Life Mortgage & Real Estate Officer’s Council Wild Dunes, SC The Economic Situation September 30, 2014.

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Life Mortgage & Real Estate Officer’s Council Wild Dunes, SC The Economic Situation September 30, 2014

Looking for Three-Lane Wealth Creation on a Two-Lane Road Bruce Yandle

The 2014 Economy The 2-Lane Economy Geographic Imprint What’s Holding Us Back Reasons for Optimism Complicating Factors

3.14%

U.S. GDP GROWTH Recent Forecasts Conference Board 1.5% 2.9% Congressional Budget Office 1.5% 3.4% IMF Kiplinger Wells Fargo White House 2.6 Livingston Survey Booo!

3.14% Expect 1.5% to 3.2% real GDP growth, Recession in 2018.

The Sharing Economy

The Geographic Imprint

State Real GDP Growth Compounded Annual Rate, % %1.81% %1.24% % 0.42% % U.S. = 2.0%

What’s holding us back?

Feeling Over-Regulated These Days? Shall. Must. May not. Prohibited. Required. What about the Evidence?

Three Components: News, Tax Code Expirations, Variation in GDP Forecasts

Debt Ceiling Debate Lehman Mid-term Elections Three Components: News, Tax Code Expirations, Variation in GDP Forecasts

Reasons for Optimism

9/2016

1980s s 1990s

Complicating Factors

Looking for 8.3 Million Waldos

Overall Participation Rate: 62.8%

UNDERGROUND MONEY & MONETARY POLICY

QUESTIONS?