“Nothing terrible, nothing great.”
That’s the U.S. economic outlook, according to economist Elliot F. Eisenberg, who said a recession is unlikely in the immediate future.
The acclaimed economic expert and former senior economist at the National Association of Home Builders shared his insights during a lively general session speech at the CUNA CFO Council Conference in Anaheim, Calif., this week.
Some key points in his prognosis of the economy:
• There is reason for optimism. Americans have growing household incomes and are borrowing more.
• Student loan debt isn’t as big of a problem for credit unions as some think. He said the amount of student loan debt is a good indicator of borrowers’ internal drive and the quality of the schools they’re attending.continue reading »