The trend of energy transition is to bring the marginal cost of energy globally to zero. Alternative sources and even current large fossil fuel companies may lead –and profit –from this shift.
This requires a massive capex exercise, a need to readjust the infrastructure grid and needing old energy before new energy becomes ubiquitous.
There is a huge debt and multipolar implications, where Europe is the epicenter.
Emergence of competing centers of growth and productivity will shift the epicenters of wealth accumulation from the U.S. Dollar and U.S. Financial Assets.
We believe that the productivity gains realized as result of applying rigorous scientific discovery, along with the technology tools developed for other industries, provides the step function needed to galvanize the Health & Wellness Trends. Coupling the new innovations with readily available and cheap funding led to a substantial amount of investment and malinvestment in the sector. A classic bull market emerged in the sector – both in the private and public markets.
Higher nominal, and real rates for an extended period raise the cost of capital and limit one’s ability to raise capital quickly.
Accordingly, families and institutions will need to adjust and refocus their liquidity needs, duration of investments and diversification across asset classes.
Add to this the ever-increasing difficulty to on-board and administer clients across jurisdictions, favors those who have access to properly regulated entities or structures in different jurisdictions.
The world is evolving from Web 1.0 to Web 2.0 and is moving towards Web 3.0.
Digital transformation is at the core of these technological shifts. It starts and ends with the end-user. It is about reimagining the business; modifying and creating new business processes or customer experiences to meet
changing business landscapes, market requirements, and social and cultural emerging patterns.
