I was talking about some of the signs that the economy has peaked and may be headed for a rough spot. Oil prices have stayed so high for so long that there is increasing inflationary pressure, forcing the Fed to keep pushing interest rates up, threatening to create the worst of all problems: stagflation.Brad pointed out, however, that there are some key things in the Utah economy that may help. He notes that the $100 million state-sponsored venture capital fund of funds is now in operation and it will likely drive a huge increase in venture fundings in Utah next year.
That, together with the fact that Utah is experiencing a construction boom across all real estate segments unlike anything Utah has seen since the late 1970s, suggests that the Utah economy should be strong in 2007--regardless of what happens in the national economy.
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