next year you should make a follow up, where you reflect on your predictions
There should be a cup: ten economists and ten astrologers. Whichever team makes the most correct predictions will win the cup for a year.
Noone can predict the future, least of all economists. ๐ Jokes aside, great video.
Prediction: Developed countries that have the lowest cost electricity production will be by far the most successful over the next 25 years.
Inflation came back down to earth, but prices certainly didn't. And that's the one thing everyone talking about that issue seems to forget. Just because prices aren't going up at an insane pace doesn't suddenly mean things are affordable now.
Thank you for the video!
I love your last prediction. Being humble and understanding the difficulty of making accurate predictions is something that most YouTubers donโt do. I appreciate your honesty and youโre being humble.
I've never really thought of "austerity" as reduced spending and/or tax increases. In practice, it's often used to refer to reduced spending and tax cuts for the wealthy.
Respect for including #6
"Nobody can predict the future, least of all economists" ๐ค Feels like I've heard that before ๐
I understand where all your predictions are coming from (as you eloquently explained them) and they all leave me with the feeling that we need to accept the death of the modern economic system and start rebuilding before it is too late.
Would love to see an analysis on Brazil. GDP is growing at more than 3% and unemployment is low. On the other hand, the nominal deficits amount to ~10% of GDP and the government bonds are paying from 8 to 10% real interest rates.
Predictions are worth gold for future historians. It's a quick springboard into that years trends and mentality. This needs to be archived!
2:10 This is true for all people over 75 regardless of ethnicity
Id love to see a reflection at the end of 2025 to see how and why your predictions panned out. I wish more forecasters did that. Its super intresting.
Well, being wrong about prediction 2 made prediction 3 instantly right ๐
It's refreshing to hear a more rational take on AI. I know I just posted an AI related video so I'm calling the kettle black on that one... but aside from simple little tasks and the outright entertainment value (which is more or less where I'm at), there hasn't been much practical advancements in AI quite yet.
While the last prediction is good for manufacturers of EVโs, the overall economic impact is not that great. However as a Segway its possible 2025 will see us deploying green energy, including nuclear, in a far more efficient manner. That would have a major economic impact. I also suspect energy costs as a whole may drop, driving by increased oil and gas production. That would have an ever greater positive economic impact. But the debt issue is a major one and i suspect that dealing with that may well cause significant political disruption.
i thought i had a few healthy decades to go - but my parents didn't and suddenly i'm a carer. Do it now, don't wait for their heart attack / etc (not that i wish it on anyone etc but rather, it's not just what happens to you that upends your life)
@MoneyMacro