Dr. Perryman joined Ann Harder on KXXV's Central Texas Living series to discuss the economic outlook for Texas.
Hurricane Michael made landfall at the Florida Panhandle on October 10 before moving towards Georgia, the Carolinas, and Virginia. In addition to the tragic loss of life, the storm caused substantial wind damage and devastating flooding. Recent preliminary damages estimates by the National Weather Service indicate property and short-term losses of over $30 billion.
Hurricane Florence made landfall at Wrightsville Beach, North Carolina on September 14 before moving over eastern South Carolina. In addition to the tragic loss of life, the storm caused substantial wind damage and devastating flooding. Recent preliminary damages estimates by Moody's Analytics indicate property and short-term losses of $17-$22 billion.
Dr. Perryman is embarking on his 36th annual Outlook Conference, and he has a preview of what he will be sharing with audiences.
How fast the process of rebuilding Southeast Texas can get up and running will depend on the pool of qualified construction workers.
One aspect of President Trump's executive order looking at financial regulations would repeal parts of Dodd Frank, including the fiduciary rule.
With its positive growth, the December jobs report made it 75 consecutive months of growth, the longest stretch since 1939. Dr. Perryman says it is up to Donald Trump to keep it going.
Traffic congestion costs the US economy billions in wasted time, productivity, and fuel. It also negatively affects quality of life and constrains potential growth. The past decade of expansion has pushed congestion to the highest level since the Texas A&M Transportation Institute began tracking it in its Urban Mobility Report in the early 1980s. The 2019 version was recently released, with data for 2017.
One of President Trump's first official actions was issuing an Executive Order to withdraw from the negotiations for the Trans-Pacific Partnership (TPP), an agreement that would have linked 12 nations in the largest free trade zone to date. As a practical matter, Congress wasn't going to support it in any case, so the Order was only symbolic. It is a genuine mystery to me how we evolved to the point that participating in the world economy is somehow a bad thing to do. That the belief is now present in both major political parties is even more baffling. Let me be very clear from the outset: Trade is good! In fact, trade is essential! We have centuries of history (not to mention some basic math that was figured out about 200 years ago) to illustrate this incontrovertible dictum.
Members of the Organization of Petroleum Exporting Countries (OPEC) have agreed to cut crude oil production by 1.2 million barrels per day beginning in January. Russia announced it would cooperate and lower production by 300,000 barrels per day, and there is some chance other nations representing about 20% of global production will also join in following an upcoming meeting.