In terms of where I think 2021 is going with the market, just sort of reflecting on 2020… 2020, I think, was a shock. It was a big surprise for a lot of people. It was, you know, we’ve heard the words unprecedented times, many times now. And then it sort of normalized. And then governments kicked in with their responses.
In different countries it’s been handled differently. So New Zealand, Australia, for example, went for an elimination thing. They put up subsidies to help businesses out. And we’re in a housing boom. It seems, you know, unusual, but I think that’s because people got sick of living in their house, and they wanted change. And also, they probably never want to go back to work in a city.
I’ve had the first of my normal friends resign from his job last week, because he just can’t go back to work in the city. That’s what they require him to do. And he doesn’t want to do it, because he’s had a taste of the other side. So it seems like it’s okay. But I think we’re way off vaccination rollouts and being able to travel. In Australia, it’s going to take a while.
I think in other countries, they’re still struggling with rampant COVID, like India, and the Philippines and South America and parts of Europe. And the USA is having, still, quite a lot of sort of relapse. So I think it’s just going to drag on a little longer than people think.
And if inflation starts, if interest rates start going up, I think we’re going to see a big change. Banks will be under pressure, I think there will be potential for later in 2021 to be some more disruption, a little bit of uncertainty. So if you’re selling online education products, then I think you’re in a good part of the market. If you had commercial real estate in the city, in the CBD, then I think that would be a bad place to be.
Now, of course, no one knows. There’s no accurate prediction, unless you’re in touch with angels, or you have a very accurate crystal ball. So I don’t know. But I do know, the online play is a good place to be. It was last year, and it is in 2021. And I think we’re not going to get to more opened up holidays, trade shows, travel and stuff till 2022, is most likely. So I think we’ve got a period where we’re still adjusting. But I think there’ll be more of a reconciliation of reality over the rest of this year. And that means we might be in for another round of difficult times, because it just seems too exuberant.
For my life, I just don’t understand why it’s there. But you know, there’s probably much smarter, richer, cleverer people than I am who have better reasoning. But I am in touch with people in many different countries. I know a lot of people in the United States who have had COVID, for example. I could say absolutely everywhere in the Philippines is being affected and India is being affected. So it’s still washing through the system. And I just think it’s going to be a while till we travel. And it’s going to take a while to get going.
So let’s say I think we’ve got at least another year to a year and a half till we start to get back to some of the things we were doing before, at least even in Australia. The rest of the world, who knows, but I’d say just keep focusing on what worked for you and adjust as it goes, as it happens.
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