Download presentation
Presentation is loading. Please wait.
Published byMonica Primrose Dawson Modified over 9 years ago
1
Fiduciary and Investment Risk Management Association “What Are the Risks Facing the Economy?” Joel L. Naroff, Ph. D. President, Naroff Economic Advisors Chief Economist, Commerce Bank
2
Short-Term Issue #1: Rising Interest Rates and Housing: Bubbles burst, really, they do!
4
Short-Term Issue #2: Where Goes Energy Costs?
5
Household energy costs have skyrocketed
6
Short-Term Issue #3 What will happen to the dollar?
8
Long-Term Trend#1: Globalization Globalization: Competition is worldwide, costs containment is key. Productivity: Labor is the most expensive portion of costs, so their costs must be contained. Job Growth: Forget the nineties, restrained job gains are with us for as far as the eye can see.
10
Long-Term Trend #2: Wireless The technology: Imagine it five years from now. Older buildings: Too expensive to refurbish using today’s technology, but may no longer be so. Locations: Older, architecturally interesting buildings in older locations have renewed value. The advantage of new construction may fade and older buildings could become competitive in central cities and smaller towns.
11
Long-Term Trend #3: Retiring Baby-Boomers Aging Boomers: Demographic shift to more retirees will accelerate sharply over next decade. Wealth: Boomers are the richest retirees in history. They will once again change the nation’s spending patterns. Locations: Boomers want to locate to amenity rich locations that match their new, retirement lifestyles.
12
The Demographic Makeup of the Population is Changing Dramatically
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.