Bank predicts collapse of Netflix and solar flare that will cause $2,000,000,000,000 damage

A Danish bank has released a list of predicted events that could completely change the world as we know it in 2019.
Expert analysts at Saxo Bank compiled an ‘Outrageous Predictions’ list detailing how the series of highly unlikely events could affect global finances.
Among its cheery predictions for this year is Labour leader Jeremy Corbyn causing the collapse of the pound after becoming Prime Minister, Netflix stock crashing and a solar storm that will take out satellites across the entire western hemisphere.
Could a solar flare hit Earth this year? (Picture: Getty)
The list, released annually, is meant to be taken lightheartedly – though past predictions have been scarily close to reality.
In 2017, the bank’s analysts said that Bitcoin would surge to $60,000, and then plunge to $1,000 before the cryptocurrency crashed from more than $20,000 to $4,000 per coin.
What made the list this year?
Solar flare creates chaos and inflicts $2 trillion of damage
Analysts say a natural disaster will cause financial damage of at least $2 trillion (around £1,600,800,000,000).
The bank says a solar storm will wipe out satellites across the Western hemisphere and unleash untold chaos on GPS-reliant air and surface travel, logistics and electric power infrastructure.
The most powerful known solar flare was in 1859, named the Carrington Event, when a powerful geomagnetic solar storm caused a solar coronal mass ejection (CME) hit the Earth’s magnetosphere, causing a massive aurora borealis that was seen around the world.
Fancy an i-Car? Saxo reckon Apple will buy Tesla (Picture: Getty)
Apple buys Tesla at $520 per share
Apple will expand its technology empire and attempt to buy electronic car maker Tesla, according to the Danish bank.
It predicts the tech giant will secure funding for the deal at a 40 per cent premium of $520 dollars per share, which is $100 more than the price offered by Elon Musk in a tweet in August when he said he was considering taking Tesla off the stock market and into private ownership.
Prime Minister Jeremy Corbyn sends pound plunging
After two years of Brexit debate, Corbyn will win the general election and his Labour government will introduce ‘old-school’ socialist policies and re-nationalise rail networks, gas and electricity.
Saxo Bank say it will lead to the pound plummeting.
Labour leader Jeremy Corbyn has said he wants another general election (Picture: PA)
Netflix collapses
Netflix has become a global phenomenon and for many, the only way to watch films and TV shows.
But Saxo Bank says in 2019, it is also seen as America’s most debt-ladened corporation facing tough competition from other video streaming services.
Analysts predict stocks in Netflix will collapse as a result.
EU countries domino into debt
Italy’s economic problems spread across banking systems of other European countries, Saxo Bank says.
‘When contagion spreads to France, policymakers understand that the EU faces the abyss,’ analysts predict.
Netflix could collapse, according to Saxo Bank (Picture: Getty)
Germany enters a recession
Saxo says Europe’s strongest economy will be dragged down by the car making industry as it fails to cross over to electric vehicles.
The crown jewel of the German economy, it says, it its car industry at 14% of GDP – but its behind the times when it comes to making the move.
As a result, Germany faces a recession as early as July.
Announcing the list on Twitter, Saxo Bank chief executive Steen Jakobsen said that although the predictions sound scary, there are good reasons to look forward to the year ahead financially.
‘We think that things will change during the course of the year,’ he said.
‘We are very optimistic.’
You can read the Outrageos Predictions for 2019 in full on Saxo Bank’s website.

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