Episode 21

Looking back on 2025, it’s tempting to think it was just another noisy year that blurred into the background. But once you slow down and actually line up the events, a very different picture emerges. Conflict intensified, political power shifted, markets absorbed shocks that once would have caused panic, and several long-running assumptions about global leadership were quietly challenged.

This episode is our annual predictions review, where Paul puts last year’s calls back on the table and we assess how they actually played out. We walk through economic growth, inflation, interest rates, housing, global markets, geopolitics, and asset prices. You’ll have to tune in to find out how he did.

From there, Paul lays out his 2026 predictions, explaining how the forces that defined 2025 are likely to evolve rather than disappear. We talk about rising geopolitical tension, the shifting balance between the U.S. and China, ongoing conflict risk, and what all of this could mean for growth, inflation, and markets in the year ahead. It’s less about bold claims and more about understanding the range of scenarios we’re walking into and why 2026 may not look like a repeat of the year we’ve just left behind.