WesCorp's Credit Union Outlook 2004 Kicks Off

LAS VEGAS – WesCorp’s Credit Union Outlook 2004 opened last week with Standard & Poor’s Chief Economist Dr. David A. Wyss telling some 400 attendees that when the Fed is all said and done raising rates the fed funds rate will be at about 4%. As for the presidential election, he said whoever wins will inherit a trade deficit of $550 billion. If Bush wins another term, he told attendees his tax policy will be different, saying, “We will be going from tax cuts to tax reform, with a little more control in spending.” He noted that if Kerry wins, look for higher taxes and some cuts in government spending WesCorp’s three-day event is being held at Mandalay Bay Resort in Las Vegas. Most attendees are CEOs or CFOs, according to WesCorp. The conference has a very heavy slant to the economy and finances. Other speakers slated include Maury Harris, chief economist at UBS Securities; Peter McTeague, managing director at RBS Greenwich Capital; and economic futurist Jeff Thredgold.