C-Circle – Economic Outlook for 2016: Are We in a Bubble?

Date: Tuesday, January 26, 2016
Time: 8:00am-10:00am
Location: Morgan Lewis
3000 El Camino Real
Two Palo Alto Square
6th Floor
Palo Alto, CA 94304


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Silicon Valley seems to be booming. The price of real estate is rapidly rising, the cost of talent is at an all-time high and the unicorns are running wild. Yet, Goldman Sachs just released a sobering assessment of what’s in store for the U.S. economy and for investors next year. The investment bank only recently cut its forecast for 2016 U.S. economic growth to 2.4 percent, down from a previous estimate of 2.8 percent. That sharply reduced estimate would barely exceed Goldman’s forecast for 2015 and is a sign that the US economy is running in place rather than sprinting ahead as many economists were predicting late last year. Even that growth estimate acknowledges serious headwinds such as a slowdown in China, fears of terrorism and conflict in the Middle East, stagnation in Europe, recessions in Japan and Brazil and collapsing commodity and energy prices. Please join your fellow executives and our expert in discussing the economic outlook for 2016 and what it means for Silicon Valley and your company including the following questions:

  • Morgan Stanley recently predicted that the Global economy will shrink 5% in 2016 and the International Monetary Fund is predicting that the global economy will be stronger in 2016 than it was in 2015, who is correct?
  • How would a global slowdown effect companies in Silicon Valley?
  • Is the “China slowdown” real? What forces are driving economy in China?
  • What impact will a slowdown in China have on the US and Silicon Valley economies?
  • Will Europe and Japan cheapen their currencies to boost exports and domestic employment?
  • What impact will these strategies have on Silicon Valley companies?
  • Are Brazil and Russia currently in recessions?
  • What are the expectations for wage growth in 2016?
  • How will cheap oil impact the US and Silicon Valley economies?
  • What is the outlook for the IPO market in 2016?
  • Is M&A activity in 2016 expected to be higher than in 2015?
  • What is the outlook for venture capital funding in 2016?
  • Will start-up valuations increase, decrease or stay the same?
  • Will the intense competition for talent continue in 2016?
  • What are the expectations for wage growth at the middle wage/ middle skill segments of the market in Silicon Valley?

Guest Expert

 

Scott A. Anderson, Ph.D.

Chief Economist,
Bank of the West

Scott Anderson is a Senior Vice President and Chief Economist at Bank of the West. In this role he analyzes international, national and regional economic trends and provides forecasts for Bank of the West management, business lines and clients. An experienced economic advisor in the financial services sector, Scott was recognized as one of the top economic forecasters in the country by Bloomberg and USA Today.

Prior to Bank of the West, Scott was a Director and Senior Economist at Wells Fargo where he produced the macroeconomic forecast and was the author of the Weekly Economic & Financial Commentary, the Monthly Global Economic Outlook report, and the California and Minnesota Outlook reports. He has also covered the major economies of Europe and Asia, most recently covering Japan, Singapore, South Korea and Taiwan.

Scott has held positions at Moody’s Analytics and the International Monetary Fund. He was appointed Chairman of the American Bankers Association Economic Advisory Committee in 2012 and to the California Council of Economic Advisors in 2015 and to the Minnesota Council of Economic Advisors in 2010. Among his numerous professional affiliations, Scott is a member of the Federal Reserve’s Survey of Professional Forecasters and the National Association of Business Economists’ Macroeconomic Forecasting Panel.

Scott earned his bachelor’s degree in economics from the University of Minnesota and his master of philosophy degree in economics and his doctorate in economics at George Washington University.

Scott’s economic research is widely read and cited by the financial and business community, and he has appeared in numerous print, television, and radio media outlets, including the New York Times, Washington Post, Los Angeles Times, Bloomberg, CNBC and NPR.

 

Are you a CEO or other C-level executive and wish to request to be part of these events?