Ad9898's 2022 prediction thread :D

AD9898_2

So, what are people's thoughts for us in a decade's time ? 10 years ago we were well into the credit binge, liar loans and poor lending practices that would see our's, the US's and many other countries downfall.

Five years on from 2007 and still things are pretty grim, so what next for our beleaguered economies ? In my opinion the next decade is likely to be pivotal, from the UK's point of view the lack of energy is going to be a huge problem, Norway will be shutting down their gas exports, to save what little they have for themselves, North Sea oil will be all but a distant memory in any meaningful way.

Globally I expect huge problems in the middle east with China on one side and the US on the other. Will there be a war ? Almost certainly, although I think that will be fir the decade after. Africa will suffer hugely as the 'world' once again starts to get larger and aid dries up.

The ever increasing use of tar sands etc will cause ecological disasters as we consume the dwindling supplies of easy energy.

House prices ? They are likely to rise significantly as inflation ravages economies and money printing becomes the norm. However this will be short-lived as eventually law and order will break down (although not in the coming decade)

As the years pass I believe we'll have a kind of 'Mad Max' civilisation for a few decades before a new, less populated world starts to evolve.

StevieJ

Are you one of those fantasy game programmers?

vivatifosi

I don't know about anyone else, but my mortgage should be paid off by then, so I'll be as happy as a pig in clover, even if wages go down and prices go up.

Graham_Devon

All in all, pretty optimistic then AD

vivatifosi

Graham_Devon wrote: »

All in all, pretty optimistic then AD

I love AD, it's like having our own personal Eeyore around.

StevieJ

vivatifosi wrote: »

I don't know about anyone else, but my mortgage should be paid off by then, so I'll be as happy as a pig in clover, even if wages go down and prices go up.

Even if Sauron comes a calling :eek:

treliac

AD and dopester have a lot in common.

Wookster

I predict I won't be visiting this forum in 2022.

AD9898_2

Graham_Devon wrote: »

All in all, pretty optimistic then AD

Lol, of course mate . Seriously, given current evidence I don't think I'll be far wrong, that's not a bad thing, changes aren't permanent but change is. As long as you stay alive it should be fine.

I guess with having no mortgage and not having to worry about house prices, my thoughts have shifted more towards the wider perspective.

HAMISH_MCTAVISH

The next decade is likely to be pivotal.

From the UK's point of view the west of Shetland fields and further deepwater exploration will have given a new lease of life to the UKCS production, there will still be a good decade or more of production left in the North Sea and the rising price of oil will endure we squeeze out every last drop from the myriad of smaller fields yet to be exploited.

Shale gas will have taken off in a huge way here, with similar price reduction and energy security benefits to the US where the price of gas has now fallen to half that of current UK prices.

In addition to the above, carbon capture and storage, offshore wind and tidal, and decommissioning of old oil infrastructure will ensure continued prosperity for Scotland.

Globally I expect continued progression with democracy in the Middle East as the younger generations advance and ruling dynasties look to the future of life after oil, and convert themselves into constitutional monarchies.

The former exporting powerhouses such as China and Germany will be on the way towards economic decline as their demographic problems assert themselves fully.

A reinvigorated UK will be in immense economic growth, and will emerge as the top economy in Europe helped immensely by the progressive and forward thinking immigration and population growth policies of the last decade.

Africa will finally be on it's way towards sustainable economic and social development as the 'world' once again starts to get larger, and discovers Africa is the last undeveloped source of low cost manufacturing thanks to the increasing costs of doing business in Asia as their middle class expands. Africa then undergoes the economic transformation that Asia went through in the last two decades.

The increasing use of tar sands and shale oil will become ever more economically sustainable as better technology and processes decrease extraction costs, meaning a viable replacement for essential uses of oil such as aviation and petrochemical manufacture is assured for another 50 years.

House prices ? They will inevitably rise to previously inconceivable highs in the UK as the critical shortage caused by 2 decades of under-building crashes into massive economic growth and the biggest generation of 30-somethings in history, bigger even than the boomers.

And a new generation of bear cubs will be frequenting house price boards cursing those greedy Generation X and Y oldies for hoarding all the houses.

treliac

HAMISH_MCTAVISH wrote: »

House prices ? They will inevitably rise to previously inconceivable highs in the UK as the critical shortage caused by 2 decades of under-building crashes into massive economic growth and the biggest generation of 30-somethings in history, bigger even than the boomers.

That's absolutely fantastic..... and a grand total of oh about 1% of the population will be able to buy.