The start of the year is always time for predictions for the year ahead. (And in that spirit, listen to our bold predictions episode out now on the Equity Mates Investing Podcast). Many of these predictions don’t come off, but help us think about the possibilities for the year ahead.
As the great Scott Galloway writes, “if we made 10 predictions that all came true, that wouldn’t be predicting but stating the obvious”.
In the spirit of thinking about what is to come, we enjoyed reading this article speculating on 24 developments that may come over the next 5 years. Some were quite obvious: America’s national debt continues to grow and interest payments start to crowd out discretionary spending, or deepfakes are acknowledged as a major threat to society. Then others we hadn’t thought of: deep sea mining starts and the first underwater human colony is established in the Clarion Clipperton Zone.
We love bold predictions and some of these predictions certainly fit that billing:
- SpaceX going public is the start of a multi-trillion dollar space economy emerging
- Bitcoin hits $250,000 per coin and gold reaches $10,000 per ounce
- America finally embraces nuclear energy
And unfortunately for Australian’s:
- China attacks Joint Defence Facility Pine Gap, located in the middle of Australia, that controls US surveillance satellites in Asia
Obviously, the likelihood of many of these predictions coming true is low. But it is an interesting exercise to think about how the world will change to 2029. And as investors, what countries, industries and technologies we want to be investing in.
This is an excerpt from our Thought Starters email. Once a week we send you 5 interesting articles that have caught our attention, to get you thinking. No spam, we guarantee.