The Economic Minute: Waiting for consumers to find their smiles
The drop in taxable retail spending over the past two years in Arizona has been dramatic -- even for a historic slump. Dennis Hoffman, director of the Seidman Research Institute at the W. P. Carey School who has provided revenue forecasts for Arizona's governors for more than 20 years, says one clue to the drop lies in the housing market. Dr. Hoffman was speaking at the November 18 Economic Club of Phoenix luncheon.
The drop in taxable retail spending over the past two years in Arizona has been dramatic -- even for a historic slump. Dennis Hoffman, director of the Seidman Research Institute at the W. P. Carey School who has provided revenue forecasts for Arizona's governors for more than 20 years, says one clue to the drop lies in the housing market. Dr. Hoffman will refer to these slides during the podcast. Let's join him now as he delivers the Economic Minute at the November 18 Economic Club of Phoenix luncheon.
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