In the contemporary world of instant global communication, immediate information exchange, and multiple modes of rapid transportation, the process of choosing sites for new or expanded activity has become increasingly complex and sophisticated. Although some of the basic premises have remained unchanged since the earliest civilizations, the evolving nature of the economy is transforming the process of economic development.
Recent advances in the petroleum sector have led major analysts and energy companies to broadly anticipate expansive increases in Permian Basin production over the next few years. Much of this activity will be centered in the Midland area and the resulting growth will bring enormous potential benefits with profound implications for housing. In light of this growth, it is imperative that additional land be available for residential development. Proactive efforts to deal with issues and prepare for the coming growth can position the area to emerge stronger and more prosperous in the future.
Dr. Perryman explains why the shocking events actually did not drive financial markets down.
This week's Wall Street tumble is just the latest we can expect from a market still adjusting to a new president, but Dr. Perryman is very hopeful about the future.
Just moments after Donald Trump was declared the nation's forty-fifth president, the world's financial markets began to sink, but Dr. Perryman says that soon turned around.
Dr. Perryman discusses the The Federal Reserve's latest open market meeting and what we can expect for interest rates.
I first saw the US Capitol as a student about five decades ago. For the past 40+ years, it has been part of my professional life - testimony, hearings, meetings, meals, receptions, and crunching numbers.
The recent July 4 holiday marked 241 years since the 13 American colonies separated from England and did so with Mr. Jefferson's powerful and lyrical prose that made the Declaration of Independence one of the most memorable documents in human history. We often forget, however, that the year 1776 was also marked by another publication that, while anything but inspiring for its tone and resonance, was integral to the development of the United States, Adam Smith's "An Inquiry into the Nature and Causes of the Wealth of Nations."
We recently passed a notable milestone in the long process of recovering from the Great Recession: household debt levels have surpassed the peak reached during the recession in 2008. In many ways, this rise in consumer debt is a good sign in that it indicates Americans are feeling optimistic enough to take on additional obligations. Moreover, housing markets and credit conditions have normalized to the point where mortgages are trending upward along with loan quality. On the other hand, it can be viewed in a somewhat more negative light in some respects, particularly given that one category responsible for significant growth is student debt which may not be providing adequate returns in terms of enhanced future earning capacity or other educational goals. Let's take a brief look at some of the salient points.