Internationally we have lots to talk about, from potential war with North Korea, reshoring jobs, energy battles, Russians, border issues, I could go on and on. Bottom line is that if your company has involvement with one or more of these issues it is also difficult to move forward without resolution. The timetable on this front is much more uncertain. Any one of these issues could explode in short order which would quickly change everyone’s priorities and by result affect the economy.
While there are plenty of negatives out there things are never one sided. With low interest rates capital is still easily attainable and people can take advantage of the low inflation. Plus manufacturing is starting to come back to the U.S. and if that can take hold the economy could really take off. The low gas prices have made it easier for people and companies to travel, which also applies to airfares. The corporate tax rate and capital gains tax improvements are low hanging fruit that should have bipartisan support and be picked any day now. All the while technology moves faster and faster eliminating jobs yet making companies more profitable and able to withstand the uncertainty better than before. Retail is transforming before our eyes and the grocery sector is next. Industries and companies are appearing and disappearing at a record pace. All in all a very exciting, transformational, uncertain and crazy summer indeed, economically and otherwise. These changes could also spell out interesting shifts within the commercial real estate market, optimistically so. As always thanks for reading and have a great day.