Ben Henderson — Introduced as the next speaker after Doug.
Jim — Scheduled to speak after Ben; full identity not provided in the transcript.
Allen — Allen begins remarks on consumer sentiment, inflation expectations, and housing.
Alan — Said the AI bubble would likely be just that—a bubble—and invited questions.
Lorenzo — Lorenzo discussed the resilience of the national economy and said Arizona appears to be in better shape than many states, though caution is still warranted. He described a K-shaped economy in which stronger segments remain resilient while the lower end needs close monitoring, noted that companies are right-sizing and improving efficiencies to protect margins amid inflation, and said the key solution for the weaker end of the economy would be wage growth above inflation. Overall, he urged continued monitoring without panic.
George Hammond — George Hammond from the University of Arizona was introduced and invited to comment on population estimates and related trends. He then explained that Arizona is still growing, but very slowly, noting that job growth is unusually slow and cautioning against overinterpreting preliminary BLS revision data.
Richard — George Hammond directly addresses Richard multiple times in the course of the same exchange, thanking him, indicating that his remarks should answer Richard’s question, and then turning the discussion back to Richard.
Doug — Referenced as having pointed out that job data will be revised.
Hans Olofsen — He is introduced as the staff member who will discuss forecasting state revenues.
Ben — Ben is introduced as the next speaker.
SB1106 — Senate Bill 1106 is discussed as a bill that was passed by the legislature but vetoed by the governor. The speaker then notes that the vetoed bill does not exactly match the current DOR tax forms and later adds that it does not include the increased SALT deduction, linking the bill to the broader tax-form and budget discussion.
Danny Kord — Danny Kord is introduced as the next presenter from the LAPAC firm and invited to begin. He then opens his remarks, saying he will move quickly through the presentation, and begins discussing recession indicators, noting that despite repeated warnings, a recession has not materialized.
Danny — The speaker closes by thanking Danny for his comprehensive presentation on the national and state economy, and shortly afterward another panel member praises Danny’s presentation and says they largely agree with his comments.
Danny — Referenced as having discussed the balancing of jobs and job openings in his presentation.
Danny — Referenced as having described labor-market balancing in his presentation.
Danny — Referenced as having pointed out the reduced population forecast.
Danny Court — He will provide a broader perspective on the national and state economy.