1. John Tuccillo Florida Realtors johnt@floridarealtors.org Challenges and Opportunities: A Commentary on Florida and the Global Economy

2. Where Is The Global Economy Now? The United States Weak recovery Pessimistic consumers Noxious domestic politics Europe The haves and have-nots Threats to the euro Sovereignty vs. community The emerging giants China’s hiccup India, Brazil, Mexico

3. Challenges: The WorldEconomy The problems of maturity Cost disadvantages The social net Demographic conflict The problems of adolescence Slowing growth Resource pressures

4. Interrelationships and Repercussions: Made in the World The integrated global financial system The growth in world trade Transnational investment and production Individual investors Global politics

5. What Next? Crisis aversion in the EC No one likes the solution, but it will occur Discussions about the long term future of the euro Middling growth in the U.S. Nothing to fire the economy up Continued consumer malaise Improving employment Slowing of emerging economies Impact of the U.S. and Europe

6. Florida’s Economy Ahead of the nation Mini-recovery in real estate Strong employment growth A return of the boomers

8. Opportunities: Thinking Globally There are always investment opportunities Real estate values revert to historical trends Liquidity is king Niche marketing Price changes and exchange rates