In a rare interview given on 60 Minutes earlier this month, chairman of the federal reserve Ben Bernanke explained how our economic recovery may not be "self-sustaining." As a result, the federal reserve is taking unprecedented actions to keep interest rates low, and the federal government is extending Bush-era tax cuts in an effort to further stimulate the economy.
The biggest indicator that our recovery is fragile is the unemployment rate. It stands at approximately 9.5%, the same level it was at about sixteen months ago when the recession officially ended. In his 60 Minutes interview, Mr. Bernanke explained that it may take four or five years for the unemployment rate to reach healthy levels. The unstable housing market is another glaring example of how our economy is still struggling to find solid footing.
With all this economic uncertainty, it's not surprising that many people are wondering what the next years will bring. As your clients plan this year's conferences, they may find value in bringing in a guest speaker that can provide some clarity and, more importantly, confidence that this recovery is indeed sustainable. In his new presentation "What Happens Next," Mark Zinder explains how uncertainty brings opportunity. Although dramatic, this downturn was not dissimilar to recessions of the past. Mark will show how history does indeed repeat itself, and how past downturns have been followed by periods of unprecedented growth and innovation. You can read more about this presentation below.
One of the most in-demand speakers and consultants on the financial issues facing us today, Mark Zinder's presentations are always high energy and upbeat. We encourage you to watch a short preview of a recent speech by clicking here. Then please contact me at either jay@markzinder.com or 818-889-1134 to discuss how Mark will tailor this highly relevant presentation to address the needs of your clients.
Sincerely,
JAY
Jay Klahn
Business Manager
Mark Zinder & Associates
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