December 2019 Economic Outlook

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December 2019 Economic Overview


The volatility of financial markets in 2019 has given pause with respect to recession probabilities and the future of asset markets. Will the whipsaw of bond and equity prices continue? How will the Fed react in an economy with good employment numbers, but elevated risks. The December 2019 UCLA Anderson Forecast will untangle many aspects of these questions, including the relationship between the financial and real estate sectors as it looks to the economic and financial outlook for 2020.

Key Topics
  • What is a recession and who needs to worry about it?
  • What are the prospects for a recession soon?
  • Will the 10-year bull market in stocks continue into the new decade?
  • Have interest rates bottomed or are they headed for zero?
  • Is California's GDP still growing?
  • When will the housing market recover?
  • Can California solve the housing affordability crisis in the next few years?
7:30 - 8:30a Registration + Breakfast
8:30 - 8:40a Welcome + Introductions
Jerry Nickelsburg, Director, UCLA Anderson Forecast
8:40 - 10:05a UCLA Anderson Forecast for the Nation and California
David Shulman (MBA '66, Ph.D. '75), Senior Economist, UCLA Anderson Forecast
Jerry Nickelsburg, Ph.D., Director, UCLA Anderson Forecast
Edward Leamer, Ph.D., Professor Emeritus, UCLA Anderson School
William Yu, Ph.D., Economist, UCLA Anderson Forecast
Leila Bengali, Ph.D., Economist, UCLA Anderson Forecast
Q + A with the Forecast Team
10:05 - 10:20a Break
10:20 - 10:50a Keynote Address
Vijay Srinivasan ('01), Chief Investment Officer, Scarsdale Capital LLC
10:50 - 11:45p Expert Panel: Volatility of Financial Markets
Moderator: David Shulman (MBA '66, Ph.D. '75), Senior Economist, UCLA Anderson Forecast
Joseph Brusuelas, Chief Economist, RSM US LLP
Mark Garmaise, Ph.D., Professor of Finance, UCLA Anderson School
Arthur Hovsepian ('06), Principal, Payden & Rygel
Jia Ye, Ph.D., Partner and Co-Chief Investment Officer, First Quadrant