Despite the recession, there are reasons to take heart, an insurance industry economist told Life Settlement Summit attendees.
Steven Weisbart, chief economist at the Insurance Information Institute, New York, talked here at the summit about “5 points for a brighter future” – indicators that seem to him to be signaling better times ahead.
1. There are some signs of thawing in the interest rates banks charge to lend money to other banks, suggesting the current tight consumer credit markets may start to ease up before long, Weisbart suggested.
2. The Obama administration’s expected drive to reduce the nation’s oil consumption, could reduce energy prices, Weisbart predicted.