While I was doing some fact finding and observing into politics, economics and etc. A couple of ideas have popped into my head and I’m pleased to reveal to you, what are the top trends in the coming years. But still more trends are coming, so stayed tuned.
The Art Rush: As most baby boomers retires, after the event of the property bubble explodes, government bonds becomes junk bonds, superannuation accounts performs badly, precious metals are overpriced and feared to be in a bubble formation. They want tangle table assets that is a store of value, which never loses in value like stocks, currencies and bonds.
They seek art as a attractive alternative, where they can chose whichever artwork that they personally like regardless of who was the artist. It doesn’t matter if this artist famous or not, it’s the price of artworks that matters the most. If the price of artworks increases the same rate as stocks and it’s not so speculative as the stocks where many investor aren’t really familiar with artworks. It’s a safe asset as most of the baby boomers would think otherwise what else could be a safe asset.
The David Welsh effect: David Welsh the gambling magnate who deep in this retirement recently opened his own gallery called MONA in Tasmania. A private run gallery, that gives Tasmania an edge to rival against Melbourne, Sydney and Brisbane to be the art capital of Australia. Particularly Tasmania is known to be a stress free life state, having a major gallery that will bring growing art hub, as being attractive for local artists to move to Tasmania in search of a place where it’s easier to make a living in art than in other states.
Retro and recycled fashion: When the depression spreads around the world, people without jobs are on tight budgets and still wants to look fabulous to life their spirits up. Rather than going to well known clothes stores for new clothes, they rather go to op shops, salvos or Vinnies to find better bargains than they normally would from well known clothes stores. To those who still has a job and loves to dress like their unemployed counterparts, they would favor retro styled clothes similar to what the recycled stores are selling. Rather than going to recycle stores to avoid being viewed as less fortunate people, they would just shop at the stores that would sell them.
Self managed musicians: The era is over with big bands being signed up with major record labels and managed by many of the music industry’s best managers. Rather than perusing fame and fortune to avoid the down side of fame and following eyes of photographers, when their passion for music is highly regarded and they want to keep their private lives to a minimum. As the ever growing popular use of the internet gives an opportunity for musicians to promote themselves by posting music on Youtube, posting their news on their blog or website, selling their CDs while on tour, sell them on their website or iTunes. Clubs and Hotels loved having these guys in their residency schedule not only the musicians are willing to take up the offer and at least it’s win-win deal on both sides of the coin.
The Golden Rule: Gold reaches a all new record price over $2500 – $3500 per once, as the US dollar crashed leaving the cash holders and the bond holders losing all of its purchasing power regardless how much they have in US dollar assets. As gold is now viewed as real money, this also give a special status to anyone who owns gold, to be viewed as rich, wealthy or ruling elites. Whoever has the gold rules.
Global Bankruptcy: Soaring amounts of debts among citizens, corporations and governments reaches critical levels and at the verge of defaults. As interest rates rises, citizens and corporations are burden with debts that have to be paid back or headed to default. For the governments to adopt budget cuts in the event before declaring bankruptcy as government bonds being down-graded of its ability to pay off debt, as there are two ways to deal with it by either a restructuring of its debts or inflate its way out.
Food stress: Food prices will skyrocketed as the price of oil and production cost goes up due to the monetary policies being implements by the central banks from developed nations such as the Federal Reserve, the Bank of England, The European Central Bank and the Bank of Japan. With further QE programs or just printing money out of thin air, as the value of money goes down and the prices of food goes up. More 30% of the average citizens budget will be spent on food, as the politician will always blame rising food prices on the weather rather than expansion of the governments and the central banks fiscal balance sheet.
China’s mobilised it’s troops overseas: As global instability increase across Africa and South America, china’s economic interests are under threat from hostile takeovers from rebel grounds and nationalist like governments. China’s exhausts all of its options of peacefully to have control of natural resources from overseas to fuel its expanding economy, when before civil unrest occurs and inflation is running out of control, they will go to war against nations who is they described as a threat to its economic interests.
The timing can come to a good time for China where millions of its workforce faces unemployment, the military may be unwilling employer to make up for the shortfall of lost productivity and work that is need to stabilised the Chinese economy during the deepest depression that the world faces.
