The featured speaker was David Littmann, Senior Economist from the Mackinac Center for Public Policy. In his assessment of the economy, David reviewed the acceleration of the automotive market, appreciation of housing, and the growth in Michigan's population of the past few years.
David revealed three aspects of an economic forecast including:
1. Assessment of momentum
2. Leading indicators
3. Overlay of fiscal policies
In his very interesting and insightful presentation, David also reviewed fiscal policies as they affect the local economy, composite leading indicators, and the effects of keeping interest rates low.
Overall, the meeting was enjoyable and informative. The fluid power business is thriving in Michigan as reflected by this meeting. If your company is a member of the NFPA, consider asking the Association to start such a meeting in your city.