The Impact of Bubbles – Week 3

Positive Force – Gen Y and the Millennials:

As economic growth from the 2017 Tax Reform law occurs in the USA, it will compound with numerous ripple effects. Having never seen anything other than an “almost recession” economy, Gen Y and the Millennials are about to have an amazing experience.

Both generations have struggled mightily due to the Great Recession and the miserable economy operating perennially at a recession pace of growth. The so called “Sharing Economy” reflects their experience of “no jobs, no money, miserable future”.

As the U.S. economy actually experiences robust economic growth, Gen Y and the Millennials will find it easier to obtain a job and enjoy having an income. As a result of stellar economic growth, their household income will continue to increase, which will filter through the economy (as they buy more goods and services). As the largest generation of Americans, as they actually start setting up households purchasing everything from houses, cars, baby furniture, baby food, and baby supplies, etc., watch the American economy become unleashed and simply boom.

It is critical to remember that land is the source of all wealth. Every product that we humans consume originates with land. Not all tracts of land are equal in quality and portfolio management requires every investor to hold some cash for liquidity. But historically, long term the best investment is land.