This is an area where I believe American lives will continue to improve as science and medicine develop better and more cost-effective technologies.ĥ – Reduced Taxes – This is the toughest of all. I am not as positive in this area as I was two years ago so will continue to watch and see if government overreach will hamper business.Ĥ – Technological advancements.
#Mac soared higher than my hopes for the future *ago free#
It is a downside of having a free society that every time we get a new government, the rules can quickly change. At the same time, old regulatory policies are creeping back in threatening to hinder the growth of business. This is a tricky one because Covid policy has introduced new regulations that hinder many businesses, but these are supposedly temporary. Recent market volatility due to potentially rising interest rates show there is some concern here but for the time being it appears capital is still plentiful and relatively cheap.ģ – Reduced Regulation. Since expenses precede revenue growth it is imperative that businesses be able to borrow what they need at reasonable interest rates. This poses a great risk to our future.Ģ- Abundant capital. It is tragic that we have already lost our energy independence and are again unnecessarily dependent on foreign nations. A cheap and reliable source of dependable energy is critical to the growth of a modern industrial nation. This was an enviable position that had been dreamed of for generations and gave us great economic strength. In January 2020 the United States enjoyed energy independence, being a net exporter of oil. So today let me review those five items and see how we are doing.ġ – Energy independence. I mentioned that maintaining those five items would be an important part of continuing our growth cycle. I listed five key reasons why I thought the economy would continue to grow and reward investors in the process. Two years ago, I wrote about our booming economy and my hopes for a strong future.
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