1. According to Forbes, consumer spending should rebound in 2016 as a result of lower energy costs, and labor market growth. If consumer confidence can increase as anticipated, this increased spending could fuel economic growth.
Increased economic growth influences every sector of the economy, so this increase in confidence should affect any active participant in the American economy. Since all facets of the economy will be positively affected by the economic growth, this should be an easy opportunity for business owners as well as consumers to identify and exploit.
This opportunity is, as mentioned, simple to identify; there is concrete evidence that spending growth has not increased to match improved household cash flows, and this discrepancy will likely shrink back to the norm.
2. Also according to Forbes, rising interest rates in the United States and stable rates overseas will drive the dollar higher. However, international expectations may be unrealistic because Europe resists aggressive monetary intrusions and Japanese policy has become more cautious.
From what I've learned in my Finance classes, it sounds like this state of affairs will be beneficial for American business owners and investors, since the strength of the dollar will help them compete in the international markets.
3. In response to the subprime crisis of recent memory, President Obama introduced a series of regulations that addresses consumer protection, executive pay, and bank financial cushions.
Additionally, this protects tax payers from financial penalties caused by firm investors. As a result, there is an opportunity for consumers to act with greater freedom and trust towards the economy. This opportunity applies primarily to American consumers, but also expands to other multinational firms who now have more faith in the economy.
4. In England, there is a sugar tax being imposed on "fizzy drinks," according to the volume of sugar-sweetened drinks that they import. There will be two bans, one for 5g per 100 mL, and a higher one for 8g per 100 mL. This tax was championed by the health community via a petition.
This presents an opportunity for anyone who can offer alternative products, or for current business owners to offset the tax and increase their client base.
Great look at different opportunities both globally and nationally. There's a lot of opportunities here of various types. But what kind of steps can people take to use these opportunities? What kind of investments and business transactions will the rising interest rate and stable rates incite?
ReplyDeleteBrandon, I also read about the consumer spending increasing in 2016. This is a great opportunity for the economy to grow and to start building itself again. With consumers spending more money, I hope this is a sign of the country turing around as a whole and the rate of unemployment going down. Good post and interesting opportunities.
ReplyDeleteBrandon, I also read about the consumer spending increasing in 2016. This is a great opportunity for the economy to grow and to start building itself again. With consumers spending more money, I hope this is a sign of the country turing around as a whole and the rate of unemployment going down. Good post and interesting opportunities.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteYou did a great job expanding on issues both nationally and globally. I think it's important to look at the opportunities that exist all over and on an even bigger scale. America has opportunities ahead of them in foreign markets which can be a great advantage. I also like that you included some that are more specific to some that are more broad. For example the one about the ban on sugar in the fizzy drinks which is a more specific market! It's good to be informed and also to be able to think like an entrepreneur.
ReplyDelete