After Record Breaking Growth
The U.S. is in its 122nd consecutive month of economic expansion, surpassing the record of 120 consecutive months achieved from 1991-2001.
Although American markets continue to prosper, we’re keeping an eye on the rest of the world as global uncertainties have prompted a wave of slowdowns that may soon hit our shores.
Here’s what we’re watching, as we head into the year-end … and into a full year of electioneering:
- Trade Wars. With this administration’s explosive trade policies escalating instability and tensions with China and other partners, tariffs and levies can tank the global economy. As threats and intimidation guide our international economic policy, confidence and investment are at risk.
- Brexit. With Boris Johnson’s hard line of Brexit “no matter what,” we are braced for the chaos to come.
- Iran, North Korea, Russia. These political and cultural wild cards are each capable of inflicting major global disruption, such as cyber-attacks and/or unchecked geopolitical aggression. With State Department staffing at low levels, can the U.S. deescalate these potentially catastrophic challenges through diplomacy? We’re not sure. In addition, this administration’s rhetoric against European allies and friends may further weaken our ability to respond to an unexpected global military crisis.
Although the U.S. has been a bit insulated from global economic softening, it would be a mistake to think it’s not going to happen here. Will it hit before the 2020 election? That’s anyone’s guess, but we advise caution.
Cycles are inevitable. We’ve built a 30-year business on the ability to anticipate and recalibrate for the next economic cycle. As such, we have focused several of our business platforms to respond to the aging of America and the needs and services of that huge demographic. That’s our broad-brush strategy to prosper during this next cycle.
If you are involved in a Family Office that is dealing with real estate operational issues and its own strategic growth, we invite you to contact Douglas Wilson at 619-641-1141.