June '21

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Get Ready: Opportunity is Here THE NEXT FEW YEARS WILL BRING SOME OF THE BIGGEST OPPORTUNITIES FOR ECONOMIC EXPANSION IN YEARS B Y D A N A C U R T I S 1 2 G R A P H I C S P R O J U N E 2 0 2 1 G R A P H I C S - P R O. C O M Y ou have probably read or heard a lot about the 10 years between 1920 and 1929 — prohibition, flappers, gangsters. A peri- od of economic prosperity referred to in France as the crazy years, or the golden '20s in Germany, emphasized by social, artistic, and cultur- al dynamism. A period so crazy it could only end in the greatest economic collapse in history on Black Friday in October 1929. Humanity experienced innovations in the fields of transpor- tation, communication, fashion, entertainment, medicine, and infrastructure. The United States and Europe, reeling from the end of World War I, converted their wartime factories to pro- duce consumer goods, and the age of consumption began. There was also something you may be familiar with as you read this, a pandemic that ravaged the world and made everyone stay inside. Fast forward 100 years. We're here again. THE NEW ROARING '20s What's coming (and possibly already here) will make last cen- tury's mythos look like child's play, in my opinion. A combina- tion of stimulus, vaccine distribution, and pent-up demand is going to explode this economy. People want to get out. They want to live their lives again. They will have money to spend. They will have regrets to vanquish. They will have loved ones to avenge. Did I men- tion they have been stuck inside? I predict we will witness a new cultural revolution, technological change, medical breakthroughs, and re-evaluate the ways we communicate with each other. But those are all articles for another day. You came to these pages to talk business. INFLECTION POINT Back in March and April, two important financial figures both made huge predictions about 2021 and beyond. The first was from JP Morgan Chase CEO Jamie Dimon: "I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine, and euphoria around the end of the pandemic, the U.S. economy will likely boom." The second was from the chairman of the Federal Reserve bank, Jerome Powell: "What we're seeing now is really an econ- omy that seems to be much at an inflection point, and that's be- cause of widespread vaccination and strong fiscal support, strong monetary policy support … we feel like we're at a place where the economy's about to start growing much more quickly and job creation (is) coming in much more quickly." That means the fuse has already been lit. The dynamite is about to go off. - al dynamism. A period so crazy it could only end in to these pages to talk business.

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