Why Most Post-Crisis Predictions Will Be Totally Wrong

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, and if we go by history, most of these predictions will be inaccurate.

• 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 reality, the economy made record gains after the 2009 dip.

• Many others also predicted a long-term reluctance to spend. In reality, global sales of luxury items show an upward trend in the last 20 years.

• Carmakers slashed production of SUVs, a symbol of excess, and just a ‘bubble’ according to an expert. In reality, Carmakers are slashing sedan production due to the high demand for SUVs.