The Longest Expansion …and what it means for you June 22, 2018

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Presentation transcript:

The Longest Expansion …and what it means for you June 22, 2018 Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

Currently second longest expansion… Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

Many aspects of the jobs market normalized… Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

With all indicators saying the expansion has not ended yet… Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

And will continue for the foreseeable future… Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

And will continue for the foreseeable future… Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

Oregon is no exception… Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

? for the Fed: How low can unemployment go? Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

Interest rates are rising… Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

Very long leading indicator still good… Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

What’s keeping Fed from hiking faster? Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

What’s keeping Fed from hiking faster? Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

Challenge: Low unemployment Low unemployment will help solve many problems! Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

Can you hold on to your employees? Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

One solution: A bigger labor force. Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

Another solution: Relax hiring guidelines. Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

Challenge: Material and labor costs. Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

Solution: Invest for efficiency gains. Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

Challenge: Financial instability? Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

Household debt still falling relative to size of the economy. Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

No obvious overinvestment in any one sector. Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/

The end. Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/