Americans, in their second decade of the century, are amassing consumer debt as never before. Per the New York Federal Reserve: “Household Debt and Credit Developments in 2020Q41Aggregate household debt balances increased by $206 billion in the fourth quarter of 2020, a1.4% rise from 2020Q3, and now stand at $14.56 trillion.” Assuming, for discussion, a U.S. population in 2021 of approximately 332,000,000 Americans, evidences a average of $43,855.00 owed to others. The well-written report states that consumer debt has climbed further since Coronavirus {CV19} was recognized as a pandemic in the United States.
It appears to we, in International Business, America’s next financial downturn will be more severe than in Circa 2008. In fact, there are several Over-the-Horizon issues that may establish our thought as reality. Number One: CV19 iterations will be around for a long time, medical experts proclaim. If so, business practices will be constricted as a result, one might surmise. Number Two: Historically hegemonic American leadership, now empowered, through the “Silent Coup d’Etat” of November, 2020, will engage in military forays, outside of U.S. boundaries. [We can think of one country, nearby, that has been looked at with a laviscious economic-eye, since 1953-1954, by some personages in the District of Columbia]. Number Three: Many of us, in America and abroad, when comparing the new President, against his earlier self, see significant decline of his mental faculties as well as his physical prowess. As a career politician, he had visibility second to none, over the decades; his decline is obvious even to a blind man. The gentleman’s historical preferences for hegemonic American activities [he has NEVER declined a fight or to engage in warfare somewhere on the planet, by American Agencies or Departments]. To allow the ‘Nuclear Football’ to remain under his control is asinine at best. We think Amendment XXV should be employed prior to a “Medical Emergency” occurring. This action would benefit and ensure the continued existence of: the Gentleman, the Americans, and the World. His constitutionally-stated replacement, much younger, and ‘sharper’ would be better for world harmony, many others think. We shall see what we shall see.
As Americans accumulate greater debt, as the New York Federal Reserve reports, we have our definite thoughts of where financial gains will be made following a crash. As the three aforementioned observations may impact the American economy perversely, real insight and skill will be demanded to ‘shore up’ the foundations of the ‘Strong Homes Built On Debt Quick-Sand’.
To the Wise: Our abilities, evaluations, Global Knowledge, skill-sets, and thoughts are available for hire. There are two aspects to Wealth: Creating It; and, Retaining it. We can help you with both. Contact us, by Fax or E-Mail, on your corporate letter-head, to discuss your needs.
Reality: The proud Conure sits smug, on a strong branch, as it looks down, high above the forest canopy, until it realizes a snake slithering closely towards it.
Reference: https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/hhdc_2020q4.pdf
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