Recently I was engaged in a conversation with a successful investor and portfolio manager who informed me that he is expecting U.S. GDP to expand from 4 to 6% this year. I asked him how he came to that conclusion. It was based, he answered, on his discussions with CEO’s and foreign investors, among others. He indicated that there was a significant swelling of optimism throughout the globe.
I’m delighted to hear it. The problem that I have, which I posed to him as a question, is “how”? With the economy at virtual full employment, that the prospects of immigrants filling available jobs is in peril, and with the likelihood that AI (artificial intelligence) may strip away jobs, in what way are we likely to grow?
Read the full article here: How Our National Economic Transformation Informs Real Estate Decisions