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Prospects for RV Industry ‘Distinctly Looking Up’

December 3, 2009 by · Leave a Comment 

 

RVIA logoNew York Stock Exchange (NYSE) Chief Economist Emeritus William Freund reported that the worst of the recession is over for the RV industry in a seminar titled “What is Ahead: A Focused Analysis of the RV Industry” held this morning (Dec. 3) at the National RV Trade Show in Louisville, Ky.

William Freund

William Freund

Freund, who served as chief economist of the New York Stock Exchange for 18 years, is a world-renowned expert on productivity, the markets and globalization. At this morning’s seminar he examined the prospects for both the U.S. economy and the RV industry for the coming few years, noting that the RV industry serves as a leading indicator for the economy at large, according to a news release. “I need not tell you that your industry has been through very trying times,” he said. “But the worst of the Great Recession is behind your industry.”

Freund described the current recession as the result of “greed and unbridled optimism,” and the prevailing Wall Street sentiment, “make profits now, worry later.” He said that the nation’s economy is now experiencing an expansion, but that recovery from the recession will be “tepid,” and very slow, with unemployment numbers decreasing only slightly in 2010.

Describing the nation’s “New Normal” economic conditions as including greater consumer savings and less spending, higher unemployment, a weaker dollar, and more government regulation, Freund predicted that technology will continue to fuel the nation’s economic growth. The “New Normal” will prevail for only 3-5 years before the economy fully rebounds.

To adapt to the “New Normal,” Freund encouraged the RV industry to focus on producing affordable products for more frugal consumers, and to continue to embrace innovations in style and products. The industry’s long-term prospects are good, Freund said, with increasingly favorable demographic trends as the Baby Boomer generation begins to retire. “The RV industry is beginning to climb out of the doldrums, and will benefit from entrepreneurship and the spirit of competition,” he said.

“The world is not coming to an end, despite the Great Recession,” Freund concluded. “There are glimmers of hope – the economy is no longer shrinking, recovery has started, and America has shown an ability to adapt to challenges and to survive.”

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Fee Cut to Boost Attendance at RV Show Seminar

November 23, 2009 by · Leave a Comment 

New York Stock Exchange (NYSE) Chief Economist Emeritus William Freund will deliver, “What is Ahead: A Focused Analysis of the RV Industry,” Thursday (Dec. 3) at 8 a.m. in the Kentucky Exposition Center’s South Wing Mezzanine Level Ballroom.

The Recreation Vehicle Industry Association (RVIA) has reduced the seminar fee to $40, ensuring that more 47th National RV Trade Show attendees will be able to attend the seminar for a detailed insider’s view of the state of the stock market and what’s ahead for the RV industry.

Freund, a world-renowned expert on productivity, the markets and globalization, will examine the economic crisis and how the ensuing plan to save the American economy has signaled an end to Wall Street as we know it and irrevocably altered the global business landscape. In a presentation tailored to the RV industry, he will discuss:

  • How the bailout and regulatory changes will impact the overall business community as Congress and the executive branch bring their legislative and policy powers to bear in the hopes of achieving increased transparency and accountability.
  • What is ahead for the RV industry in regard to the financial markets, financial services and banking.
  • The state of the stock market and analysis of issues that will dictate interest rates, the deficit and the future of trading markets.
  • Developments at NYSE and NASDAQ and the implications for the future.

Freund served as chief economist of the New York Stock Exchange for 18 years, and is an expert in analyzing financial markets and investing, providing up-to-the-minute relevant information about the challenges the RV industry is facing and transforming the most recent political and economic headlines into business and investment advice.

Attendees who have already registered and paid the original $70 fee will receive a refund automatically to reflect the reduced cost of the seminar and do not have to request a refund.

The seminar fee of $40 includes a full breakfast at 7:30 a.m. To order tickets, contact RVIA’s Show Department at (703) 620-6003. ext. 365.

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Wall Street Economist to Speak at National RV Show

November 9, 2009 by · Leave a Comment 

William Freund the New York Stock Exchange’s chief economist emeritus and a world-renowned expert on productivity, the markets and globalization, will deliver “What is Ahead: A Focused Analysis of the RV Industry” on Thursday, Dec. 3 from 8 – 9 a.m. at the 47th Annual National RV Trade Show in Louisville, Ky.

William Freund

William FreundThe economic crisis and ensuing plan to save the American economy has signaled an end to Wall Street as we know it and irrevocably altered the global business landscape, according to a news release from the Recreation Vehicle Industry Association. In a presentation tailored to the RV industry, Freund will examine:

  • How the bailout and regulatory changes will impact the overall business community, as Congress and the executive branch bring their legislative and policy powers to bear in the hopes of achieving increased transparency and accountability.
  • What is ahead for the RV industry including the financial markets, brokerage, financial services and banking.
  • The state of the stock market and an analysis of issues that will dictate interest rates, the deficit and the future of trading markets.
  • Developments at NYSE and NASDAQ and the implications for the future.

Freund served as chief economist of the exchange for 18 years, and is an expert in analyzing financial markets and investing, providing up-to-the-minute relevant information about the challenges the RV industry is facing and transforming the most recent political and economic headlines into business and investment advice.

Freund will speak to seminar attendees in the South Wing Mezzanine Level Ballroom . Seminar tickets cost $70 (advance) and $80 (on-site) and include a full breakfast at 7:30 a.m. To order tickets, contact RVIA’s Show Department at (703) 620-6003. ext. 365.

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