Recession will remain soft and interest rates - low. The US has created less reliance on OPEC oil since the 70s. Without the 70s, 10 fold increases in oil prices, interest rates fluctuation will remain within reasonable ranges. Long term forecasts for deflation scenerio are unlikely. Prices will drop to adjust to supply and demand imbalances, but overall inflation will remain moderate. Supply chain sofware will keep inventories small and allow competitive price bargins to be realized. Just in time inventory management will allow companies to keep less products on hand. There will be a rising share of the economy coming from services. All job growth will be in the services sector. Adjustments in the business cycle may cause sales to become soft. In this case, outsourced services will become more attractive. Outsourcing will reduce operational costs while maintaining service quality. The trend of strong foreign investments will continue to remain strong.[Learn More ...]

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