This is not true. The precious metals sector is doing good. The energy sector is also seeing growth and will continue to see growth with the increase in data centers across the US. Precious metals will continue to grow with EV’s and advanced computing (AI, data centers and quantum computing).
There is still some room to grow in the EV sector but that is shrinking.
Another industry that will be seeing growth over the next 10-15 years is quantum computing. Fintech is also seeing a lot of growth. Pharmaceutical and healthcare in general are seeing growth as well.
Overall the economy is not in that bad of shape for now. Ask this again towards the end of 2026 and it will all have to deal with China and Taiwan. 2027 is the mandate to be ready for taking Taiwan either by force or otherwise. A major war would seriously hurt the world economy even if the majority of Europe doesn’t take part in this.
Major players in this possible war would be China, North Korea, South Korea, Australia, Japan and the United States. Other smaller countries like the Philippines and Vietnam would also be impacted. Hard to see Europe helping here with their hands tied with Russia and Ukraine. Best case scenario China just continues to saber rattle and nothing comes of this. Worst case and there is a serious regional war. I don’t see China winning this but economically this will be a huge blow.