VILLE PLATTE ROTARY CLUB MEETING
AUGUST 19, 2014
The Rotary Club of Ville Platte today (Tuesday)heard from Rotary Club President David Mayeaux give his financial firm’s mid -year outlook. He said the economy is expanding at about 3% and investors can expect a 10-15% return on stocks and a flat return in the bond market.
He explained the economy is cyclical in nature. In 2008, when the recession struck, the economy began shrinking. In the last few years, there were signs of an early recovery with industry began adding jobs. Right now, we are in the mature market with an improving economy and inflation returning. He said the next cycle in the economy ahead is the peak of the market with rising inflation with the Fed hiking interest rates.
Mayeaux expects the global economy will do better this year and he forecast 10-15 percent return in the stock market.
In other news, the rotary club:
--accepted Nicole Winger with Dry max Restoration as a new member;
--was reminded that the city sponsored Farmers Market will be held Friday from 5-7pm at the Downtown Park. It was also reported that the McNeese Women’s Basketball Team as at Chicot State Park last night and helped clean up the new Boys and Girls Club location today and visited with Jenn and Steph at KVPI Studios.