Im Not Wildly Bullish on Economy Next Year: Purves

The video discusses economic predictions for 2014, focusing on a steady GDP growth and low inflation. It highlights corporate strategies like stock buybacks amid low Treasury yields. The impact of low oil prices on the job market and consumer spending is analyzed, with a focus on wage inflation. Finally, predictions for the S&P 2015 performance are shared, indicating a bullish outlook.

What was the speaker's outlook on the US economy for 2014?

• Recession imminent

• Wildly bullish

• Rapid growth expected

• Steady solid grind

What does the speaker suggest is a key driver of synthetic earnings growth?

• Stock buybacks

• Government stimulus

• Increased consumer spending

• Rising interest rates

How does the speaker view the impact of low oil prices on the economy?

• Completely negative

• Net positive

• No impact

• Highly detrimental

Which states are mentioned as having created many jobs due to the oil industry?

• Ohio, Michigan, Illinois

• Nevada, Arizona, Utah

• North Dakota, Colorado, Texas

• California, New York, Florida

What is the speaker's outlook for the S&P 500 in 2015?

• Decline expected

• Double-digit gains

• Slight increase

• No change