4th January 2023 Digital Bytes

Predictions for 2023 and which articles in 2022 where most popular

 ‘Permacrisis’ - the Collins Dictionary word of the year 2022

This ought to be of no surprise, given all that has happened in 2022, that 'permacrisis' - “a word describing an extended period of instability and insecurity” - has been chosen as the Collins Dictionary's ‘word of the year’. Just as the world was recovering from the ravages of COVID-19 and mountains of debt incurred, Russia’s invasion of Ukraine has added to the turmoil in the equity, debt and commodity markets during 2022. As for cryptocurrencies, ‘permacrisis’ seems to be a particularly apt way to describe 2022 for the many crypto investors who have seen the market capitalisation of cryptos fall from $3trillion to under $1trillion in this last year.

Predictions for 2023

·      inflation is not going to retreat quickly

The financial excess of the last 14 years cannot be hastily unwound and there is still far too much excess cash pushing up prices. Commodity prices have fuelled inflationary pressure so forcing up interest rate…