I am curious to see how the global economy will be affected by the new leadership/administration we recently elected in the US. Our industry is one greatly impacted by the global economy.
It has been noted by others far more plugged in than me, that although this country has made great inroads in many areas for which we have all benefited, the one class of folks who seem to have been forgotten during the past many years has been the hard-working blue-collar folks, who not only are the backbone of this country, but the backbone of our industry. The recent election winners went to those folks and won their votes. Will the changes to be made by the new administration, focusing on these folks, be changes that will help lift up the global economy? Obviously, the direction the new administration takes will be greatly different than the previous administration. Moving forward, our industry must be observant of and prepared for these changes. However, this is not new to us. During the past several years, we have seen similar such changes throughout the world — the obvious one being the Brexit in Great Britain.
Our industry has taken a slough of punches from the depressed economy through the years. There have been depressed rates and bankruptcies. I expect more consolidations and mergers in the near future.