Tag Archives: Tourism

All is Merry and Bright

The Economy: The Holidays are upon us and All is Beautiful. Synchronized global growth, led by the US is producing some of the best economic numbers since the Financial Crisis of 2008. Donald Trump’s foreign policy speech has outlined an America First approach that should produce economic benefits. Congress has passed the first rewrite of the Tax Code in 3-decades. Financial markets are comforted to have another unknown out of the way. Corporate profits that have been held overseas are expected to flow back to the US next year and used for dividends/share buy-backs. Share buy-backs along with the expanding economy should bode well for stock markets in 2018. San Diego continues on its growth trajectory with high/med-tech, military spending, services and tourism helping to keep the downtown skyline full of construction cranes. Pessimists still call for circling the wagons. Optimists see the Endless Summer of perfect barrels.

Food for Thought: Merry Christmas and Happy New Year! Happy Holidays! It’s been a pleasure writing for you this year. … and what a year it’s been! 2017 goes down as one of the most excitement filled years in memory. Good Excitement; Bad Excitement; Real Excitement; Fake Excitement; Lurid Excitement; Questionable Excitement. How’er ya gonna keep ’em down on the farm after all that jazz. With markets heading into the 10th year of their rocket run, US mid-term elections, Brexit moving forward, Japan re-arming, a new Federal Reserve, Draghi on his way out, more central bankers tightening the screws, 2018 will be every bit as exciting as 2017.

Music of The Week: Dean Martin’s “The Dean Martin Christmas Album”

We Quarterback Money®

Chargers Stadium

The Economy: Economic numbers continue to show a U.S. economy that is slowly expanding. The Fed’s Beige Book was released today and confirmed the “moderate growth” that has become the standard for the past several years. Observers continue to wait to see if growth will accelerate or slow. It’s now been 7-years without some type of confirmation that things are getting better all around. Instead of a sense of wellbeing, we have pockets of folks doing well versus groups who are still waiting for their lives to pick-up. In San Diego, outside of defense and tourism, our informal polling indicates that for most business owners and executives “things are flat; about like they were last year.” Overheard in a restaurant yesterday was the comment, “I don’t think this economy is doing as well as we’re supposed to believe.” Waiting for Godot.

Food for Thought: The proposed Chargers Stadium continues to polarize San Diego voters as the election approaches. One wag was heard to comment that, “I have a problem with billionaires asking for public assistance, so that millionaires can play a game that rich people watch.” Other business owners have been heard to ask, “When do I get my handout from the city for my business?”

Music of the Week: Charlie Byrd’s “The Best of Charlie Byrd”