The future is inherently unpredictable, even in the most predictable of times. But here I am, as I do nearly each year, reading some of the best reports, analyzing consensus numbers, listening to well-known thought leaders and reading the tea leaves in an attempt to predict what will happen in the real assets universe next year — despite these being less than predictable times. In fact, it’s not a stretch to call 2025 the year of uncertainty and chaos. My first prediction, and probably the only one I’d be willing to bet on, is that uncertainty and chaos will continue into 2026.
IT’S ALL ABOUT THE ECONOMY
As James Carville so famously said, “It’s the economy, stupid!” That was true when Bill Clinton was running for president, and it’s still true today. Whether you are investing in private real estate, REITs, listed infrastructure, commodities or some other real assets, the economy is the ultimate driver of everything. So, what are the ma
