Why not put out my guesses along with the Conventional Wisdom (CW) for various topics. Each topic will have a blog post with detailed information and source links.
China – Slow to recover after reopening with mass COVID infections. Recovery will take into 3rd and 4th Quarter.
- Unlocked society after 3 years in late December ’22
- No country opened faster and with so little planning
- CW: Recover quickly in three months – at end of 1st quarter
- I disagree, think recovery will take longer
- Recovery from the trauma will take more time
US Federal Government Leadership –
- CW: Gridlock is the usual, just moved to US House: I agree
- Third year of presidency is usually flat economically
US Stock and Bond Markets –
- Stocks largely unpredictable – movement based on crowd psychology
- Though based on numeric market fundamentals
- I need to explore data modeling of
- Crowd psychology and market fundamentals
- Best guess: -5% to -10% return for year
- CW: Stock Market is largely unpredictable
US Federal Bank – will move interest rates up more, US will have a slight recession around 3rd quarter
- CW: Rich will have a recession, not affect working and middle class as much
- Wall Street (stocks and bonds) more affected
- Myself: Inflation is taking a bite out of everyone
- Recession Shape
- I need to explore interactions between Baby Boomers, Gen X & Z
- Affecting recession and US real estate values
- Shortage of Workers
- Why? What is the effect of the mass inflow of immigrants?
- I need to explore US census & employment data
- Think answer is in Baby Boomers retiring with Gen X & Z getting older
Technology –
- ChatGPT – CW: The Next Big Thing? Or will we wait?
- How will it be used? Unknown, TBD
- I need to learn
- Cookie-less online advertising and marketing still being developed
- CW: Which company/app will dominate? Google, Meta et al addressing
- I need to learn
- US 5G Service – CW: Did not turn out to be The Next Big Thing
- More stable and widely available 4G level speeds
- My observation: More short video streaming instead of text on news sites
- US Federal Gov. funding for chip manufacturers
- CW: National security issue: shoring up existing industry
- What about all the satellites launched last year?
- My curiosity – haven’t heard recent update
- What about iLot mentioned in press 2017-2019
- My curiosity – haven’t heard recent update
European Union – All points are CW: Surprisingly resilient as standard of living drops
- Jump in energy costs for all EU countries, w/Ukraine war
- Surprisingly well received by citizens
- Helped with fast reactions by EU governments
- Other choice being: more steps towards war w/Russia
Interesting ‘Winners’ of the Ukraine war – All points are CW
- India and China are purchasing the inexpensive ($60US/barrel) Russian oil exports
- So their economies are getting a boost
- Where EU economies are getting depressed
- Globalization is slowing down –
- Countries with more complete economies better positioned
That’s about it for my observations and a few predictions.