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U.S. ECONOMY
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GLOBAL ECONOMY
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FUTURE TRENDS
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WHAT’S REALLY GOING ON
“The U.S. economy remains almost comatose. The slump already ranks as the longest period of sustained weakness since the Depression. The economy is staggering under many “structural” burdens; they represent once-in-a-lifetime dislocations that will take years to work out. These include the jobs drought, the debt hangover, the banking collapse, the real estate depression, the health care cost explosion and the runaway federal deficit.” This sums it up, but we have been there before! The quote above is from Time Magazine, September 1992. In 1972, the Dow Jones Industrial was below 3400—the beginning of an eight-year run to 10,940.
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The economy’s biggest headwind is uncertainty. Poisonous political partisanship in Washington keeps any true economic recovery from being a reality. 
In the last 20 years, the global economy has produced three billion new capitalists with a voracious appetite for consumer products. Asia one of the strongest engines for global economic growth. Europe struggles to define itself. Latin America witnesses the birth of a middle class, and agriculturally rich Canada is perfectly positioned.
The velocity of change is accelerating due to globalization, demographics and technology. When these forces interact, massive changes or tectonic shifts occur that create a visceral new reality. We will confront new ethical dilemmas, new technology inventions that should be commercialized, and unprecedented bio research that will most assuredly alter our lives.
From Time Magazine:
