North Dakota

I testified in front of the state legislature forecast committee at the end of July and gave my feedback on proper process improvement North Dakota could, and should, make. Each of the items I mentioned could be an entire discussion on its own which makes testimony under a time limit a bit of an issue. And then I realized, I have a blog, so I can extend my thoughts as needed. The first point to discuss further is forecast horizon.

Continue reading (Forecast) Horizons in North Dakota

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Americans Are Dying Younger, Saving Corporations Billions – Bloomberg

This is a really important article for businesses, but especially those in North Dakota. With a long reputation of "greying faster than the country as a whole" it raises the question of whether businesses in the state, or the state, would reap similar (potential) benefits. The simple fact is that we continue to see errors made in terms of benefit contributions and shortfalls in pensions, even in North Dakota. We can do the math better and we should.

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Many people ask me about the challenges for the North Dakota economy moving forward. This is much more difficult to do than it may seem; there are no easy answers here. There are many reasons for this. What seems to be an problem now may resolve itself of its own accord in the near future. It could also be the case new problems arise as a result of federal policy or technological innovations. As Yogi Berra said, “Predicting things is hard. Especially about the future.”

Continue reading Challenges for North Dakota, pt. 1

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