In front of a record crowd of nearly 750 people, Mr. King’s assessment was that, as we come out of an extremely difficult recession, we are regaining our footing and the economy is decidedly more positive. He affirmed that the general mood has improved over the past 3-4 months and that broad-based economic measures are more positive. Housing is heading in the right direction, he said, but will take time; retail is slowly improving; and manufacturing is looking more encouraging. Issues with unemployment and real estate will continue, he says, ups and downs should be expected, and everyone will have to cut costs and make hard decisions in order to correct the economy’s overall structural imbalance. Nonetheless, he anticipates solid growth over the next five years.

His address, entitled After the Crisis, also focused on what companies, governments, and individuals can do to provide our economy with a strong foundation for future growth. View Mr. King’s presentation now online or see the upcoming broadcast schedule on WSTV 13.