In this episode of the Managing Uncertainty Podcast, Bryghtpath Principal & Chief Executive Bryan Strawser takes an informal look forward to 2020 and the potential risks that are just around the corner.

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Episode Transcript

Bryan Strawser: Hello and welcome to the Managing Uncertainty podcast. This is Bryan Strawser, principal and chief executive here at Bryghtpath and this is our final episode for 2019. I’m recording this on Monday, December 30th you’re going to hear this later in the day. I am running solo today as it’s quite a snowfall going on here in the twin cities of Minneapolis and Saint Paul, Minnesota. But I wanted to take a moment and just provide a little bit of a look ahead to 2020. I believe we’re going to do a more formal kind of preview of the coming year with both Bray and I. But I wanted to hit on a couple of things that are on our mind as we turn the calendar here in a couple of days to 2020 and wrap up the decade of the 2010s and look forward to the decade of the 2020s.

Bryan Strawser: The first thing that is on my mind as we head into 2020 is that here in the United States at least this is a presidential election year. In addition to that, all of the United States Congress is up for election along with a third of the United States senate. So this is going to bring all of the inherent politics that come along with a situation in a calendar year like this, a presidential election year. I think it’s also, just given that our society has become more and more partisan and certainly has become, I think, a little more rancorous with the current presidents and they both support and opposition for President Trump’s policies, that’s going to be a pretty pivotal issue in the news and how businesses and individuals react in the year to come.

Bryan Strawser: The second and one that we’ve talked about frequently on our BryghtCast podcast and in previous episodes, in previous reviews that we’ve done of coming years, and talking about the top global risks, is that we appear to have come to the final decision when it comes to the United Kingdom’s exit from the European Union or Brexit. That was settled pretty much in the election that occurred in Britain just a few weeks ago. Brexit, the Brexit implementation bill has passed the UK parliament. We’re going to see that breakup occur, it looks like at the end of January, 2020, although that date may move around.

Bryan Strawser: But really next year in terms of Brexit, not only will Brexit be implemented but now it’s time for the real negotiation, and the real negotiation is, what will the relationship be between the United Kingdom and the European Union in the years to come? And there is a lot of negotiation, a lot of issues that need to be discussed and decided in the coming weeks and months. And that will have global economic implications, it’ll have implications for EU citizens that live in the United Kingdom today. It looks like they’ll be allowed to stay through a immigration scheme that is being developed and will be implemented. But there’s a lot of uncertain