2024 Predictions on Tech, Business, and the Election

Now, it's time for our predictions, of which we're not ready at all. But go for it, Scott. You start and I'll think of one while you're talking.

Uh, okay. So I'm just randomly picking three, uh, and I can't help but play, um, a geopolitical commentator on television. So, um, I've said this before, I think that the Kingdom of Saudi Arabia and Israel are gonna normalize relations, and I'm, I'm, I'm... I'd like to think that peace and prosperity have a- are gonna have a second chance or new- newfound vigor as the two largest economies normalize relations. I think, I think that President Biden sending these carrier strike forces has ring-fenced the conflict. I think the whole world is coming to the important recognition that you can have empathy for one side, and that doesn't immediately prohibit you from having empathy for the other. And I'm, so I'm, I'm just hopeful that, uh, the normalization of relationships, uh, relations between the Kingdom and Israel will create a lot of economic incentives to maintain something resembling, uh, peace. And I'd also say that it's not possible with the current leadership on either side, but I know it's no longer a conversation. Normalization of, normalization of relations-

Yeah.

... in 2024 between the Kingdom and Israel. I believe that the world's largest tax cut, uh, in history is about to take place in 2024 as the US and China and Chinese relationship, uh, relations thaw. I think there's gonna be a new bear hug. I think that inflation in the United States is an existential threat across not only the United States, but governments are overthrown... If Roe v. Wade is overturned, people are upset about it, but only a small, a very small number of households are actually impacted. Inflation hits people every day, and it's literally the number one cause of why governments are overthrown or, or political parties are thrown out of office. So the US ha- and the West have an inflation problem. China has hit real roadblocks economically.

Mm.

Whether you look at their stock market, some of their biggest real estate, um, companies going out of business. And with a one-party system, if you have economic calamity, you re- you, you tempt or you risk revolution. And I think that while two years ago, they were definitely feeling, um, very emboldened, I think China now recognizes that, uh, their, they cannot take their economic growth for granted. They have had real economic issues the last two years. And the fastest way out of inflation and to renew economic growth across the largest and second-largest economies in the world are for the two to kiss and make up. And the IP and innovation of the US combined with the industrial and manufacturing might of China creates every single product (laughs) in the world for a lower price and a higher quality. And the, that chocolate and peanut butter of 88% of your toys under the Christmas tree, which come from China, being a little less expensive every year, uh, is going to, uh, the incentives are lining up for both parties to put their differences aside and re-embrace each other. So, normalization, or-