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In his keynote address to the Nashville Area Chamber of Commerce’s Business Outlook Summit today, economist Lowell Catlett downplayed the severity of current recession and spoke optimistically about the future. Catlett, who is the dean of the College of Agricultural, Consumer and Environmental Studies at New Mexico State University, said that he’s not making light of anyone’s struggles. But Catlett said some good economic news has been ignored in favor of the bad. He also said comparisons to the Great Depression go overboard, calling them “an insult to my father’s generation that went through” it. The national gross domestic product fell by half during the Great Depression, Catlett said. By comparison — and despite all the gloomy news — GDP increased 0.4 percent in 2008. Catlett predicted figures will show it rose again in 2009. Based on the length of prior recessions, Catlett predicted the current one will soon end. He also noted that 66 percent more people can afford a house today than in 1980.
“What drove us in, is going to help pull us out,” Catlett said, referring to the housing market collapse that precipitated the recession.
Dr. Lowell Catlett is a Regent’s Professor/Dean and Chief Administrative Officer at New Mexico State University's College of Agricultural, Consumer and Environmental Sciences. An exciting futurist, his knowledge of technologies and their implications on the way we will live and work is addressed in his varied and upbeat presentations. Dr. Catlett works on behalf of corporate and association audiences internationally, presenting his take on trends in healthcare, agriculture, the environment, education and more. His talks always address the current state of the economy, and what's in store for businesses down the road.Dr. Lowell Catlett is exclusively represented by Convention Connection. [wptab name='Speech Descriptions']
Understanding The World’s Largest Economy and Tomorrow’s New FutureThe U.S. economy emerged from its worst recession since 1938 to become the world’s first 15 trillion dollar economy in 2010. It did so because U.S. businesses increased productivity faster than any period on record all the while having the highest profits and largest cash reserves ever recorded. The U.S. is now poised to set the pace for new business activity globally as it became in 2012 the world’s first 16 trillion dollar economy. Manufacturing and construction industries will boom as new technologies change living and working spaces. These new technologies will also create growth in healthcare and agriculture as the demand for new lifestyles worldwide expands. Get ready for phenomenal growth as technology, demographics and new consumer expectations drive new business starts and the reformulation of current businesses.
Imagining the World of 2020Worldwide GDP reached a record high of 70 trillion dollars in 2012 and will continue to grow and prosper in new and creative ways. Creativity, technology and wealth are driving new industries and business development opportunities unlike any period in history. Healthcare, energy, education, finance and agriculture are changing at the fastest pace ever recorded as the new creative economy dominates both the service and manufacturing sectors. Get ready for a world that is increasingly borderless and un-tethered and driven by the fastest rate of change ever recorded in history.
The New Middle ClassOpen Source Hardware (OSH) and 3-D assemblers are driving the resurgence in manufacturing. It’s small, family-owned, local and often in garages. And the labor force needed for this renaissance is blue collar: people who know how to make things. Untethered Wireless Smart Mobiles (WSM) are connecting everything from healthcare to driverless cars and the labor force needed for this is no-collar- t-shirt- creative types who thrive on cultural clusters. Get ready for a major revolution in education, architecture and lifestyles as the new middle class in America dominates this century.
New Game, New Rules, New Reality: The Shifting Financial World of the 21st CenturyJust as it is difficult for the average American to imagine a world without running water, indoor plumbing, automobiles and food in abundance, the tectonic plates of the financial world are shifting in major ways. Never in modern history have there been so many people making decisions about lifestyles versus life itself and the consequences to the insurance and financial services industries are staggering. Certainly new products are in order, but just as importantly will be the development of the human capital necessary to help the new consumer live life to its fullest. Healthcare, wealth management and risk management become blurred and integrated in ways never dreamed before-new game, new rules, new reality.
Agriculture: What the World Needs Now – More Than EverThe Mars rover Curiosity has it and so does agriculture—LIBS (Laser Induced Breakdown Spectroscopy). Curiosity is using LIBS to look for life and agriculture is using LIBS to help build better lives by measuring carbon, nutrients and moisture in soils for increased yields and a better environment. Mobile apps with molecular and software camera lens monitor everything from plant and animal health to insect infestations and do so with a precision and accuracy that allows agriculture to feed 7+ billion people better than at any time in history all the while fostering a parallel local food system that can be organic and certified to the source. iDNA chips that instantly profiles plants, animals and people and moves agriculture to the forefront of healthcare and energy that has to increasingly control mother nature with precision application of nutrients and moisture. Agriculture becomes the world’s biggest industry because it is part of energy, healthcare, ecology and food.
Healthcare: To your health!Yes we need acute and trauma care and it is increasingly non-intrusive, remote and outcomes driven. But health, rather than illness, requires a continuum of care that is DIY, mobile, high tech and high touch. It’s a world where your DNA is necessary so a new liver can be 3-D printed for you as well as “Kangaroo” therapy for a premature baby. The very young and the elderly get “play therapy” and the workaholic gets “plant and animal therapy”. Its bricks and mortar as well as virtual and changing at an exponential rate both technically and socially all the while becoming the world’s largest industry. Dr. Catlett's program titles for 2012-2013 are listed below. Looking for a presentation/title you've heard at an event, and don't see it below? Just contact us, we'd like to work with you directly. [/wptab] [wptab name='Bio'] Dr. Lowell Catlett received his doctorate in Economics from Iowa State University, and has twice received the Don C. Roush Award for Excellence in Teaching. He is also a recipient of the prestigious Burlington Foundation Faculty Achievement Award for Outstanding University Teaching. In 1994 he was one of two Western Regional recipients of the National Association of State Universities and Land Grant Colleges "Excellence in College and University Teaching in the Food and Agricultural Sciences Award." He received the College of Agriculture and Home Economics Advisor of the Year as well as Teacher of the Year at New Mexico State University. He was one of six senior faculty members to be named New Mexico State's first Regents Professors. Dr. Lowell Catlett is a consultant to the U.S. Departments of Agriculture, the Interior, Defense and Labor. He has also been a consultant to many Fortune 500 companies.
Dr. Catlett's programs are highly customized to each audience. We are happy to provide direct references from past engagements, and we have a variety of preview videos available on request.[/wptab] [wptab name='Keynote Fee']Please call for Dr. Catlett's Keynote Fee. 1-800-443-9979.[/wptab] [wptab name='Clients']