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PTDA 2011 Industry Summit
October 13-15, 2011
Washington Hilton
Washington D.C.
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Beaulieu: No Double-Dip, Now is the Time to Invest in Your
Company
Alan Beaulieu of the Institute for Trend Research delivered an
economic forecast designed to help Industry Summit attendees make sound
business decisions.
Highlights of Beaulieu’s update include the following.
• The U.S. economy will be in recovery for the rest of 2011
and through 2013. We won’t see a double-dip recession. And, while
the next recession is expected in the 2014-2015 timeframe, it
won’t be major.
• Why no double-dip? Despite the media focus on what
are truly minor setbacks, the fundamentals remain strong--leading
economic indicators are pointing up, exports are up, and retail sales
are currently experiencing a normal seasonal rise.
• As in past presentations, Beaulieu urged attendees to focus
on employment numbers rather than unemployment numbers. He
believes employment is rising as companies are right-sizing.
• Banks are lending. Now is the time to spend money on
your competitive advantage. Beaulieu recommends borrowing within the
next six to 12 months and locking in at low interest rates. (Even if you
have cash, he recommends keeping it and borrowing since interest rates
are so low.) Interest rates will start increasing after the next six to
12 months, despite what Federal Reserve Board Chairman Ben Bernanke has
said about there being no change to interest rates until 2013.
To download Alan's presentation, click here.
Attend
the November 9 Market Forecast Webinar (Free for PTDA Members)
For Alan Beaulieu’s complete economic forecast click
here
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