Dr. Roger L. Torneden, CFP®, CPCU, CLI-CA®, Director of Business, Management and Legal Programs, UCLA Extension
Have you often wondered how to relate your business (and personal) decision-making to the U.S. and World economic trends and volatility issues? What major and somewhat hidden trends are now in place but have yet to impact us? Many of us dutifully read the news, check the financial channels, and peruse Internet headlines but still feel the stories are only random puzzle pieces (how are they connected and what does the whole puzzle look like?) If you think you’re missing the important “profit-and-lifestyle determining” economic and financial themes this update is for you! Success is less about the news cycle and market timing and more about recognizing the real determinants that have long-run and significant impacts. For the movie buffs in our credit and finance industry, “The Big Short” illustrates the high value attributed to accurate distillation of key trends and facts (vs. the daily news cycle overload and coverage repetition). It also represents the challenges of quality forecasting when life-style determining trends can be obscured by the large and agenda-vested interests in our global markets. Our update filters out many of the “spins” and distractions while focusing on the highest priority determinants of our business operating environment over the next 2-3 years.