The Danish investment bank also ‘expects’ Robert F. Kennedy Jr. to take the Oval Office in 2024
Saxo Bank has revealed its annual list of “outrageous” events that are unlikely to happen, but could send shock waves across global markets if they came true.
The tongue-in-cheek outlook created by analysts at the Copenhagen-based investment bank explores how the world would navigate a “dangerously unpredictable future,” including powerful technological advancements.
US heralds the end of capitalism with tax-free government bonds
The US could be forced to increase fiscal spending to keep the economy going and trying to avoid social unrest amid the presidential elections scheduled for November 2024. Demand for US treasuries will remain sluggish due to inflationary pressures and foreigners repatriating capital. In order to normalise borrowing costs, Washington will make income from government bonds tax-free.
Robert F. Kennedy Jr. wins the 2024 US presidential election
The US presidential elections will be won by a third-party candidate, Robert F. Kennedy Jr., starting a new political era in the country. That would mark a dramatic pivot away from plutocracy amid voters’ demands for reduced inequality and injustice, as well as for the end of forever wars.
World hit by major health crisis as obesity drugs make people stop exercising
A global health crisis will erupt as taking obesity drugs makes people stop exercising and increases consumption of junk food. Saxo sees the crisis lifting demand for processed food, with McDonald’s and Coca-Cola stock prices outperforming broader markets by 60% each.
Luxury sector plunges as EU goes Robin Hood
The EU will introduce a wealth tax of 2% in an effort to find more funding for various policy goals. The move will drag Europe’s luxury sector down, with such giants as LVMH or Porsche plunging 40%.
Generative AI deepfake triggers a national security crisis
Generative artificial intelligence is projected to turn into a national security threat following a daring AI deepfake heist against a high-ranking official in an unnamed developed state. Saxo experts say the deepfake-related challenge will force governments to introduce new laws, allowing only a small group of entities to spread public news.