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?