It’s easy to understand why the auto industry has been at the forefront of many people’s thinking for the last few years.
Despite the fact that car companies have been a major source of income for many families for decades, auto companies have consistently failed to deliver on promises to make the automobile a viable part of their lives.
The auto industry, however, has been experiencing some of the greatest changes to its operations in decades.
A recent Wall Street Journal article from March 2017 reported that by 2020, the auto sector could be in serious trouble.
According to the article, “As many as 10 percent of American workers could lose their jobs to automation.”
That could be bad news for the U.S. economy.
What would happen to the auto and finance industries if they were not able to deliver the quality of service that people expect from them?
That’s exactly what some financial experts are worried about.
That’s because of the threat that automation poses to the financial industry.
That threat has been building over the last several years.
It started with the emergence of the “disruptive” technologies that have been disrupting the financial services industry.
Those disruptions include blockchain, smart contracts, decentralized apps, and decentralized platforms.
According the Wall Street Times, “Blockchain technology allows people to create and share digital assets, like currencies, and trade them on a peer-to-peer network.
The idea is that no two digital assets are the same, and there is no central authority or middleman to determine who owns what.”
That technology has also led to the emergence, among many other things, of blockchain as a tool for the financial sector.
According a recent study, the U,S.
financial industry would lose $2 trillion in annual revenue by 2040.
That is a lot of money, and it is the second-highest loss per capita among major economies.
A study published in 2016 by the International Monetary Fund stated that by 2035, the United States would be the world’s third-largest economy.
That will be a huge financial industry with a lot more to lose.
“As the number of people using financial products grows and as the amount of money available to people grows, the size of the value of financial assets will also grow,” the report continued. “
According an analysis published by Citigroup, the financial industries losses could be far greater. “
As the number of people using financial products grows and as the amount of money available to people grows, the size of the value of financial assets will also grow,” the report continued.
According an analysis published by Citigroup, the financial industries losses could be far greater.
The analysis stated that the financial companies losses could reach $2,000 trillion by 2039.
That means the financial systems losses could exceed $2tn by 2034.
According Citigroup the financial markets could be hit hard by the financial technology industry’s disruption, and the financials losses could lead to higher costs for both consumers and financial institutions.
In addition, the disruption could have an impact on other industries.
“If we were to look at other industries, there would be a significant impact for the broader financial system,” David L. Friedman, an economist at the University of Chicago Booth School of Business, told Business Insider.
Friedman said the financial financial industry is “a big, complicated, and dynamic place, and you don’t want to be there, so you want to have some kind of a protective layer around that.”
What would be your response to that?
Let’s hear from you.
Do you agree with the IMF assessment of the disruption the financial and financial services industries are facing?
Is there a solution that can be put in place to prevent the financial crisis?
Let us know in the comments section below.