This has been a very difficult past 12 months for me. It’s not just the losses from the oil markets cratering like that. The other issue is that I am looking around, now 6 years since the end of the last recession, and I just cannot quite figure out what comes next.
I usually have a pretty good handle on which way the wind is blowing. Some sort of overarching theme about what the next 5 years have in store for them. That thesis was the emergence of an American oil powerhouse that shattered old regimes. And that has sort of played out, albeit not like I expected.
But what else is going on? European countries seem keen on not burning down EU administrative buildings, which is what it would take to really break up that bureaucracy, seeing how no party in Europe appears to have the balls to hold referendums. But you can’t necessarily bet on Europe either. In my 401K, I’ve been nibbling on European indices and mutual funds since at least 2011, but there’s nothing in particular I would invest in. Nothing worthy of iBankCoin.
And what else is happening? Technology continues to undergo a multi-decade of fast paced evolution. The thing about evolution; it’s a violent, messy process. Not conducive to buy and hold at all. The consumers get rich with wonderful goods while the investors get ground to bits by emerging players and turnover. There’s only a few walls in that village, and they have a high premium attached.
My biggest reservation is that I once mapped out frequencies of recession in America, and we are fast coming due for one.
So what are your thoughts? What will the second half of this decade bring?If you enjoy the content at iBankCoin, please follow us on Twitter