kennedy Jr sees his assist rising inexorably within the polls. On November 5, Kennedy wins the US presidential election, ushering in a brand new period in US politics.
Japan’s ‘lucky 7%’ GDP growth rate forces BoJ to abandon yield curve control
Stepping up Japan’s financial transformation in 2024, PM Kishida brings in a bunch of populist insurance policies to spice up home demand. Because the GDP development price hits 7%, the BoJ is compelled to abandons its yield curve management coverage.
Luxury demand plunges as EU goes Robin Hood, introducing wealth tax
As folks get up to how little tax Europe’s billionaires are literally paying, the EU Fee implements a wealth tax of two%. The tax sends shockwaves by means of Europe’s luxurious business, with luxurious large LVMH plunging 40%.
Saxo additionally supplies a summary of how earlier outrageous predictions have turned out. These embody bitcoin’s value popping (2017) and Brexit Brexiting (2015), but in addition a number of stuff that positively didn’t occur. The 2023 selection, for instance, has Emmanuel Macron resigning, the IMF splintering, and the UK calling one other EU referendum, all of which might make for an thrilling December.
After all, the entire level of Saxo’s Outrageous Predictions checklist isn’t to be proper. It’s to generate a little bit of press for a mid-tier Danish financial institution by giving hungover hacks on deadline something easy to write about, which is a convention we’re very completely happy to uphold.