Why Most Post-Crisis Predictions Will Be Totally Wrong - Deepstash

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Why Most Post-Crisis Predictions Will Be Totally Wrong

marker.medium.com

The Feature Presentation of 2020

Throughout history, the most significant and world-changing events emerge in a low-key manner, without warning. 2020 has one such event.

While a global pandemic is unfolding right before our eyes, there is a rush of predictions regarding the changes in our professional and personal lives, ...

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  • During 9/11, it was predicted that the event will permanently alter our sense of irony. In reality, 9/11 caused massive changes in air travel norms.

  • At the time of the 2009 financial crisis, Time Magazine declared that conspicuous consumption is now over. In...

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Predictions are inherently inaccurate because in the time horizon of 10 to 12 years many other things happen which cannot be foreseen, and which cause all kinds of good and bad effects. Speculation is useful and starts interesting discussions (like death rate predictions and economic consequences...

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