Economic & Investment Conference
Wednesday, October 20, 2021 - Bloomington, MN
Presented in association with Alloya Investment Services, a division of Alloya Solutions, LLC. - A CUSO wholly owned by Alloya Corporate FCU
By attending this event, you will gain a better understanding of the following:
- What lies ahead for the U.S. economy in regard to economic growth, inflation and interest rates.
- How the post-pandemic economic outlook will shape credit union operations both nationally and in Minnesota.
- How the economic crisis sparked by the pandemic changed the political and financial landscapes in addition to altering consumer behavior.
Where: Crowne Plaza AiRE | 3 Appletree Square, Bloomington, MN 55425
When: October 20, 2021, from 10:00 am to 3:00 pm
Who: CEOs, CFOs, portfolio managers, financial officers, ALCO and board members
CPE Credits: Earn up to 4.0 CPE credits.
|10:00 - 10:15 am||Registration and Coffee|
|10:15 - 10:35 am||Mark Cummins, MN Network Update
John Collins, Corporate Update
|10:35 am - 12:00 pm||Tom Slefinger, The Post-COVID Economy | A Contrarian’s Perspective|
|12:00 - 12:45 pm||Lunch|
|12:45 - 3:00 pm||Steven Rick, Economic Outlook and Credit Union Forecast|
The Post-COVID Economy | A Contrarian’s Perspective
Presenter: Tom Slefinger
“When all the experts and forecasts agree, something else is going to happen.” – Bob Farrell, Wall Street Veteran
On the back of unprecedented monetary and fiscal stimulus, we have experienced a V-shaped recovery from the COVID pandemic. While the recovery is welcome news, the bigger story is that all of this is happening on borrowed money from the government.
Massive and unprecedented transitory rounds of stimulus have provided the glue for this recovery, but this is artificial and not long lasting. The “stimulus” is like your boss giving you a bonus one year and then taking it away the next year. In other words, nothing taking place today is permanent; it is all very temporary.
Yet the view of booming growth, inflation and rising yields has become a widespread narrative within the Wall Street community. Some suggest that we will have a redux of the Roaring ‘20s. However, while mainstream economists posit that the stage is set for lasting robust economic growth, no evidence supports the claim.
In this session, we will discuss why the aforementioned consensus views will quickly collide with the secular dynamics of excess debt, aging demographics and disruptive technologies, which will continue to inhibit economic growth, inflation and interest rates.
CPE Credits: 1.5
Field of Study: Economics
Economic Outlook and Credit Union Forecast
Presenter: Steven Rick
The greatest economic crisis since the Great Depression has changed the political and financial landscapes and has altered consumer behavior – perhaps for generations to come. While the worst may be over, the shifts that began as the pandemic mounted will have enduring effects on depository institutions. This presentation will assess how these shifts and the changing economic outlook will shape credit union operations both nationally and in Minnesota. The session will help you understand the coming pressures on your credit union’s financial results.
CPE Credits: 2.5
Field of Study: Economics
Alloya Corporate FCU is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.