2 Economic Opportunities based on the current Economy Trends
- My first Opportunity related to an Economic trend is the current cryptocurrency bubble. At the end of 2017 cryptocurrencies, such as bitcoin, XPR and Ethereum, skyrocket to never before seen heights. I realized this economic oppurtunity from this article posted by cnbc “https://www.cnbc.com/2017/12/24/once-the-cryptocurrency-bubble-bursts-there-may-be-real-innovation.html.” This article describes how cryptocurrencies , for example bitcoin, skyrocketed to prices never thought possible, but because of investor Irrational exuberance and hype, it did. I believe this article shows an economic opportunity because it shows how the cryptocurrency madness shed light on the possibilities of the future international monetary system, how when cryptocurrencies bubble burst it can be a time to invest when prices recede and why cryptocurrencies are the currency of the future. I believe the customers that are most likely to use this economic opportunity are investors that wait until the bubble bursts, price drops dramatically and re-access which cryptocurrencies will be the future currency. I believe this economic opportunity can be achieved if the investor accesses each cryptocurrency , waits until the bubble burst and price drops, and chooses the crypto currency with the most chances to make a profit based on their economic trends and data. While some people believe that cryptocurrencies bubble will burst and completely go out of business, I believe that this madness in price inflation has caused the world to see it could be the currency of the future if done right. Looking back in history, the currency has evolved with the times, from trading objects to gold and silver, to national monetary currencies, and I believe eventually our generation will transition into cryptocurrencies.
- The second Economic Opportunity I found is the increase in demand for specialized sales representatives , especially for booming tech companies. In today's market, Technology industries are booming while manufacturing and industrial industries are falling behind. This article http://reports.weforum.org/future-of-jobs-2016/employment-trends/ , showed me how the current economic trends will shape the job market for the upcoming future. It describes how specialized Jobs in technology , engineering and media specialist will be more in demand, but this technology threatens office,manufacturing and industrial Jobs. This article shows that there is an economic opportunity for the next generation of students who are studying to be either engineers, or specialized tech sales representatives. All of these tech companies will need sales representatives to have specialized knowledge on their products, and be able to sell them to specialized clients. The most likely people to be able to take advantage of this economic opportunity are students who specialize in studying in the engineering or tech field, or business students that specialize in technology. I believe this Economic opportunity is fairly difficult to achieve because of the requirements to study this difficult subject at a good university to be able to compete for these in demand Jobs. I saw this economic opportunity when researching about the future of jobs by industry based on the current economic trends.
- The first Economic Trend that I saw because of a change in regulation is the future marijuana Industry in the United States. California, Colorado and Massachusetts are some of the first states to legalize recreational marijuana, and they have all seen huge tax profits because of it. I found this article, https://www.forbes.com/sites/debraborchardt/2016/12/26/here-are-the-top-2017-predictions-for-the-marijuana-industry/#5b610c422ad8, that showed me why the future of the marijuana industry is bright. This article shows how the marijuana industry in Canada is booming in Canada after being nationally legalized, the revenue from marijuana taxes that states who have legalized marijuana are receiving, and how society is starting to allow marijuana usage . It shows how the NFL is likely to take marijuana of its ban drugged list, how their will be a main stream show about marijuana and how California will be the capital of the marijuana industry. This article also shows that although, their is some resistance from the trump administration, marijuana will eventually be nationally recognized. I believe the people that will take advantage of this economic opportunity are investors investing in marijuana stocks, marijuana entrepreneurs and specialist in marijuana agriculture. I believe in this economic opportunity because I see no way of marijuana not being eventually legalized, the potential market demand and examples of booming marijuana industries in countries which have legalized it.
- The second economic trend I found based on change in regulation is based off the economic sanctions,that the trump administration has put in place, that encourages companies to manufacture their products in the United States. This article by White House gov, https://www.whitehouse.gov/briefings-statements/president-donald-j-trumps-economic-policies-delivering-american-workers/, shows how the current Trump administration is helping working Americans make more money. This article shows that the tax cuts that Trump has given to Businesses has helped American workers, and how his sanctions on companies that produce their products outside of the United States has increased manufacturing Jobs. I believe their is an economic opportunity for un specialized workers and unemployed people to find manufacturing Jobs and receive better wages. I believe companies that produce their products nationally can also benefit from the sanctions placed on products made outside of the United States. This opportunity is the easiest to achieve because of the increase in un specialized Jobs by the sanctions approved by the trump administration.
I thought that your article for your second economic trend was really interesting to read. I think that Trump encouraging companies to manufacture their own products in the United States is an awesome idea to save money as well as create more jobs. With more people having the opportunity to get jobs, the unemployment rate is declining as well as poverty in America. To go along with your article on sales representatives, I also think it is a good idea having people that are specialized and actually know what they are talking about sell products. There are so many cases where people do not purchase certain items because the person selling it does not know what they are doing.
ReplyDeleteI am going to have to agree with all of the points you brought up in your post. The first economic trend you have in your post is similar to one I have in mine. With the current bearish trend we are seeing in the crypto market, it is currently a very opportunistic time to get into crytpos with very little risk. Next, I found your take on the new marijuana industry very interesting. I did not even think about this when deciding on what to write about in this post. That industry does indeed provide a great opportunity as there is much room for growth going forward.
ReplyDeleteI think it's an important skill to be able to analyse and evaluate coming trends as they can as you mentioned, impact job industries, currencies, and our lifestyle. I see you're interested in technology like me and also see the boom in cryptocurrency, and engineering. I implore you to continue looking out for trends that could shape the industry.
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