Speaking to the Evansville Rotary Club yesterday, Arensman said robust consumer spending and corporate earnings as well as high employment rates show the economy is solid, according to the Courier & Press. Factory capacity is running at 83 percent, which should spark demand for equipment.
Two of the following would need to occur to upset the momentum, he said: Oil prices climbing to $100 a barrel from current levels near $50; the prime interest rate rising to 11 percent from 6.5 percent; inflation escalating to 6 percent from 3 percent; and home prices falling 10 percent.
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