THE CEO’s BLOG
It was bad enough after 9/11 in 2001.
It was bad enough after the housing crash in 2007-2009
It was bad enough when Obama became President in 2009
It was bad enough during the pandemic that began March 2020
It was bad enough when Trump and his supporters rioted the capital in 2021
It was bad enough when Russia invaded Ukraine in March 2022
It was bad enough when U.S. inflation hit 8.5% in July 2022
It was bad enough when the FED increased interest rates and continues to do so creating one of the worst bear markets in history
It was bad enough when… (what will be next, recession in 2023?)
It is one thing to count on the Lions losing close games and just about all games.
It is one thing to count on the Spartans losing games even when paying their head coach $95M over 10 years.
With mid-term elections just a few weeks away, can we count on the election results being correct?
The new world order is here and right now we are in the early stages of the first Economic World War. The players include the U.S., China, Russia, U.K., Europe and this war could last through 2026.
We are witnessing worldwide power struggles unlike since WWII. The U.S. Dollar is wreaking havoc on just about every economy outside the U.S. The Euro is below $1.00 U.S. for the first time and the pound touched below $1.00 last week. It’s great for Americans traveling to the U.K. and Europe as prices have never been lower. But for U.S. manufacturers who ship internationally, they are being devastated and one reason profits are down and going down even more.
You have China which is going to give its Premier a lifetime membership later this month and at the same time, seen his country continue to sink lower and lower economically and socially.
You have Russia who has a dictator that will not accept defeat and will continue the war for as long as it takes even if his army is no more (he is now recruiting 300,000 citizens into the army). This will affect the cost of energy and food while the war continues and keep inflation high while Europe is wondering how it is going to keep warm this winter. In fact, many countries are telling their citizens to buy wood stoves and firewood which is the most inefficient source of heat. So much for the Green Deal.
You have the U.K. with a new prime minister that wants to cut taxes while inflation is raging at record levels.
You have the new Italian prime minister which is as right as you can get but at least understands the situation her country is in today.
And finally, you have the U.S. which is the best spot in the world and the envy of every citizen not living in the U.S. But with the recent hurricane, drought situation in the west, mortgage rates approaching 7% and inflation still over 7%, life is not a cake-walk. Even Mickey Mouse has raised the cost of attending his parks so much that many can no longer afford to visit to the ire of loyal fans.
So here we are in the last quarter of 2022 thinking that after the pandemic life would get back to normal. HA! The only thing normal is all of Detroit’s sport teams still losing. And the fans continuing to support them.
As we prepare for Halloween, Thanksgiving and Christmas, 2023 happens to be right around the corner. Ready or not, here it comes and what if 2022 turns out be a great year compared to 2023? YIKES! Everyone is predicting a recession next year and then we have to wait until the end of 2024 to see who our next President is going to be. That is a long time in-between for shit to happen.
What can we do to prepare for the inevitable? Well, if you haven’t prepared by now, forget it. It is too late. And for the issues in front of us, what can we individually do to help change the outcome? Pretty much nothing.
Here is my strategy for the rest of the year and into 2023: Optimism. I say fuck the pessimists. What have the pessimists done for you lately? It is no wonder mental health is at the lowest level in the U.S. in history.
Optimism is the only solution to the current bullshit. How do you stay optimistic? Drive by any hospital and think about how lucky that you are not inside. Look at the number of beggars on the street corners and on the sidewalks and think about how lucky that is not you. Think about that more than half of Americans are on some sort of social welfare and how lucky you are that you are not.
Optimism is mostly about that you get to do things in life and that you don’t have to do things in life. You get to work out, you get to go to work, you get to go raise money for charity, you get to enjoy the sunshine when the sun is out and you get to decide what you want to watch on TV (or better yet, not turning the TV on and flipping open a book).
In the meantime, all is good at TNG and we are ready to tackle anything that comes our way. Check out our website to see the latest new products (my next blog will focus on them). When it comes to survival of the fittest, only the fittest will win.
©2019 Larry Gaynor. All rights reserved.