|The economy wants to recover||| Print ||
|Thursday, February 10, 2011|
By Bill Conerly
I have updated my economic forecast, and it looks a little better than it did a few months ago. I have upgraded the first three quarters of 2011. The later quarters have about the same growth rates as before--they were already fairly good growth rates back in my November 2010 forecast.
The reason for the forecast revision is that recent data show the processes I had anticipated occuring faster than I had previoiusly thought they would.
The keys to my vision of the economic outlook are:
Sound rosy to you? Here's another way of looking at it. I compare my forecast GDP with the Congressional Budget Office's estimate of potential GDP. Look at how long the gap persists.
Because of that persistent underachievement, I don't think inflation will rise significantly in the next few years. The rise of oil and food prices are changes in relative prices, which will not translate into permanent changes in the overall inflation rate.
In this context, the Fed will keep short-term interest rates low. However, global economic improvement will increase the demand for credit, pulling long-term interest rates higher.
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Oregon Business magazine's 5th annual
100 Best Green Companies to Work For in Oregon
Wednesday, May 29, 2013
From Oregon Translational Research and Development Institute: OTRADI today announced its plans to open and operate a 13,000 square-foot multi-tenant bioscience complex in the Willamette Wharf building at 4640 SW Macadam Avenue. Slated to be complete in spring 2013, the OTRADI Bioscience Incubator (OBI) will house up to six companies.
MEDIAmerica, publisher of Oregon Business and Oregon Home magazines, announces a new retail website: HalfOffOregon.com. The website offers lodging, dining, recreation and many other items at half off their regular cost.
As you probably know by now, The Vernon Company is a national leader in the promotional products industry with annual sales of over $60 million. We are a family owned business, led by the fourth generation of the Vernon family.