When The Levee Breaks

What would be in your "emergency preparedness kit" and why?  Governments around the world have recently been publishing "emergency preparedness" bulletins. Why?   What type of emergency scares us the most?   Are our governments hinting at problems to come? Or are they simply being proactive and dutiful in helping the citizenry?   If the former, what are some of the possibilities?   Are their recommendations for preparedness really sufficient?  What would be in your "emergency preparedness kit" and why?   In this week's Trading Perspectives, John Norris and Chris Cooper discuss government emergency preparedness recommendations, exploring potential threats to critical infrastructure, the importance of being prepared and whether current guidelines are sufficient.

Are we at a historic inflection point when public dissatisfaction with the status quo and ruling establishment leads to societal change?   In 2020, the U.S. seemed to have its "summer of discontent." In 2026, Europe seems to be having its "autumn of discontent." Are they related? If so, how?  The protests in France supposedly started over the poor conditions in public schools and seem to have morphed into something else. Was that just the excuse to get things started?  Protests have also spread to other European countries, all with their own lists of grievances. Do the protesters have a point?   What will it take for protests in the U.S. to topple public institutions and even the current system?  In this week's Trading Perspectives, John Norris and Chris Cooper discuss recent unrest in Europe and the United States, exploring public dissatisfaction, economic expectations and whether growing discontent could signal broader societal change.

The costs of experiences seem to be rising at an exponential rate. Can the average consumer still afford to have fun?   The cost of seeing a movie in the theater has increased significantly over the years. Is a night at the theater still worth it?     The cost of seeing a live music concert can be astronomical. Who's buying the tickets, and why have costs climbed so dramatically?  Sporting events are increasingly expensive. Have they become a luxury, and is there any end in sight?  High-end restaurants are all the rage. Where are younger consumers finding the money to dine out so often?  Despite all the geopolitical turmoil and higher airfares, Americans are continuing to travel internationally. Why?   In this week's Trading Perspectives, John Norris and Chris Cooper discuss how the price of movies, concerts, sporting events, restaurants and travel has changed over the years and what it says about consumer behavior today.

How much emphasis do employers put on an undergraduate degree and the institution that issued it?   Has the sticker price of a college education changed the way students choose their schools and majors?  How much emphasis do employers place on majors, GPAs and the prestige of applicants' undergraduate schools?  Is this the same for graduate schools as well?   With advancements in AI potentially impacting entry-level work, what roles will recent graduates eventually fill? Are we overpaying for outdated career paths? What is the future of higher education in the U.S.? Will all of these schools survive?   In this week's Trading Perspectives, John Norris and Chris Cooper discuss the changing economics of higher education and what a college degree is worth in today's job market. 

Homeownership, financial security and a better life for future generations have long defined the American Dream. But are those goals becoming harder to reach? What was the American Dream to previous generations? Were they able to achieve this?  What is the American Dream for/to today's younger generations? Are they able to achieve this?  What are some of the major difference between previous definitions of the American Dream and today's?    What is keeping young people from achieving the American Dream? Is it imagined or reality?    What, if anything, can be done to ensure the potential for the American Dream is available to everyone?   In this week's Trading Perspectives, John Norris and Chris Cooper discuss the growing gap between expectations and reality for younger Americans, what's contributing to the shift and whether the American Dream remains within reach.

Debt has become so embedded and normalized, even encouraged, that people aren't just taking loans for big things anymore. They are financing everything because they can.  Having credit card balances while still spending normally has become the norm.  In the age of influencers on social media, people feel pressure to own certain things, live a certain lifestyle.  Are we using debt as an effective tool or has it become a parasitic dependency?  When did debt become as commonplace as it is? Has it always been this way or was there a watershed event?  Are this explosion in debt and upside down household balance sheets the new normal? Is it even sustainable?  In this week's Trading Perspectives, Sam Clement and John Norris discuss how debt became a way of life for so many Americans, what's driving the trend and whether our growing reliance on borrowing is ultimately sustainable. 

Investment in new technologies and the necessary infrastructure to support them is helping to fuel the economy. Is this a good or bad long-term development?  Why are so many businesses building data centers?  Why is electricity, not chips, becoming the biggest constraint?  Who really wins economically: utilities, construction, industrials, regional economies, tech tycoons, or someone else?  What is the environmental impact of data centers?  In this week's Trading Perspectives, Sam Clement and John Norris discuss the AI-driven data center boom, its impact on energy demand and economic development and what it could mean for the future. 

The housing market has been relatively depressed. However, a new home seems to be out of the reach for many Americans.   Higher interest rates have been an impediment to the housing market, as they make monthly mortgage payments that much more expensive. The inventory of lower-priced or entry level homes isn't great enough for the demand, arguably keeping prices higher. The old real estate agents' mantra holds true: "location, location, location." Between economic conditions and local laws, the housing market can be very localized. What impact will reduced levels of immigration ultimately have on the housing market? On rents in general? What impact will the lack of housing affordability have on longer-term wealth creation?

Have investors moved on from the conflict in Iran? What would it take for it to matter again? Have markets already priced out the Iran risk? What has the market's reaction taught us about investor psychology? What would force investors to pay attention again? Are markets being complacent or correctly assessing the risks? Has the "buy the dip" mentality become so entrenched that geopolitical shocks no longer scare investors? What is the biggest takeaway from the conflict for investors? In this week's Trading Perspectives, Sam Clement and John Norris discuss why investors have largely looked past the Iran conflict, how markets have responded to geopolitical uncertainty, and what it would take for the conflict to meaningfully affect the economy and financial markets.

The World Cup is a massive global undertaking every 4 years. Is it really worth it?    The World Cup will bring fans in from all over the globe. What do you think will impress them the most, both good and bad? The prices for World Cup tickets, especially for 'key games and/or games,' is objectively high. Is the most popular sport in the world available only to the rich?   Economic consultants estimate the tournament could generate billions in economic activity. How reliable are some of the more optimistic predictions? The World Cup might be great for host cities, but how much will it impact the rest of the United States? Will the average Joe in Fargo benefit? Who will ultimately win, and how well will the Americans do? In this week's Trading Perspectives, Sam Clement and John Norris discuss the economic implications of the 2026 FIFA World Cup, including its effects on host cities, local businesses, tourism and the broader U.S. economy.