Economic and Financial Predictions for 2023 (why is there a picture of a Dinosaur?)

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This is not investment advice — but you had better be prepared.

Everything below is conjecture. This is not investment advice. Consult an investment advisor.

2022 — Where did it all go wrong?

As we near the end of 2022 the papers will be looking back at the year and wondering “Where did it all go wrong?”

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Global Warming — The final Straw?

Adding to all this gloom is the news that climatologists were not sufficiently alarmist. Global warming is speeding up. Carbon dioxide levels have reached the “point of no return”. Due to global warming plant life is dying faster. Less oxygen is being produced. Decaying plants in turn produce CO2 which causes even more heat, creating an unstoppable vicious circle, killing more plant life. We’re all going to fry.

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Late 2022 — Winter

Nobody can say for sure how long we’ve got. Furthermore, it’s winter. It’s cold outside. Most people just don’t believe it’s serious. Most of the rest just don’t care. They can’t do anything about it. Until they are actually cooked, it’s not relevant news. Their life goes on as normal. It’s like telling a smoker about lung cancer. Until he gets it, he doesn’t care.

Stocks don’t care if we are all going to die

Despite the ever growing list of bad news, stock markets are rallying from their lows in the summer of 2022. Everyone is trading like crazy.

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2023 predictions

As I said at the start of this blog, everything I write is conjecture. It may, or may not, happen. The exact opposite may happen. Some of the below is serious, some is “tongue-in cheek”, and is not to be taken too seriously. Enjoy!

Stock Markets 2023

After an awful year in 2022, global stocks are on the mend. Nasdaq soars as technology, Artificial Intelligence and robotics stocks lead the way.

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Tesla 2023

Tesla has renamed itself as “AI” short for “Artificial Intelligence”.

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Twitter 2023

Twitter announces a paid news subscription service which promises to only have genuine news tweets.

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Meta Inc 2023

Meta, formerly Facebook, announces the creation of Meta-World. It’s a virtual reality world where companies can host conferences, run trade shows, open shops and do just about anything you can do in the real world. Meta-World say it already hosts 400 of the world’s largest cities, and says that many more are to come.

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Breton Woods 2

After a top level meeting in Davos, dubbed as “Bretton Woods 2”, the UK, USA and Europe announce the introduction of digital currencies, known as “Central Bank Digital Currencies”, or “CBDC”s. The CBDCs are to be direct liabilities of the respective central banks, and will be pegged 1:1 to the respective national currencies. Use of the CBDCs will become mandatory by 2025.

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Debt Restructuring 2023

The World Bank and the IMF say the introduction of the CBDCs should be used as an opportunity for debt-restructuring.

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Inflation 2023

The price of just about everything is higher. US inflation is predicted to reach 15%.

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UK Petrol Crisis 2023

The price of petrol hits a new record in the UK as many petrol stations run out of fuel. People are queueing outside those petrol stations which are still open.

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Interest Rates 2023

In early 2023, despite the ongoing recession, inflation is still rising. The Federal Reserve continues raising interest rates in a series of 75bps moves. US interest rates reach levels not seen in 15 years. House prices continue tanking as mortgage rates rise.

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Property 2023

By the the summer of 2023 property prices have stopped falling. Autumn sees a sharp resurgence. Properties in northern countries are rising fastest, as people seek refuge from the heat waves.

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Media

The FT and Wall Street Journal try to paint a balanced point of view about the world, the economy and stock markets. Nobody cares. Who reads papers anyway? We want our news in Tweet-sized snippets.

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YouTube 2023

A world-famous American YouTuber is arrested in London on an international arrest warrant issued by the USA for alleged tax evasion. It’s alleged that he didn’t declare the hundreds of millions he raised from his “cult-like” followers who were expecting to receive shares of a new crypto-currency. It seems that he was living a lavish life style, on other people’s money.

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Pandemics 2023

MonkeyPox, (now colloquially known as the “Kissing disease”), which was initially declared as “nothing to worry about” is now affecting millions of people. Travel restrictions, mask wearing, social distancing and other measures are back in place.

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Donald Trump

The ex-president catches Covid for the third time and survives.

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Employment 2023

Productivity continues sinking as employees are reluctant to return to work after trying “work-at-home” schemes where they watched Netflix all day. Employees are now treating lockdowns as holidays.

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Alien Life 2023

Scientists operating the James Web Space Telescope say they have found evidence that there could be life on Proxima Centuri B, just 4.2 light years from earth.

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Dinosaurs caught on Camera (beyond 2023).

Nobody thought it would ever be possible to go back in time. But here we are, watching videos of pre-historic earth, and looking at real dinosaurs. Scientists have decoded the signal being received from the Sombrero galaxy. They are broadcasting video of our planet as it existed 80 million years ago with detail that no technology on earth could match. Unfortunately for mankind the video is frequently interrupted by advertisements for Sombrero galaxy miracle products that aren’t available in our shops.

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