In a decade or so, the following can be expected....this is the natural progression of life......the nature's way of bringing about change......with mankind willing to usher in the changes!
20 Major Risks to Global Financial Markets in the Coming Years.
(a) Most people will stop buying cars in a decade-and-a-half (A prediction that 95% of all US
passenger miles traveled will be addressed by fleets, not individuals, by 2030).
(b) People will increase renting of assets (Over buying these) because they will never be sure of
where they would be living a few years hence.
(c) The cost of commute will become the 'next telecom' (Virtually free, that is!).
(d) Most cars will be made from recycled steel, as a result of which, ore companies will go
belly up.
(e) The large steel sector debt will not be able to be returned to banks.
(f) Electric cars, with around 18 moving parts compared with 10,000 for the usual petrol/diesel
driven variety, would accelerate the death of the automobile components industry.
(g) The demise of the auto component industry will affect the global alloys steel sector (Including
ore and ferro alloys).
(h) Oil behemoths will not be able to repay their loans if oil consumption declined (Elimination
unlikely).
(j) Electric vehicles will come with an unlimited warranty which means that after you once buy a
vehicle, you'd not need to buy another, ever.
(k) Oil based economies (Saudi Arabia, Iran, Iraq, Russia, Nigeria etc) will go into a crisis.
(l) Some of the funding coming out of some of these countries (For whatever reasons as one may
infer) will disappear and the world will become a more peaceful place.
(m) Cash-rich automotive lubricant companies will discover that there is nothing to reaaly
lubricate.
(n) 3D printing will even out the wage arbitrage between developed and developing nations.
(p) Robotisation (Artificial Intelligence) will clean out jobs (As it has in the banking sector where
business has grown disproportionately faster than recruitment).
(q) A number of skills will become obsolete (Microsurgery, for instance) because a robot will do
it better.
(r) Renewable energy will kick-start a long term coal decline.
(s) Large coal behemoths employing thousands will file for bankruptcy (Already happening).
(t) Banks will become a concept rather than a place, banks will become more about systems than
people.
(u) The world will move towards deflation arising out of an abundance of money and relatively
limited spending.
(v) The new retirement age may become 30 years (Average).
Tailpiece.
Can't believe it, can you? Well it's a possibility!
20 Major Risks to Global Financial Markets in the Coming Years.
(a) Most people will stop buying cars in a decade-and-a-half (A prediction that 95% of all US
passenger miles traveled will be addressed by fleets, not individuals, by 2030).
(b) People will increase renting of assets (Over buying these) because they will never be sure of
where they would be living a few years hence.
(c) The cost of commute will become the 'next telecom' (Virtually free, that is!).
(d) Most cars will be made from recycled steel, as a result of which, ore companies will go
belly up.
(e) The large steel sector debt will not be able to be returned to banks.
(f) Electric cars, with around 18 moving parts compared with 10,000 for the usual petrol/diesel
driven variety, would accelerate the death of the automobile components industry.
(g) The demise of the auto component industry will affect the global alloys steel sector (Including
ore and ferro alloys).
(h) Oil behemoths will not be able to repay their loans if oil consumption declined (Elimination
unlikely).
(j) Electric vehicles will come with an unlimited warranty which means that after you once buy a
vehicle, you'd not need to buy another, ever.
(k) Oil based economies (Saudi Arabia, Iran, Iraq, Russia, Nigeria etc) will go into a crisis.
(l) Some of the funding coming out of some of these countries (For whatever reasons as one may
infer) will disappear and the world will become a more peaceful place.
(m) Cash-rich automotive lubricant companies will discover that there is nothing to reaaly
lubricate.
(n) 3D printing will even out the wage arbitrage between developed and developing nations.
(p) Robotisation (Artificial Intelligence) will clean out jobs (As it has in the banking sector where
business has grown disproportionately faster than recruitment).
(q) A number of skills will become obsolete (Microsurgery, for instance) because a robot will do
it better.
(r) Renewable energy will kick-start a long term coal decline.
(s) Large coal behemoths employing thousands will file for bankruptcy (Already happening).
(t) Banks will become a concept rather than a place, banks will become more about systems than
people.
(u) The world will move towards deflation arising out of an abundance of money and relatively
limited spending.
(v) The new retirement age may become 30 years (Average).
Tailpiece.
Can't believe it, can you? Well it's a possibility!
No comments:
Post a Comment