Pinal Partnership December breakfast recap: Elliott Pollack’s happy on housing… you should be too
by Callan Smith | Rose Law Group Reporter
Elliott Pollack presenting to Pinal Partnership’s December breakfast meeting.
Pinal County got a much-needed shot in the arm with the arrival of Lucid Motors and motorsport, said Elliott Pollack, local economist and real estate consultant at the annual Pinal Partnership breakfast Friday. The county needs an economy that spurs jobs, he said PhoenixMart, which is under construction has the potential to create a lot of jobs and could boost housing permits.
Looking nationally, expectations under a Trump Whitehouse and the Republican House and Senate are faster GDP and job growth, higher interest rates, higher but not traumatic inflation, infrastructure spending, larger military and higher tax profits. However, the wildcard is what will happen with international trade because the last thing the U.S. can afford is a trade war, Pollack said.
The U.S. is in the slowest economic recovery in American history at 90 months, and “historically the deeper the recession the stronger the recovery because you have more pent up demand. That is a function of policy,” said Pollack, who predicted the odds of getting through the next four years without a recession, even a mild one, are zero.
Click here to view Elliott Pollack’s full presentation to Pinal Partnership.
