The economic outlook for 2021 is very complicated as the regional and national economies rebound from the battle against COVID. It is truly a tale of two economies, with some industries having the greatest years ever and others experiencing the worst. A few examples are; technology companies v. hospitality, wall street v. main street, industrial real estate v. retail real estate, as well as impact of shutdowns between just LA and OC. The political environment is having a greater and greater impact on the economy and 2021 will be no different on a national and local level. The largest government stimulus packages in history have been injected into the economy and policy has been determining winners and losers. The size and number of businesses leaving the state of California grew significantly this year and will have many ripple effects on our state’s economy.
Ike Brannon, President Capital Policy Analytics Group and Carson Lappetito, President, Sunwest Bank
Carson Lappetito serves as the President of Sunwest Bank and COO of its parent company H Bancorp. Prior to the formation of H Bancorp, he served as Vice President of Hovde Private Equity Advisors where he was responsible for analyzing and valuing investment opportunities as well as assisting portfolio companies with M&A, investment management and ALCO. Prior to Hovde, Mr. Lappetito was a senior analyst and product manager at Darling Consulting Group, where he was responsible for advising a wide range of community banks on asset liability management. Mr. Lappetito graduated from Bates College with a B.A. in Economics and Political Science and a minor in Mandarin Chinese.
Ike Brannon is president of Capital Policy Analytics. He is a Washington, D.C.-based economist who writes frequently on public policy issues. Brannon is a senior fellow at the Jack Kemp Foundation.
Brannon previously worked as a senior fellow at the Cato Institute and the George W. Bush Institute. Before that he spent nearly a decade in government, serving as the chief economist for the House Energy and Commerce Committee, the Republican Policy Committee, senior adviser for tax policy at the U.S. Treasury, principal economic adviser for Sen. Orrin Hatch (R-Utah) on the Senate Finance Committee, and senior economist for the Office of Management and Budget. Brannon was also the chief economist for the 2008 presidential campaign of Sen. John McCain (R-Ariz.).