It’s no surprise that 2022 has been a year of volatility and change as the world learned how to manage the continued fallout from the pandemic and the necessary changes in workplaces and the labor market it brought about, faced supply chain disruptions and inflation, experienced the implosion of FTX and crypto overall, and dealt with geopolitical turmoil such as Russia’s invasion of Ukraine. Some of these trends will likely continue into 2023, and new challenges and opportunities will emerge as well. Here are some of my predictions — about inflation, recession, the NCAA and NIL, and market trends — for 2023. (While you’re at it, check out my predictions from last year. Not bad!)

Inflation will continue to be a major issue for families and companies going into 2023, but there may be light on the horizon. The Federal Reserve has been aggressively tightening over the span of 2022, and the economic data now demonstrates that it is having a positive effect and is bringing inflation down. However, we are not out of the woods yet. It will be difficult to be as aggressive as the Fed has been without earnings coming down and potentially wages getting hurt.

Although inflation may be easing, rising rates do mean there is a risk of recession in 2023. Hopefully, it will just be a slowdown and not a full-blown recession. However, it’s important to remember that in many regards the middle class has already been in a recession for a long time because of inflation impacting costs for everything from food to housing to transportation. Already, for many families, there’s little discretionary income leftover at the end of the month.

The collapse of FTX and the alleged fraud committed by Sam Bankman-Fried will continue to weigh on crypto. In the short term, it’s time that we retire calling Bankman-Fried “SBF.” He’s not Franklin Delano Roosevelt, and he’s done nothing to deserve being a household acronym. More consequentially, regulators at the SEC and CFTC must step up and take clear, decisive responsibility for crypto. They will be under substantial pressure to better protect investors and eliminate the regulatory vacuum that allowed the situation with FTX to get so out of control. In 2023, I believe regulators will wake up, and they will acknowledge that this was complete fraud and that they need to do a better job at having a digital solution for digital issues.

Market trends shift constantly. The start of 2023 is going to be different from the end. However, there are a few trends that are likely to maintain momentum:

College athletics will continue to struggle with the lack of leadership from the NCAA. The athletics community needs to get its arms around NIL and immediate transfers. We must acknowledge that players are going to be paid, so the real question is whether we can do anything at all to have greater discipline within college athletics. I have two suggestions that could be pursued in 2023:

It’s important to have personal goals as well. I’m putting it on the record here: In 2023, I hope to get to the point where I’m confident enough in my golf game that I’m not afraid to go out on the course with friends and family.

Have 2023 predictions from the boardroom to the gridiron? Share them with me on Twitter at @CoachJoeMoglia!