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2020 Economic Outlook Conference

Tuesday, October 13, 2020, All Day Central Time (CST)

Corporate Central's Economic Outlook Conference will be held on Tuesday, October 13 and Wednesday, October 14, virtually. 

Tuesday, October 13

10:00 a.m. to 10:15 a.m. - Introduction from Kevin Chiappetta, CFA, Senior Vice President Investment Services at Corporate Central and President of QuantyPhi
10:15 a.m. to 11:15 a.m. - Roger Tutterow, Ph.D. presents: Economic, Business, and Political Climate
2:00 p.m. to 3:00 p.m. - Clare W. Zempel, CFA, CBE, presents: The Economic and Financial Market Outlook: 2020-2024

Wednesday, October 14

10:00 a.m. to 11:00 a.m. - Charles Dougherty presents: Economic Outlook in the U.S.
2:00 p.m. to 3:00 p.m. - Mike Schenk presents: Big Disruptions Magnify and Accelerate Change
3:30 p.m. to 4:30 p.m. - Panel Discussion, moderated by Kevin Chiappetta, CFA. Panelists and description coming soon


NEW! Corporate Central has waived the $189 participant fee for credit unions to virtually attend our Economic Outlook Conference. During these uncertain times, we realize credit unions are facing many challenges. The Economic Outlook Conference allows us to look towards the future in the only way we can, collaboratively. We want to offer all credit unions the opportunity to participate in this interactive conference. Registration closes Friday, October 9, 2020.

Register for the Economic Outlook Conference

Session Information

Economic, Business, and Political Climate

Presented by: Roger Tutterow, Ph.D.

Six years ago, we cleared important hurdles that were important steps back toward "normal.” As the economic expansion moved through its eleventh year, it was derailed by a global pandemic not seen in a generation. In this session, Dr. Roger Tutterow provides a timely overview of global, national, and regional economies including recent developments in the effect of COVID-19 on the retail sector and real estate, the causes and effects of the recent changes in energy prices, the structure and effect of recent fiscal stimulus, and the linkages between trade policy and currency valuation. Special emphasis is on changes in Federal Reserve policy operations over the past decade, recent volatility in the short-term funding market, the return to the zero-rate policy, the inflation outlook and implications for fixed income performance, the informational content of changes in yields curves and credit spreads, and the ongoing impact of changes in the political and regulatory climate on the financial institution performance.


Roger Tutterow, Ph.D.

Professor & Henssler Financial Endowed Chair
Director, Econometric Center
Department of Economics, Finance and Quantitative Analysis
Michael J. Coles College of Business
Kennesaw State University

Roger Tutterow is Professor of Economics at Kennesaw State University where he holds the Henssler Financial Endowed Chair. In addition, he serves as Director of the Econometric Center, an applied research center housed in the university’s Coles College of Business.

His analyses of the economic, business, and political environments have been featured in a variety of media including Wall Street Journal, Financial Times, Business Week, Forbes, USA Today, Atlanta Journal Constitution, Arizona Republic, Florida Times-Union, Kansas City Star, Los Angeles Times, New York Times, Orlando Sentinel, Palm Beach Post, Wichita Eagle, and on CNN, CNBC, NBC, Bloomberg Television, NPR’sMarketplace” and “All Things Considered,” CNN-Radio as well as by regional electronic and print media.

In addition to his work in academia, Dr. Tutterow has served as a consultant on financial economics and statistical modeling for corporate clients ranging from Fortune 500 companies to closely held businesses. He has provided expert testimony on economic, financial, and statistical matters in state and federal court, before the Georgia General Assembly and before the Georgia Public Service Commission. Dr. Tutterow has given several hundred speeches to professional groups in over 40 states and Canada on topics in the economic, business, and political arenas.

Dr. Tutterow served on the Council of Economic Advisors, under Georgia Governors Sonny Perdue, Nathan Deal, and Brian Kemp. In 2010, he was named to the Special Council on Tax Reform and Fairness for Georgians, which conducted a comprehensive review of Georgia’s Tax Code. In addition, Dr. Tutterow serves on the Georgia Child Support Commission, the Cobb County Public Employees’ Pension Board, and the Board of Trustees of Berry College. He previously served as Chairman of the Board of Directors of Vinings Bank, on the Southern Region Board of Directors for the American Red Cross Blood Services, and the Board of Directors for Consumer Credit Counseling Service of Atlanta. He was selected by Georgia Trend magazine as a “notable Georgian” and as one of “Georgia’s Most Influential” by James magazine.

A Georgia native, Dr. Tutterow holds a B.S. in Decision Science from Berry College and a M.A. and Ph.D. in Economics from Georgia State University. Prior to joining Kennesaw State University, Dr. Tutterow held faculty and administrative appointments at West Virginia University, Georgia State University, and Mercer University. He has also served as a visiting professor at the University of the West Indies in Trinidad and at the Institute for Industrial Policy Studies in Seoul, South Korea.

The Economic and Financial Market Outlook: 2020-2024
Presented by: Clare W. Zempel, CFA, CBE

Will the economy recover slowly and falteringly or sharply and progressively from its deep coronavirus-induced springtime shutdown? Can the Federal Reserve’s unprecedented stimulus support economic recovery without lifting inflation and interest rates to troublesome levels? Just how much will federal taxes, spending and regulations change after this fall’s elections? Will international economic-political trends support or hinder our economy? Is the stock market overvalued or not? Zempel will show the relevant facts and share how he interprets them to answer these and other questions important to credit unions in the years ahead.


Clare W. Zempel, CFA, CBE

Zempel Strategic
Applied Economics and Financial Market Analysis

Clare Zempel honed his nimble approach to a dynamic analysis of complex economic and financial issues as an economist and investment strategist for major national firms. Prior to founding Zempel Strategic in 2004, Zempel served as Director of Investment Policy, Chief Investment Strategist, and Chief Economist for Robert W. Baird & Co. Inc., and as Chief Economist for the First Wisconsin Corporation (now U.S. Bank). Zempel is known for creating the “Zempel Strategic Stock Market Model” to help investors enhance returns and lower risks. He identified “Zempel Zones” within business cycles to help pinpoint when recessions threaten, and he developed the “Zempel Checklist” to help businesses and investors act in time to protect themselves in downturns and exploit opportunities in upturns. Zempel has addressed numerous conferences and seminars in the United States and Canada. He has appeared on CNBC and NPR. The New York Times Magazine counts him among leading business and academic economists, and Business Week lists him among the top investment strategists in the country. The Executive Education Department at the University of Wisconsin-Madison calls him a “dynamic expert on investments” and “the Midwest’s most sought-after communicator of savvy, practical investment advice.”

Economic Outlook in the U.S.
Presented by: Charles Dougherty

Dougherty will provide an in-depth review of current conditions and insights into how the U.S. economy is expected to perform in coming months. He will cover key elements of the national economy, including prospects for GDP growth, the housing market and banking sector, as well as expectations for the path of interest rates. Dougherty will leave time at the end for a Q&A session.


Charles Dougherty

Vice President and Economist
Wells Fargo Securities, LLC

Charlie Dougherty is a Vice President and Economist with Wells Fargo Securities. Based in Charlotte, North Carolina, he covers the commercial real estate, housing, and construction sectors of the U.S. regional and macro economy. He regularly writes indicator reports, produces special commentary, and contributes to the company’s Weekly Economic & Financial Commentary. His commentary on the regional and U.S. economy has been featured in various regional and national media publications, including Bloomberg News and The Washington Post.

Before joining Wells Fargo in 2017, Dougherty worked as a regional economist and consultant for IHS Markit and more recently for CertainTeed, one of the largest building product manufacturers in North America. He holds a B.A. and B.S. in economics and finance from the University of Pittsburgh and an M.A. in economics from Temple University in Philadelphia. He is a member of the National Association of Business Economics, Philadelphia Council of Business Economics, and Charlotte Economics Club.

Big Disruptions Magnify and Accelerate Change
Presented by: Mike Schenk

The COVID-19 pandemic and related economic crisis have underscored this point at credit unions in many obvious ways. What changes are likely to be temporary? Which will be permanent? For clues, Schenk will review research from the consumer packaged-goods (CPG) industry and will explore five key trends that could be game-changers for the movement.


Mike Schenk

Deputy Chief Advocacy Officer/Chief Economist
Credit Union National Association

Mike Schenk has over 35 years of experience in the financial services industry. In 1992 he joined the Credit Union National Association (CUNA) – the largest and most influential national trade association advocating for America's credit unions. There are over 5,000 credit unions nationwide, with 115 million memberships and over $1.5 trillion in assets.

Schenk is Deputy Chief Advocacy Officer for Policy Analysis and Chief Economist for CUNA and conducts economic research and supports CUNA’s public relations and advocacy efforts. His analyses regularly appear in trade publications such as Credit Union Magazine. He also is a frequent contributor to the financial media.

Schenk serves on the board of the Filene Research Institute, an independent, non-profit consumer and cooperative finance think tank. He also serves on the board of Summit Credit Union in Madison, Wisconsin – a $4 billion financial cooperative with 200,000 members. He serves as board chair and has served as chair on the credit union’s Asset-Liability Management and Risk Management/Internal Audit Committees.

Panel Discussion
Panelists and discussion topic to be released at a later date.

All sessions will be recorded, uploaded to YouTube, and then made available to attendees following the series.

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