By Alan Beaulieu on May 19, 2020 10:10:50 AM
Your future financial well-being hangs in the balance.
There is a perspective that says one of the consequences of the COVID-19 pandemic is sustained economic Depression for years and years to come, and that will be the new norm. ITR’s perspective is that recovery & growth are probable. The strategic plans required by the former are radically different than those required by the latter.
COVID-19, unprofitable oil prices, extreme government responses, horrific economic data, and unintended consequences make seeing into the future more precarious than ever at a time when a measure of clarity is imperative. We will look at the most up-to-date, forward-looking data to discern where we are going and what the near-term indications are for the economy.
There will be significant unintended consequences of the COVID-19 pandemic and more specifically the government’s responses to the pandemic. We will discuss what we see as probable consequences and how they will potentially impact our businesses.
We will also examine why we think these consequences do not accelerate the timeline of the circa-2030’s Great Depression we are forecasting. We think this is very important because it would be ruinous for our businesses and our personal finances if we prepared for a depression today and missed out on the economic opportunities over the next 10 years.