“I am struck by how unrealistic many of these predictions are.” (comment)
recommended by 1 user | 2021 | morpheos137 on: Ask HN: Predictions for 2021? | aged well | predictions | original thread |
morpheos137 on Jan 1, 2021 | on: Ask HN: Predictions for 2021? | view on HN

I am struck by how unrealistic many of these predictions are. My personal take, response.

* Accelerating inflation perhaps leading high single digits low double digits in the next several years.

* Stocks continue to rise as a function of inflation.

* Unemployment measured by workforce participation rate stays high or increases.

* Full self drivering cars are no closer.

* 50% chance of Bitcoin crash like in 2018, 50% chance of further price appreciation but I think $100,000 is absurd for a commodity that has close to zero intrinsic value...

* Major urban areas see falling rents as WFH continues.

* Silicon Valley loses some of its prominence as a function of WFH but I doubt a wholesale shift could happen in a year.

* 50 % chance of major social unrest in the USA as Trump diehards refuse to accept Biden.

* Tech advertising bubble begins to collapse. Tech bubble begins to collapse by year end. AI, self-driving vehicles discredited.

* Amazon reduces its own shipping service as a money loser increases use of UPS and USPS.

* Subscription web services (rather than ad funded) services begin to emerge.

* Reddit continues to decline in quality but no clear alternative emerges.

* Open source, distributed alternative to Facebook emerges, or linked-in subscription based competition.

* 25% chance major world leader dies

* 25% - 33% chance of major armed conflict, especially involving China.

* 20% chance of well attested "alien" contact.

* 20% chance of second novel pandemic in addition to Covid-19

* 20% chance of extra solar "asteroid" like Oumuamua

* >50% chance of Middle East Peace agreement between Arabs and Israel

* Large chance of abnormal oil price volatility.

* Brexit results in deep recession in UK, Boris Johnson is out.

One user recommended this comment. What they said:
AYBABTME Jan 2, 2022 | on: HN Predictions for 2021 (2020) | context | aged well

morpheos137 did a bit too well https://news.ycombinator.com/item?id=25608034