Let me start with two predictions. Firstly that the title ‘2020 Vision’ will be irresistible to all year-ahead
outlooks, no matter what publication or industry you work in. This is why I trademarked the idea many
months ago, and now expect to retire on the proceeds of all the copyright breaches. My second prediction
is that in my industry, bond fortune telling, virtually all of those 2020 outlook pieces will declare that it will
be the year that the ‘bond bubble’ bursts. Maybe they’ll be right this year, after a 30-year streak of ‘sell
bonds’ predictions. But their track record doesn’t suggest they have an edge in the bubble-popping business.