Here are my predictions for week two. Apologies if they are all relatively negative.
Sale of homes and downward pressure on housing.
If the expected number of job cuts coming, possibly 2 million this week, according to Goldman Sachs, then the Federal Government’s help is not going to be enough. Many families have acquired $1MM+ homes that require two salaries to pay the mortgage. If in a month, it is a one-income family, the squeeze will be on. While programs may defer interest or payments, ultimately, the ownership of these homes is not sustainable, and many will come on the market. Also, with the sudden increase in deaths as seen in Italy, States with a large elderly population may see increased housing stock on the market. Thus, I expect values to fall over the next 12 months. Will falling house prices and a large inventory of housing becoming available, construction of new homes will be limited. Also, the effects of this will drive more people to rent rather than buy, which will further change the U.S. homeownership landscape.
Coronavirus: The nail in Globalization’s coffin.
Following on the President’s drive for America first, there is a realization of our dependence on global supply chains for many products, including essential ones, is not sustainable. As manufacturing grows domestically to meet these needs, I think it will be unlikely that post-Covid-19, it will move back offshore. Thus production will become more national. At the same time, so will be consumptions as there will be distrust of foreign products and goods. With increase distrust, I expect global holiday travel to diminish and reversion to domestic trips. With this move, I see the world moving into groups under different spheres of influence, i.e., U.S., European, China, Russia. This will lead to a Cold War 2.0 as there will be distrust and cyber and information war between the key players in these influences. I also see more proxy wars between these spheres in different countries.
The end of the American Leadership Era and Welcome to the Chinese Era.
Following the outbreak in Wuhan, President Xi and the party came under intense criticism for the failure to acknowledge the situation and deal with it. To protect the party’s rule, the main aim of the Chinese government, President Xi has found a scapegoat in President Trump. President Xi’s message, which is gaining lots of traction in China, is a combination of conspiracy theories, facts, and nationalism – an ideal combination. He is claiming that the disease was sent to China by the U.S. (conspiracy theory) and that China took extreme steps and sacrificed to stop it (true). These steps provided the West, chiefly the U.S., with time to protect against it (true). However, the failing U.S. didn’t do anything, and now is blaming China (true). Simultaneously, President Trump and some other populists senators are blaming China for everything, including covering up the Coronavirus, MERS and the Swine flu. While Covid-19 did originate from China and the Chinese government did cover it up initially, the Administration failed to deal with it until it was a crisis even though it received lots of warnings. MERS didn’t arise out of China, and the Swine flu originated out of the U.S. However, as the virus spreads and more countries are in trouble dealing with it, China is sending doctors and medical supplies to these countries, i.e., Italy and Serbia to help them with the crisis. These steps by China will attract more countries into the Chinese sphere of influence. President Trump’s America First Policy reflected in declaring a ban on European travel without notifying the Europeans first, and trying to buy the entire vaccine from a German company will further encourage countries to move towards China. Unless the numbers of cases in China start rising (which they might, and the government may not report), this move to China will grow. While the U.S. will emerge as the wealthiest and most influential country post-Covid-19, its global role may be over, and China’s emergence as the world leader may be guaranteed.
When it is an election year, even the Tea Party is Socialist.
After the Republican party’s condemnation of the Obama Administration spending post-2008, one would have expected more fiscal responsibility. However, the 2017 tax cut showed that to be a pipe dream. Now we are in an election year, and Secretary Mnuchin has pointed out that if the Federal Government does nothing, there could four million unemployed people by the end of April; the Republican Senate has found socialism. We are the verge of possibly $2 trillion or more in fiscal responses to the crisis, which includes bailouts (renamed) and benefits to many corporate interests, and few to the poor, so that these Senators maintain their seats. So much for the Tea Party! The debt hangover from the tax cut and Covid-19 will put the U.S. debt load far above any prior estimates and will be a hangover we will live with for a long time.
A rise in Authoritarianism and the Decline of Democracies.
Hungry has announced that its Justice Minister has sent a bill to Parliament that would:
- Declare State of emergency til the end of 2020;
- Rule by decree;
- Suspend Parliament;
- Ban snap elections/referendums, and
- Punish the spreading of fake news and rumors with up to 5 years in prison.
We can expect all wannabe dictators and many authoritarian regimes to follow suit.
The end of the Mall.
Simon Properties, one of the largest mall owners in the U.S., closed all its malls until the end of the month. With the restrictions growing, more people will shop online or from local smaller shops which are less crowded. There are estimates that once Covid-19 is over, Amazon could account for 12-15% of retail sales. Walmart and Costco maybe the other two players who come out this more robust than they went it. When restrictions are lifted, how many consumers will return to the malls? I am not sure, but I expect this may be the event that killed them.
Increased siloing of communities.
As we move into our social distancing, we are likely to communicate only with those that are like us. This behavior is what we self-select, and Facebook encourages, and we self-select. Furthermore, we are unlikely to meet anyone, unlike ourselves, as the chance of random meetings diminishes. The result of all this will increase the siloing of Americans, which will increase stereotyping and non-acceptance of the “other.” America as the great melting pot may be over.
Development of diagnostic wearables.
There will be significant efforts to improve and produce diagnostic wearables. I would expect this market to take off and be used by governments to limit travelers to their countries before departure by checking to ensure that the passenger has no diseases they don’t want—real-time data vs. the old immunization certificates. Real-time is far superior, and if the data is from wearables, not intrusive.
A rise in Religious Fundamentalism
At a time of great uncertainty and danger, people will turn to something that gives them hope, religion. However, it is a time when there will be a rise in religious fundamentalism as its strict beliefs will be easier to follow and separate us. This will lead to great friction and terrorism.
Recent Posts
Align and Thrive: The Importance of Organizational Alignment and Agility
Discover the importance of organizational alignment and agility in this blog post. Learn how establishing a strong CORE and building a strategy around it can lead to sustainable growth and success. Find out how alignment and agility empower your organization to thrive in an ever-changing business landscape.
How to Achieve Smart Time Management: 10 Tips for Busy Professionals
When you are a busy professional running your own business, it can often feel like there aren’t enough hours in the day to accomplish everything. Being strategic with your time is the best (and possibly the only) way to achieve all of your daily tasks. If you are...
5 Strategic Leadership Skills Every Manager Needs
So often, people view leadership as a talent: you’re either born with this quality or you’re not. However, this is not always the case! In reality, good leadership is made up of skills, and anyone can learn how to improve. Some people may pick up leadership attributes...
How the Sellability Score is Calculated: The Ultimate Guide
Do you have questions about how to calculate your business’s sellability score? Whether you’re looking to sell your business in the near future or years from now, understanding your sellability score will help you thrive. The sellability score identifies the...
The Top 5 Benefits of the Entrepreneurial Operating System
As an entrepreneur running your own business, you know there are bumps in the road and struggles that both you and your business will face over time. However, with the right people and tools at your disposal, you can anticipate what’s coming, plan for it, and continue...
5 Ways to Use Email Automation to Boost Traffic
Every single business in the world wants to evolve and grow. This will happen using a variety of techniques and strategies. In 2022, digital marketing is more than a household name, and most companies will adopt at least a few ideas when long-term planning and coming...
6 Questions To Ask A Potential Business Coach Before Hiring Them
Many entrepreneurs consider executive business coaching when they start struggling on their professional path. A small business coach is an experienced professional mentor who educates, supports, and motivates entrepreneurs. They will listen to your concerns, assess...
3 Ways Proper Long Term Strategic Planning Helps Your Business
Dreams turn into goals when they have a foundation of long-term strategic planning supporting them. They become reality when the ensuing strategic implementation plan is executed properly. With Kaizen Solutions as their strategic planning consultant, small and...
What is a Peer Group, and How Can it Improve Your Career?
If you are a CEO or key executive who has come to a crossroads or crisis in your career, you'll gain valuable insights and solutions from a peer group connection more than anywhere else. But what is a peer group, and how can that statement be made with so much...
Profit and Revenue are Lousy Core Values
As I mentioned last week, I am down with COVID and tired, so spending more time reading rather than working. I read Bill Browder's Freezing Order this weekend, and I highly recommend it. However, at the end of the book, Browder says that oligarchs, autocrats, and...
lisinopril and cough
drinking while on flagyl
zoloft and night sweats
flagyl medicine
lasix aki
when to switch from lasix to torsemide
glucophage yorumlarД±
gabapentin for alcohol withdrawal
how long is gabapentin in your system
fabricant glucophage
zmax zithromax
zithromax dosage strep
gabapentin for sleep and anxiety
how long does it take for amoxicillin to work
can you take lyrica and gabapentin together
does cephalexin become toxic after expiration
cephalexin 500mg 3 times a day pregnant
amoxicillin and birth control how long to wait
escitalopram without insurance
co escitalopram side effects
ciprofloxacin hydrochloride
ciprofloxacin foods to avoid
cephalexin while pregnant
cephalexin for kidney infection
do you take bactrim with food
can you take bactrim on an empty stomach
can you take bactrim on an empty stomach
bactrim how long to work
how long does it take amoxicillin to work on an ear infection in adults
cephalexin for dogs side effects
neurontin picture
gabapentin permanent brain damage
escitalopram oxalate 10 mg tablet
side affects of escitalopram
citalopram addictive
how long does citalopram stay in your system
cozaar runner
depakote levels
compounded ddavp
ddavp medication uses
another name for depakote
price of cozaar
what are the worst side effects of citalopram?
lexapro vs citalopram
cozaar heart rate
depakote and lamictal
valproic acid depakote
cozaar 50 mg tablet
ddavp after pituitary surgery
ddavp iv for diabetes insipidus
simvastatina y ezetimibe
ezetimibe ldl particle size
augmentin strengths
buy diclofenac
what is diclofenac sod ec
augmentin 875-125 mg
diltiazem 24hr er 240 mg cap
cardizem vs diltiazem
wet finger method effexor withdrawal reddit
flomax hytrin
weaning off effexor side effects
what is a flexeril
Hurrah! Finally I got a webpage from where I be able to in fact take helpful information regarding my study and knowledge.
what is flexeril 10mg used for
for how long should i take flomax
nausea with contrave
where to buy allopurinol
allopurinol gout flare up
amitriptyline interactions with alcohol
aripiprazole 30mg india
aripiprazole doses
allergy to aspirin
amitriptyline withdrawal duration
can you take tylenol and aspirin together
side effects celebrex
celebrex vs voltaren
wellbutrin and bupropion
baclofen indications
is baclofen like soma
drinking on augmentin
bupropion and seizures
augmentin amoxicillin
celecoxib generico precio mexico
celecoxib molecular weight
buspirone for cat aggression
ashwagandha height
ashwagandha walgreens
buspirone and blood pressure
celexa 20 mg tablet
how does celexa make you feel at first
actos desleales
actos glyburide
abilify pregnancy category
semaglutide b12
acarbose study
acarbose vidal
8mg semaglutide
generic for abilify
does remeron help you sleep
remeron reviews for anxiety
generic prandin repaglinide
how much robaxin can i take at once
zantac vs protonix
robaxin 500mg street value
repaglinide mody3
what does protonix do
It’s impressive that you are getting ideas from this article as well as from our discussion made here.
remeron 15 mg side effects
synthroid pubmed
synthroid recalls
risk of pancreatitis with sitagliptin
spironolactone sex drive
does spironolactone cause hair loss
nttp sitagliptin
alesse synthroid
synthroid adderall
tamsulosin gebrauchsinformation
tamsulosin and floppy iris
voltaren gel 3%
fluoxetine vs venlafaxine
venlafaxine medication
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?
tizanidine and aleve
brand name of voltaren
what are tizanidine
zyprexa and klonopin
drugs similar to zyprexa
zetia generic release date
zofran air sickness
iv dosage for zofran
wellbutrin sr authorized generic
olanzapine (zyprexa
can wellbutrin expire
is zetia a statin
zyprexa recreational use