MOSCOW, December 5 Danish Saxo Bank has published ten “sensational predictions” for 2024 in a forecast called “The End of the Road.”
“Our shocking predictions for 2024 show how the world is approaching the end of the ‘old normal’ and how new technologies are solving old problems while creating new, perhaps more dangerous, dilemmas,” the publication says.
One of the most important forecasts for next year was the “refusal of capitalism” in the United States due to unreasonable economic policies. According to experts, Washington is forced to constantly increase budget spending ahead of the 2024 elections to support the economy and avoid social unrest.
«In a desperate attempt to normalize borrowing costs, the US government is exempting income from taxes from government bonds,” analysts say. In their opinion, this measure marks the end of capitalism. “Money is moving from private corporations to the state, and ownership of riskier assets is becoming increasingly expensive,” explains Saxo Bank.
The reduction in borrowing costs will dampen social unrest, but the move will be followed by “a long period of nationalization and government intervention in critical industries.”
Experts expect Robert Kennedy Jr. to win the 2024 US presidential election.
“His populist platform against warmongering Democrats and corporate elites resonates with disaffected traditional Democratic supporters and Trump supporters alike,” the forecast said.
This will happen against the background of the spread of the recession and the weakening of party candidates in the United States, the bank believes. “The public attributes Biden’s mismanagement of the geopolitical situation in Ukraine and the Middle East to rising prices for oil, basic goods and rents,” the analysts explained. As for Trump, they believe his support will wane due to the candidate's narcissism.
Saxo Bank believes a new political era in the US is beginning with a sharp shift away from plutocracy as voters demand a an end to inequality, injustice in society and eternal wars.
In addition, the bank warns of two global crises in 2024. One of them will be associated with deepfakes generated by artificial intelligence, the second — with the obesity epidemic.
Experts also predict an increase in oil prices to $150 per barrel, thanks to which Saudi Arabia will buy the right to host the Champions League from UEFA.
Saxo Bank publishes “shock predictions” every year, which mainly concern a series of unlikely and underestimated events that could cause a powerful “shock wave” in financial markets.
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