The document provides an overview of Tulare County's economic situation. It discusses how Bill Watkins will provide context on the county's economy and challenges it faces. It then outlines topics to cover, including the state of the US and California economies and how real estate values will be slow to recover. In the final section, it will analyze specifically Tulare County's economic indicators and situation.
State of the Economy: What happened and when will it come to an end? Christop...ECPA Events
Last year even as the US was already in a recession not only were forecasters saying we weren't in a downturn, they were predicting that the economy would be moving strongly forward by the beginning of 2009.
State of the Economy: What happened and when will it come to an end? Christop...ECPA Events
Last year even as the US was already in a recession not only were forecasters saying we weren't in a downturn, they were predicting that the economy would be moving strongly forward by the beginning of 2009.
Tim Pulido, President & CEO with 30 years of restaurant industry experience, presents his outlook for 2012 and the brand strategies necessary to win in the New Normal.
Perspectives on the Future of Food Security, Review 1 by Geraldo Martha, EMBRAPA on 11 April 2013 at the Food Security Futures I Conference in Dublin, Ireland.
Presentation On Sustaining A Healthy Enterprise During Turbulent TimesSCyboran
The challenging economy has resulted in doubling of the unemployment rate, 50% drop in the financial markets, doubling of the home foreclosures and personal bankruptcies. This is certainly affecting a significant portion of the workforce and making it not only difficult for them to focus on their work, but the stress is deteriorating their health. Sustaining a healthy enterprise during turbulent
Value chain analysis of sheep in Atsbi district of Tigray Region, EthiopiaILRI
Presented by Embaye Kidanu, Mengistu Regassa and Getachew Legesse at the Multi-stakeholder Workshop for Targeting Action Research on Atsbi sheep and Abergelle goat Value Chains in Tigray, Ethiopia, Mekelle, 19-20 March 2013
Why has multifamily investment been so hot, especially in D.C.? What are some of the underlying economic and demographic fundamentals driving the multifamily market?
What if the oil prices crashed just as they did in 2008? What if the Peak Oil Theory is flawed? What if gasoline will be much cheaper by 2013? What if this will not mean people will use more oil when it gets cheaper? What if this is THE beginning of the end for oil? You will only find out if you see it.
Tim Pulido, President & CEO with 30 years of restaurant industry experience, presents his outlook for 2012 and the brand strategies necessary to win in the New Normal.
Perspectives on the Future of Food Security, Review 1 by Geraldo Martha, EMBRAPA on 11 April 2013 at the Food Security Futures I Conference in Dublin, Ireland.
Presentation On Sustaining A Healthy Enterprise During Turbulent TimesSCyboran
The challenging economy has resulted in doubling of the unemployment rate, 50% drop in the financial markets, doubling of the home foreclosures and personal bankruptcies. This is certainly affecting a significant portion of the workforce and making it not only difficult for them to focus on their work, but the stress is deteriorating their health. Sustaining a healthy enterprise during turbulent
Value chain analysis of sheep in Atsbi district of Tigray Region, EthiopiaILRI
Presented by Embaye Kidanu, Mengistu Regassa and Getachew Legesse at the Multi-stakeholder Workshop for Targeting Action Research on Atsbi sheep and Abergelle goat Value Chains in Tigray, Ethiopia, Mekelle, 19-20 March 2013
Why has multifamily investment been so hot, especially in D.C.? What are some of the underlying economic and demographic fundamentals driving the multifamily market?
What if the oil prices crashed just as they did in 2008? What if the Peak Oil Theory is flawed? What if gasoline will be much cheaper by 2013? What if this will not mean people will use more oil when it gets cheaper? What if this is THE beginning of the end for oil? You will only find out if you see it.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
5. Kierkegaard Sartre
Existentialism and Economic
Nietzsche Growth Camus
www.clucerf.org
6. Bill Says:
“Effective policy cannot be
made without a clear
understanding of the
situation and the challenges
that the situation imposes.”
www.clucerf.org
7. Outline
• Europe
• Is the consumer ready?
• How Are Our Indicators Doing?
• United States
• Why Real Estate Won‟t
Recover Soon
• California
• Tulare County
www.clucerf.org
9. Optimal Currency Zone
• Inflation rates
• Openness to trade
• Diversification
• Integrated financial sectors &
policy
• Mobile labor and capital
www.clucerf.org
10. Fundamental Trilemma of
International Finance
1. Make the country‟s economy
open to international flows of
capital
2. Use monetary policy as a tool to
help stabilize the economy
3. Maintain stability in the currency
exchange rate
www.clucerf.org
11. Bill Says:
“The Eurozone will come
apart, and it will be ugly”
www.clucerf.org
12. Is the consumer ready to
bring us outwww.clucerf.org
of recession?
13. Total Consumer Debt is Probably Too High
United States
Household Consumer Debt: Total
Thousands of dollars per household
25.0
20.0
15.0
10.0
5.0
0.0
Jan-80 Jan-85 Jan-90 Jan-95 Jan-00 Jan-05 Jan-10
14. Mortgage Debt is Probably Too High
United States
Household Debt Share: Mortgages
Percent of Current Income
100.0
90.0
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
1980Q1 1986Q1 1992Q1 1998Q1 2004Q1 2010Q1
15. We‟re Still Down Over 6 Million Jobs
United States Non-Farm Jobs
Millions of Jobs
Seasonally Adjusted Data
140
138
136
134
132
130
128
126
124
Jan-07 Jun-07 Nov-07Apr-08 Sep-08 Feb-09 Jul-09 Dec-09May-10Oct-10Mar-11
www.clucerf.org
21. Bank Charge-offs Still Too High
Billions of Dollars United States
60.0
50.0
40.0
30.0
20.0
10.0
0.0
1984Q1 1986Q4 1989Q3 1992Q2 1995Q1 1997Q4 2000Q3 2003Q2 2006Q12008 Q4
U.S. Total Bank Charge-Offs
22. Home Ownership Still Too High
United States
Home Ownership Rate, NSA
Percent of Households
70.0
69.0
68.0
67.0
66.0
65.0
64.0
63.0
62.0
61.0
60.0
59.0
1965Q1 1971Q1 1977Q1 1983Q1 1989Q1 1995Q1 2001Q1 2007Q1
23. Capacity Utilization Still Too Low
United States
90
85
80
75
70
65
60
Jan-67 Jan-71 Jan-75 Jan-79 Jan-83 Jan-87 Jan-91 Jan-95 Jan-99 Jan-03 Jan-07 Jan-11
Capacity Utilization: Total index, (% Capacity, SA)
24. Risk Premiums are Going Crazy Again
Ted Spread normalized by 3
month Treasury
1980Q1 1983Q4 1987Q3 1991Q2 1995Q1 1998Q4 2002Q3 2006Q2 2010Q1
Annual Yield as a percent of 3-mo. Treasury
29. Slow Economic Growth
Real Gross Domestic Product
3.6 3.8 3.9 3.8
3.0 2.7 2.9
2.5 2.3 2.4 2.5
1.7 1.7 1.9
1.3 1.0 1.2
0.5 0.4 0.5 0.8
-0.7
-1.8
-3.7
-6.7
-8.9
2007Q1 2008Q1 2009Q1 2010Q1 2011Q1 2012Q1 2013Q1
Center for Economic Research and Forecasting
United States - (saar q-o-q percent change)
www.clucerf.org
30. Really Slow Job Growth
Average Monthly Non-Farm Job Change
170 181
139 166 136
96 101 97 105 109 124
44 22 67 85
39
-2
-47 -46
-135
-199
-256
-311
-516
-643
-781
2007Q1 2008Q1 2009Q1 2010Q1 2011Q1 2012Q1 2013Q1
Center for Economic Research and Forecasting
United States - (thousands of jobs)
www.clucerf.org
31. No Job Recovery Soon
Non-Farm Jobs-SA
140.0
138.0
136.0
134.0
132.0
130.0
128.0
126.0
124.0
2000Q1 2002Q2 2004Q3 2006Q4 2009Q1 2011Q2
Center for Economic Research and Forecasting
United States - (millions of jobs)
www.clucerf.org
32. Persistent High Unemployment
Unemployment Rate - SA
10.0
9.7 9.7 9.6 9.6 9.6
9.3 9.2 9.0
8.9 9.1 9.1 8.8 8.6
8.5 8.3
8.2 8.1
6.9
6.0
5.3
4.8 5.0
4.5 4.5 4.7
2007Q1 2007Q4 2008Q3 2009Q2 2010Q1 2010Q4 2011Q3 2012Q2 2013Q1
Center for Economic Research and Forecasting
United States - (Percent of labor force)
www.clucerf.org
33. Uncomfortable Facts
• Any unemployment decline will
come from discouraged workers
• The difference between zero and
negative is really small
www.clucerf.org
34. Risk to the National Forecast
• Middle East
• Euro Zone
www.clucerf.org
36. Department Overlay as %GDP 2010
10.2
8.0
5.8
5.2
4.5
Total Government Dept. of Defense Dept. of Health and Social Security Other spending
Deficit Human Services Administration
37. Why isn’t small
business
participating in
the recovery?
www.clucerf.org
41. Milton Friedman
“"The role of the economist in discussions of
public policy seems to me to be to prescribe
what should be done in light of what can be
done, politics aside, and not to predict what
is „politically feasible' and
then to recommend it.".”
42. How to Change the Forecast
• Immigration
www.clucerf.org
43. Foreign Immigration
1.68
1.611.60 1.621.59
1.521.511.55
1.51
1.36
1.26
1.12 1.08
1.030.991.05
0.92 0.94
0.87
0.70
0.66
0.50 0.53 0.520.53
0.440.450.44 0.48
1982 1986 1990 1994 1998 2002 2006 2010
Center for Economic Research and Forecasting
United States - (millions of persons)
44. How to Change the Forecast
• Immigration
• Taxes
• Energy
• Regulation
www.clucerf.org
56. Just the Facts
• 12 percent
• 8 of 58
• 4 out of 6
www.clucerf.org
57. Just the Facts
• 16.1 percent to 15.1 percent
• from 15 to 26 percent in 2007
• 34 percent and 80 percent
• 150,000 and 50,000
www.clucerf.org
58. Other Signs of Decline
• Beaches
• Los Angeles water lines
• Freeways
• Electrical cutbacks
• Water supply
• Education
www.clucerf.org
59. California Nonfarm Jobs as a
11.6%
share of United States
11.4%
11.2%
11.0%
10.8%
10.6%
10.4%
10.2%
10.0%
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010
Center for Economic Research and Forecasting
California - (percent of U.S.)
60. Non-Farm Jobs
15.1 15.2 15.0
14.5 14.6 14.5 14.4 14.5 14.8
14.0 14.1 13.9
13.6
13.1
12.7
12.2 12.0 12.2 12.4
1992 1994 1996 1998 2000 2002 2004 2006 2008 2010
Center for Economic Research and Forecasting
California - (millions of persons)
62. Bill Says:
California is moving toward a
future of contrasts: wealth,
without economic growth;
consumption, without investment;
the wealthy and the poor living
side by side, without a middle
class; young adults and old
people, without families and
children.
www.clucerf.org
63. Really Slow Economic Growth
Real Gross Domestic Product
Growth
3.2 2.9 3.2
2.7
1.7 2.1 2.0 2.0 2.2 2.2 2.3
1.2 1.5 1.5
0.7 0.7
0.2 0.5 0.2 0.2
-0.1
-1.5 -1.8
-4.1
-8.9
-9.7
2007Q1 2008Q1 2009Q1 2010Q1 2011Q1 2012Q1 2013Q1
Center for Economic Research and Forecasting
California - (saar q-o-q percent change)
www.clucerf.org
73. Some Other Indicators of
Economic Stress
Teen Percent on Percent on
Pregnancy Food Stamps School Meals
2011 1/11/2011 October 2010
Tulare 72 % 22.7 % 77.62 %
California 41 % 9.55 % 55.9 %
United States 34 % 14.10 %
www.clucerf.org
96. Tulare County‟s Situation
• Absent change, economic
prospects are grim.
• No inertia will come from the
outside.
• The task is not impossible, but you
have your work cut out for you.
www.clucerf.org