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October 17, 2019 | Resource Constraints Driving Unrest and Evolution

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

The Euro and British Pound as well as stock futures are higher this morning, as traders leap on another headline that the UK has come to an agreement with the EU on the UK’s orderly exist from the European Union.  The ‘deal’ now goes to a vote in the UK parliament on Saturday.    As we explained in our June 2016 client letter available here, the Brexit vote is one chapter in a much larger story.  This video report, gives a good refresher.

Like China-US trade negotiations, BREXIT resolution has been a major hope of those dreaming about an endless economic expansion this cycle.  But in many ways, both are just symptoms of a growing malaise around peak debt, credit contraction, aging demographics, rising protectionism, immigration fears, deglobalization and old industries and policies now in necessary transition.

Global resource constraints are growing and the ability to consume is shrinking in the west; agreements on how to divide what’s left will not change that.  Improving prosperity now depends on greater efficiency, less waste, doing more with less.

Creative destruction is underway on a massive scale globally, and the process is messy and unsettling, even while it is understandable, essential, evolutionary and full of opportunity.

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October 17th, 2019

Posted In: Juggling Dynamite

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