Program for July 21
A Peek at Our Economic Future
Joe Aaron is an Economic Futurist. A futurist identifies trends in society, and an economic futurist attempts to anticipate the economic impact of those trends. Trends identify themselves through exponential growth, not linear. The most common example of exponential growth is Moore’s Law named after the co-founder of Intel Corporation.
The two trends that will impact our economy the most over the next 10 to 15 years are the Electric Vehicle (EV) and the Autonomous Vehicle (AV). Together they will add two trillion dollars to our GDP, They will drive the Internal Combustion Engine (ICE) into extinction and cause oil to retreat 20% from a “Peak Demand” of 100 million barrels a day before the end of the next decade.
Joe Aaron started his professional career by serving ten years as an FBI Agent in New York City and San Francisco. He then entered the financial services business as a stockbroker, became a money manager and spent his last ten years as a hedge fund manager.