2012-06-28
Author:article and photos by Jim Hsu, TFTA Director and President of PAR EXCELLENCE INDUSTRIAL CO.;
photos by Jim Hsu, and Tracey Lumia of Distributor’s Link Class:none
National Fastener Distribution Association (NFDA) held its Spring 2012 Annual Meeting and Executive Sales Planning Summit (ESPS) in early May in Braselton, GA. The three-day schedule was held in the hotel lobby, in the reception room, by the swimming pool and outdoors with a pleasant atmosphere for business talks, product demonstration, and information interchange. This is the big difference from the former annual meetings.On the first day, NFDA invited the distinguished economic trend analyst, Alan Beaulieu, the senior economy consultant of National Association of Wholesaler-Distributors (NAW) to analyze and predict the short, medium, and long-term economic trends in the US. Beaulieu stated that this year and next year, US economy is basically good and is not as bad as some media predicted. However, it is followed by a mild recession during 2014 until another dramatic recession in 2019. People who are richer are easier to borrow money from banks. Therefore, “Get as many loans as you can!” he suggested. People can take loans to purchase real estate for investment when the US property market starts slowdown during 2014. The reason for the investment suggestion is fewer people can afford US real estate after 2025.
After the speech, new President of NFDA, Jay P. Queenin, (…)
