The Next Economic Boom
If you want to know what industry will power the next U.S. economy, follow the money. Where are investors really looking? And where is research and experimentation really happening?
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Abraxas Discala, is CEO of the Broadsmoore Group, a financial advisory and investment firm founded in 2009. He sees the future the same way many urbanists and mayors see it: It’s all about alternative energy. “The Internet bubble was the last real boom. The next boom is alternative energy, getting away from our need on OPEC oil,” he said. “I think it could be five or six times what the tech boom was.” China’s overwhelming investment in solar energy in the last five years has been formidable, Discala said. But solar is a long term bet that isn’t guaranteed to take off.
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