Experts agree it’s going to be a new world once the U.S. emerges from the current economic slump. But what will that look like?
The past once was a good predictor of the future. No more. Patterns and preferences of all sorts are shifting in economics, housing, infrastructure, culture and demographics. The question when trying to predict the future is which of those patterns are “cyclical recessionary impacts” and which are “underlying seismic shifts” that will continue indefinitely, said James Chung, president of Reach Advisors, Slingerlands, N.Y.