Changing demographics, the economic and energy outlook and inflation were among the topics Ray Perryman, president and CEO of The Perryman Group, spoke about during a media availability Thursday.
Perryman spoke at a luncheon at the Odessa Marriott Hotel & Conference Center. The Perryman Group is an economic and financial analysis firm headquartered in Waco.
“… In terms of the economy, a lot has changed. … Texas was an all energy economy when I first started doing this, just beginning to dabble into technology, as an example. That changed a lot. People began to take a different view of economic development over the years and in how that works. That’s changed a lot. Obviously, economic policy (has) changed a lot,” Perryman said.
“Inflation was basically institutionalized. And of course, the savings account … a simple savings account, routinely paid 5 1/4 percent interest. … You had inflation built into the structure of the economy. We no…