First, full disclosure. I am not a CPA or an economist, but I did attend (as I always do) the Maryland Bankers Association First Friday Economic Outlook Forum.
It is an amazing event and great way to start the new year, with perspectives from the best and brightest. Maryland’s own and awesome Anirban Basu is always there to offer his insights into the year past and what the year ahead might hold, with his funny color commentary that keeps it light and keeps me engaged. Then Basu moderates a panel of really smart economist experts to add more, challenge each other, and answer questions from a room of 600-plus bankers.
In past years the panel would sometimes agree, but more often they’d offer contrary opinions with references and intellect that were way over my non-CPA, non-economist head. I’d turn to our CFO and CPA, Skip Falatko, and say, “What?” Then on the ride home, he’d bring it down to a level that I would (kind of) understand.
Today there was clear agreement, over and over again, that the sky is not falling. And it made sense, to even me. Here’s a summary of the highlights, thanks to my friend, Skip Falatko:
So, take my non-CPA, non-economist word for it: Based on what I heard from Basu and these other really smart economists — Luke Tilley of Wilmington Trust, James Glassman of Chase Commercial Banking, and Mark McGlone of PNC Asset Management Group — we’re going to be OK. At least for now. Happy 2019!
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