TAAACC Annual Black Business Conference Texas 2020 Economic Forecast
For the seventh straight year, William Michael Cunningham delivered the Texas Economic Forecast Keynote Address in Austin, Texas on September 19, 2019 before the Texas Association of African American Chambers of Commerce.
The forcast for 2020 can be summarized as follows:
- The current business climate remains strong. BUT, risks abound. We expect a major market disruption.
Our advice for TAAACC and members:
- Lock in any growth or client opportunity you can NOW.
- Support Black women business efforts.
- Borrow now before interest rates abd borroing costs go higher. Term: 30 year fixed rate. Source: Credit Union.
Creative Investment Research (CIR) produces high social return investments and research. Founded in 1989, the firm launched creativeinvest.com in November, 1995 (http://www.creativeinvest.com/
On June 18, 1998, the Fully Adjusted Return ® Methodology (FAR) accurately predicted the 2008 financial crisis in a petition to the United States Court of Appeals (Case Number 98-1459). On December 22, 2003, FAR forecast system-wide economic and market failure. In June, 2016, FAR predicted the outcome of the 2016 election – see: Why Trump Will Win on LinkedIn. https://www.linkedin.com/
For a review of prior forecasts, see: https://youtu.be/
William Michael Cunningham