Monthly Archives: September 2014

Notes from Economic Outlook Forum

September 16, 2014

The Millsaps College Else School of Management and Mississippi Public Universities held their annual Economic Outlook Forum this morning to a packed house audience. The event was sponsored by the CFA Society of Mississippi. Here are my bullet point notes from the two presenters.

Douglas P. Handler, Chief U.S. Economist and Head of North America Macroeconomics, IHS Global Insights –

Outlook is tremendously positive.
The common theme throughout is demographics.
It is a time of transition. Firms that get it will do well.
There will be continued economic growth through 2015.
Housing will continue to improve. If you’re a homebuilder you’re going to be thinking apartments.
Fed tightening to take place 3rd quarter, 2015.

Darrin Webb, State Economist for Mississippi and Director of University Research Center’s –

Mississippi economy is growing, but not as much as we would like. Will probably grow less in 2014 than in 2013.
Sources of growth appear more sustainable than last year.
Growth will strengthen with that of nation.
Mississippi GDP forecast growth:
2014 – 1.4%
2015 – 2.2%
2016 – 2.4%
2017 – 2.5%

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Six Leadership Characteristics of Truett Cathy

September 14, 2014

Truett Cathy’s legacy will surely be most recalled as the founder of Chick-fil-A, but I hope his personal and leadership characteristics will not be forgotten either. Those characteristics were summarized in a September 13, 2014 Wall Street Journal column by Muhtar Kent, Chairman and CEO of Coca-Cola who referred to Cathy as “a longtime business partner, and dear friend and a teacher.”

Kent listed the following six characteristics as the the way Cathy approached business, people and community.

1. He believed in himself.
2. He worked hard.
3. He embodied the culture he wanted to build, i.e. he walked the talk.
4. He never stopped innovating.
5. He was generous.
6. He stayed humble.