january 2015 newsletter back to the future ii and the economy in...
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1/12/2015 January 2015 Newsletter
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January 2015 Newsletter
FinancialBack to the Future II And The Economy in 2015The Hollywood blockbuster Back to the Future,released 30 years ago in 1985, has been garneringsome headlines lately because its sequel, Back tothe Future II, was set mainly in 2015. How might2015's economy compare with 1985's?
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FinancialLPL Financial Research Presents: 2015 Outlook"As we shift toward the latter stages of theeconomic cycle in the years ahead, bumps andpotholes in the form of rising volatility will be morefrequent. Yet it will likely not be the roadconditions that throw most investment portfoliosoff track, as we forecast relatively strong economicgrowth unfolding over the horizon. Rather, it willbe the pull of our emotions that could derail apotentially rewarding journey. As investors,keeping our emotions in check when confrontedwith a bumpy road will ultimately be the key to success in 2015."
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OffTopicNike Plans to Release Back to the Future Shoes,Complete With Power Laces, in 2015
1/12/2015 January 2015 Newsletter
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Nike shoe designer Tinker Hatfieldconfirmed news of the release at the AgendaEmerge trade show in Long Beach,California. Great Scott!
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Link to Patent
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Red Oak Financial | 303 S. Kickapoo St. | Lincoln | IL | 62656
January 9, 2015
Dear Valued Investor,
Happy New Year. The Hollywood blockbuster Back to the Future, released 30 years ago in 1985, has been garnering some headlines lately because its sequel, Back to the Future II, was set mainly in 2015. Although some of the film’s depiction of 2015 — flying cars, sneakers with automatic shoelaces, time travel, and the Cubs winning the World Series — has yet to happen (sorry Cubs fans), some things about life in 2015 did come true. Flat-panel TVs, hands-free gaming, cameras everywhere, video chatting, and yes, even drones, all appear as staples of everyday life in 2015.
Back to the Future II doesn’t tell us much about the economy in 2015. But how might 2015’s economy compare with 1985’s, which is often thought of as part of the roaring 1980s and, in some respects, a golden age for the U.S. economy?
Although 1985 was only the second full year of economic expansion after the back-to-back recessions of the early 1980s (1980 and 1981–82), the year would see 4.2% economic growth as measured by real gross domestic product (GDP), well above the long-term average (1960–2014) growth rate of 3.1%. The economy created an average of 175,000 private sector jobs per month and the unemployment rate was 7.3% as the year began. The Federal Reserve (Fed) raised rates in early 1985, but then cut rates in the second half of the year, while inflation as measured by the Consumer Price Index (CPI) ranged between 3.5 and 4.0% for much of the year. Exports accounted for just over 6% of GDP.
As noted in our Outlook 2015: In Transit publication, we expect that 2015 will mark the sixth year of the economic expansion that began in June 2009, and that the odds of recession in the next year remain low, suggesting that the current economic expansion may match, or even surpass, the expansion that began in 1982. We expect real GDP growth just over the long-term growth rate of 3.0%, led by business spending, housing, and the consumer. We expect the Fed to begin raising rates later this year, and that the economy will consistently create between 225,000 and 250,000 jobs per month. Inflation is likely to be pulled down by falling oil prices in early 2015; but later in the year, as wages begin to accelerate, inflation may turn higher. In 2014, exports accounted for 14% of U.S. GDP, nearly double 1985’s level, making the U.S. economy more vulnerable to global growth in 2015 than it was in 1985.
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By the end of this year, the expansion that began in June 2009 coule possibly become the fourth-longest post-WWII expansion, just behind the 1982–1990 expansion that lasted 92 months. As for the flying cars, time travel, and the Cubs, we’ll leave that to Hollywood.
As always, if you have any questions, I encourage you to contact your financial advisor. Have a great year!
Sincerely,
John Canally, CFA Chief Economic Strategist
This research material has been prepared by LPL Financial.
To the extent you are receiving investment advice from a separately registered independent investment advisor, please note that LPL Financial is not an affiliate of and makes no representation with respect to such entity.
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Nike Hoping to Release SelfTying 'Back tothe Future' Shoes in 2015By Dan Carson, Trending Lead Writer Jan 9, 2015
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The future is not here, sneakerheads. Butit's on the way.
Nicekicks.com (h/t OregonLive.com's AllanBrettman) reports that, before year's end,
Nike is hoping to release a working pair of selftyingNike MAG shoes like the ones worn by Marty McFlyin Back to the Future Part II.
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Nike shoe designer Tinker Hatfield confirmed newsof the release at the Agenda Emerge trade show inLong Beach, California, on Tuesday. The gist ofHatfield's message was that the shoe was indevelopment, but to not expect the final product tobe in stores in the immediate future.
Last year, Brandon Richard of solecollector.comrelayed that Hatfield did believe an operatingversion of the shoe would be realized in 2015.
"Are we gonna see power laces in 2015? To that, Isay yes!" Hatfield said.
If Nike manages to pull the project off, it will markthe full realization of a concept shoe dreamed upthree decades ago. Ever since McFly first sank intothose flashy hightop kicks in 1985, fans of themovie and shoe enthusiasts have daydreamedabout the possibility of selftightening laces.
Until now, the shoe has only been available as anonfunctioning novelty, released several times overthe last decade as a limitededition kick. One of theMAG's more recent resurgences involved a 2011Nike commercial with Kevin Durant, Bill Hader andChristopher Lloyd as Doc Brown.
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Over the last five years, supposed blueprints for amodel with power laces have made the rounds onthe Internet, but Hatfield's words mark the firstconfirmation that the company is on the cusp ofmaking the technology a reality.
Rejoice, friends. We're months away from nevertying our shoes again, and presumably a step closerto seeing a real, nonhoaxy hoverboard on themarket.
What a time to be alive.
1/12/2015 Nike MAG 2015 with Power Laces in US Patent Nice Kicks
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NIKE MAG 2015 WITH POWER LACES IN USPATENT PAPERS
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Late last night we broke the news of Tinker discussing the Nike MAG 2015 with Power Laces andwanted to share some additional information about the shoes and the power lacing system. As a son ofan engineer, I will always remember my father’s words with regard to “how things work” since I was akid.
“The proof is in the patent.” – David Halfhill
1/12/2015 Nike MAG 2015 with Power Laces in US Patent Nice Kicks
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With that in mind, we pulled up a copy of the US Patent papers that Nike filed for and were approved. Something to note is that since their initial patent paper filings, the shoes have drastically changed sincewe first spotted them in 2010.
We have highlighted some of the important pages below and have attached all 29 pages of the US Patentfiling (8,769,844 B2) that explicitly states the designer/inventor as Tiffany Beers, Michael Friton,and Tinker Hatfield – all toplevel Nike designers and engineers.
While the shoes are commonly referred to as the Nike Air MAG, it appears that with the power lacingsystem deep in the midsole of the shoe, there is no room for an Air unit. In 2011, the shoes were referredofficially as the Nike MAG due to lack of Air cushioning and it looks like the same will be true with the2015 release of the Marty McFly shoes.
Something to note as well is a weight sensor in the shoe. Perhaps future Hoverboard compatibility? That’s next.
Nike MAG 2015 US Patent header listing Designers and Inventors
1/12/2015 Nike MAG 2015 with Power Laces in US Patent Nice Kicks
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Nike MAG 2015 US Patent with button to activate Power Laces
1/12/2015 Nike MAG 2015 with Power Laces in US Patent Nice Kicks
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Nike MAG 2015 US Patent detailing Power Lacing System
1/12/2015 Nike MAG 2015 with Power Laces in US Patent Nice Kicks
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Nike MAG 2015 US Patent detailing Power Lacing System
1/12/2015 Nike MAG 2015 with Power Laces in US Patent Nice Kicks
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Nike MAG 2015 US Patent schematic
1/12/2015 Nike MAG 2015 with Power Laces in US Patent Nice Kicks
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Nike MAG 2015 US Patent ankle collar power lacing system
1/12/2015 Nike MAG 2015 with Power Laces in US Patent Nice Kicks
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