Holding gold? Better load up since it may hit $3,000 next year. Work in private equity? Get out now before a new tax regime arrives. As for 2% inflation? Not in this “war economy.”

These are among Saxo Bank’s self-described “outrageous” predictions for the year ahead, which the Danish bank says will see policymakers shift into a full defensive posture. In this episode of Merryn Talks Money, Saxo Bank Chief Investment Officer Steen Jakobsen argues some projections are less outlandish than the moniker suggests. China and India probably won’t ditch the dollar and the International Monetary Fund, Steen says, but the “underlying micro-trend is actually what’s going on.”

More of Saxo Bank’s “outrageous” predictions:

• French President Emmanuel Macron retires from politics after bypassing lawmakers to carry out reforms. He realizes his long-time dream of establishing a start-up.
• Advanced economies impose price controls and rationing as inflation persists, globalization runs in reverse and underlying issues including energy supply are left unresolved.
• Britain’s Labour Party takes power in the third quarter after Prime Minister Rishi Sunak caves and calls an election. An “UnBrexit” referendum on Nov. 1 yields a win for the ReJoin camp.
• OECD countries seeking to shore up revenues agree to a full ban on tax havens including the Cayman Islands, Bermuda and the Bahamas. That jolts private equity and venture capital, slashing valuations of some publicly-listed firms.​​​​​​

--With assistance from Sommer Saadi.

This article was provided by Bloomberg News.