John Tuccillo Florida Realtors johnt@floridarealtors.org Challenges and Opportunities: A Commentary on Florida and the Global Economy.

John TuccilloFlorida Realtors

johnt@floridarealtors.org

Challenges and Opportunities: A Commentary on Florida and

the Global Economy

Where Is The Global Economy Now?The United States

Weak recoveryPessimistic consumersNoxious domestic politics

EuropeThe haves and have-notsThreats to the euroSovereignty vs. community

The emerging giantsChina’s hiccupIndia, Brazil, Mexico

Challenges: The WorldEconomyThe problems of maturity

Cost disadvantagesThe social netDemographic conflict

The problems of adolescenceSlowing growthResource pressures

Interrelationships and Repercussions: Made in the WorldThe integrated global financial systemThe growth in world tradeTransnational investment and productionIndividual investorsGlobal politics

What Next?Crisis aversion in the EC

No one likes the solution, but it will occurDiscussions about the long term future of the

euroMiddling growth in the U.S.

Nothing to fire the economy upContinued consumer malaiseImproving employment

Slowing of emerging economiesImpact of the U.S. and Europe

Florida’s Economy

Ahead of the nationMini-recovery in real estateStrong employment growthA return of the boomers

Opportunities: Thinking GloballyThere are always investment opportunitiesReal estate values revert to historical

trendsLiquidity is kingNiche marketingPrice changes and exchange rates