Fall is a wonderful time of the year! There are so many fun events in Austin to check out. This week-end is the Formula One Nascar racing!
Of course in Texas football is huge; youth league flag football, pop warner, high school or college football, you have plenty of games to choose from. Now with our Q2 Stadium and new Austin FC professional soccer team we added another dimension to the sports arena.
In the fall one thing I always like to take advantage is various symposiums offered on the Financial Market Outlook, the Housing Industry and Real Estate in general. It’s the time of year to be planning for 2022 and how the market will affect my business. Formulating a game plan is a fall activity or at least it should be. If you wait until the first of the year others have already set their plans for business and personal life in motion and are a step ahead of you.
Austin PT 50 creates meaningful connections and has a motto: Learn More, Earn More! One of their partners SouthStar Bank hosted a Financial Market Forecast at the Austin Country Club that I was fortunate to attend Tuesday October 19, 2021. The featured speaker was Julie Coronado the founder of the economic research firm MacroPolicy Perspectives and a Clinical Associate Professor at the McCombs School of Business at the University of Texas at Austin. Her credentials are a mile long! She is a member of the Economic Advisory Panel of the Federal Reserve Bank of New York and a regular commentator in financial media, including CNBC, Bloomberg, Marketplace and the Wall Street Journal.
Her Economic Outlook focused on the disrupters and how in the middle of an unpresented COVID disruption we’ve under gone a deep, short recession followed by a fast, strong recovery, amid a huge disruption in demand and supply. We are experiencing conflicting signals with high inflation and high unemployment! Demand is not the problem, supply is the issue. The demand changed faster than the supply and people are spending more on goods than services. Consumer debt is not increasing, in fact many have never been in such great shape with cash in hand.
It was an excellent presentation and a good walk away for me was the realization COVID forced us to problem solve. Many companies pivoted to new business models to make sure they were staying relevant and some failed. The experts and everyone are watching closely: inflation, diffusion and expectations. The next 6-9 months will tell the story.
In Austin there are many fun fall activities and celebrations but don’t miss the learning opportunities to keep us relevant and educated in our ever changing economy! Knowledge is power.
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