What’s the new normal? There is no same old road or things the way they used to be.

Major Meltdowns.

For an entire decade jobless rates are higher

Like the great Depression,

Robert Reich, omnis depress and great recession parallels.

Money went to people at the top

1928

and 2007

the richest 1% where taking home 1/4 of the money! when the economy was suffering.

It is going to mean higher taxes for rich.

economy depends on the middle class, those who spend.

huge tax cuts for the rich and it didn’t trickle down

35% taxes could go to 40%

Henry Ford had the right idea

Fashion Week just ended. Getting anyone to buy anything, it is very hard. Cost

6 out of 10 are spending less

major casualty is housing

high quality modular homes

blu in Springfield Mass.

mora mccarthy spend $250k vs 600k$

Homes fold up.

expects 30 this year then 60 next and multiples after that

aftermath

350k solar panels outside of phoenix, can power 6,000

Rob Gillete First Solar fast solar company,

2.6 billion in revenue makes and installs and manages solar systems

Harrisburg Ohio, 1200 employees

The new normal is hard times

10 years from now we will be more resilient and will be able to take advantage of things to come.