Brian Bailey, Subject Matter Expert with the Federal Reserve Bank of Atlanta, joins host Michael Bull to discuss where we are in the cycle. Highlights include:
- Have seen nothing but solid job growth for last 4 years
- Unemployment has come down significantly
- This is the third longest expansion since 1945
- Modest growth looks in the cards for foreseeable future
- Dark clouds include net loan demand softening
- Have to ask where we are at on supply curve, some segments seem to have excess coming online
- Commodity like retail shifting to online
- Industrial supply deliveries are in line with long term averages