As has been the case since the inception of the Dallas Mastermind Group, attendees of the April meeting continued to agree that business is booming in the Dallas metroplex. One key reason? The economy continues to be strong. Regular attendee Stephen Clayton of the Federal Reserve Bank of Dallas noted, “Every month I report the same thing: Our economists agree this cycle has gone on a long time … a really long time … but they’re still seeing no signs of a slowdown in Texas” and without the wage-growth pressure you might expect. Still, the realization that all good things must come to an end is beginning to plant seeds of doubt amongst some when it comes to long-range forecasting and planning. Additionally, the continued lack of volatility in the marketplace isn’t the best environment for investors. Blake Lugash of Realty Capital Partners noted that the ho-hum, no-drama status quo isn’t creating opportunities for investors to gain a foothold. “Nobody wants another 2008, but some of our best investments were during 2009-2011,” he noted.
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