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The U.S. Economy Productivity Monetary Policy. J. Alan Day alan.day@tdbanknorth.com TD Banknorth Wealth Management Group. Disclaimer.
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The U.S. EconomyProductivityMonetary Policy J. Alan Day alan.day@tdbanknorth.com TD Banknorth Wealth Management Group Trumbull, Connecticut
Disclaimer The comments made today are mine and do not necessarily reflect the opinions and viewpoints of my colleagues at TD Banknorth and TD Banknorth Wealth Management Group Trumbull, Connecticut
The U.S. Economy Resilient Powerful Job Creator Productive Trumbull, Connecticut
Resilience Natural disasters Energy prices Trumbull, Connecticut
Supply and Demand Trumbull, Connecticut
Real Gross Domestic Product http://mam.econoday.com Trumbull, Connecticut
Employment http://www.bls.gov/news.release/pdf/empsit.pdf Trumbull, Connecticut
Outsourcing/Offshoring • A mainstay of resource management in today’s economy. • Not detrimental as evidenced by the employment data • No longer a blue collar risk; rather a risk most of us face Trumbull, Connecticut
Risks Geopolitical Misguided action from Congress The Fed overshoots The dollar Trumbull, Connecticut
Productivity It’s not everything, but in the long run its almost everything! Trumbull, Connecticut
Productivity Ahmad Hosseini – Sonoma State University “Productivity is the ratio of output to input; i.e., the efficiency and effectiveness with which resources – personnel, machines, materials, facilities, capital, time – are utilized to produce a valuable output.” www.sonoma.edu/busadmin/hosseni Trumbull, Connecticut
Productivity http://mam.econoday.com Trumbull, Connecticut
Productivity andRisk Management Risk management is the ability to minimize the adverse effect or effects of a possible loss by measuring the financial consequences of a loss occurring and using controls to minimize actual losses or their financial consequences. Risk management is one way we can use our resources in an efficient and effective manner in the production of valuable output. Trumbull, Connecticut
Productivity The demographics of New England tell us that state and local government need to get on the productivity bandwagon! Trumbull, Connecticut
Productivity Will solve the demand side of the energy situation when we put more fuel efficient engines in automobiles. Trumbull, Connecticut
Productivity Individual motivation is essential in the advancement of our productivity endeavors. Trumbull, Connecticut
The Fed • Ben’s in charge • Have we reached a neutral funds rate? • Perhaps we will find out today at 2:15 PM. • Perhaps the statement will allude to less removal of past policy accommodation to a more leaning into the wind scenario. • Remember – price stability – it’s the key to the long term expansion of the economy. Trumbull, Connecticut
GDP Deflator http://mam.econoday.com Trumbull, Connecticut
J. Alan Day TD Banknorth Wealth Management Group 1-800-889-1153 ext 5535 alan.day@tdbanknorth.com Trumbull, Connecticut