Economic Forecasts For Breakfast – A bigger plate?

OPTIMISM…. yes outright optimism seems to be breaking out almost like our optimism that spring will arrive soon.   In January I posted about attending the Columbian’s Economic Forecast breakfast. There John Williams - President of the  Frederal Reserve Bank in SanFransisco summed up our status up this way –  We saved the country from a depression and we’ll see more slow improvement mirroring the past two  and a half years.  Pretty routine stuff.

Let’s roll forward to March, a mere six weeks later.  Alan Beaulieu  spoke Friday March 2nd at a breakfast  event sponsored by the Greater Vancouver Chamber of Commerce.  Beaulieu  speaking for the third  year in a row boldly told the room to  expect strong growth over the next  two years.  If you want to grow your company invest in people or technologies that will allow you to take on more customers.  Beaulieu claims his forecasts are 95 % accurate.  Front page article in the Columbian on Tuesday March 6 highlights the results of an Associated Press survey conducted of leading economists that the economy is picking up steam, consumer confidence is growing and almost across the board these economsists were forecasting unemployment numbers for 2012 significanlty below their projections even six months earlier.

In our Commercial Real Estate world we are seeing more people every day make decisions to move forward with plans that will strenghten their position over the next few years. Many are leasing,  some are buying , and others are aquiring investment properties.