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ITR Economics, which claims a 94.7% forecasting accuracy, warns the world could face a global depression beginning around 2030. Patrick Bet-David and the panel debate the risks of rising debt, aging populations, Social Security, and how investors can prepare for what's ahead.
This week on TrendsTalk, ITR Economist and Speaker Taylor St. Germain is joined by Economist Derek Stanely to discuss which US states are best positioned to weather the projected 2030 downturn. With workforce availability, population trends, fiscal health, and economic resilience varying widely across the country, where should businesses focus their growth and diversification efforts? Discover the key factors behind ITR Economics' rankings of the most resilient and most at-risk states, and learn why geographic strategy may become a competitive advantage in the years ahead. Which states do you think will be best positioned for the next decade? Join the June 25 rebroadcast with live Q&A, all registrants receive the recording and slide deck. → https://hubs.ly/Q04dnhxM0
Jun 19, 2026 – Could a second Great Depression hit by 2030? Financial Sense Newshour's Jim Puplava unpacks ITR Economics' sobering forecast—exploding national debt, surging interest costs, and unsustainable entitlements converging...
On this episode of Zen and the Art of Real Estate Investing, Jonathan Greene welcomes back Lauren Saidel-Baker, economist at ITR Economics, for a wide-ranging conversation about where the economy stands today and how investors should think about the years ahead. Returning after her earlier appearance discussing unbiased and apolitical forecasting, Lauren brings an updated perspective on inflation, interest rates, real estate, AI, demographic shifts, and why long-term planning matters more than reacting to headlines. Lauren explains how economists approach uncertainty by relying on historical precedent instead of daily news cycles. While current events—from geopolitical conflict to inflation concerns—create volatility and attention-grabbing narratives, she shares why forecasting requires stepping back and focusing on long-term indicators rather than constant reactions. The conversation explores how factors like energy prices, wage pressure, consumer sentiment, and affordability continue shaping the economy even when individual headlines dominate public attention. Jonathan and Lauren also dive into what these trends mean specifically for real estate investors. They discuss why housing affordability remains strained, how builders may still be creating the wrong types of homes for today's buyers, and why demographic and migration trends matter more than broad national narratives. Lauren explains how investors should think about interest rates, local market dynamics, and positioning themselves for long-term opportunity instead of waiting for perfect market conditions. The episode also revisits one of Lauren's most discussed forecasts: the economic challenges projected around 2030. She outlines why demographic shifts, government spending obligations, and debt pressures remain central themes in ITR's long-term outlook and explains why preparation—not fear—is the right response. Rather than viewing downturns as disasters, Lauren emphasizes that periods of disruption often create extraordinary opportunities for investors who remain disciplined, stay informed, and maintain flexibility in their financial decisions. In this episode, you will hear: • Why economists rely on historical precedent instead of reacting to daily headlines • How inflation, energy prices, and interest rates continue shaping real estate markets • Why affordability challenges and migration trends are changing housing demand • What investors should understand about AI, productivity, and long-term economic growth • Why Lauren continues to emphasize planning ahead for the economic shifts expected around 2030 Follow and Review If you enjoy the show, please follow Zen and the Art of Real Estate Investing on Apple Podcasts and leave a rating and review. It helps other listeners discover the show and supports its continued growth. Supporting Resources Connect with Lauren: Website - https://itreconomics.com/ Youtube - https://www.youtube.com/@ITREconomics Instagram - https://www.instagram.com/itreconomics LinkedIn - https://www.linkedin.com/in/lauren-saidel-baker/ Other Resources - https://hubs.la/Q04kKs-k0 Connect with Jonathan: Podcast - www.zenandtheartofrealestateinvesting.com YouTube - www.youtube.com/JonathanGreenere Instagram - www.instagram.com/zenrealestateinvesting Instagram - www.instagram.com/trustgreene Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/zenandtheartofrealestateinvesting Jonathan's Hub Site - www.trustgreene.com Brokerage - https://www.streamlined.properties This episode was produced by Outlier Audio.
Today, “Marketplace Morning Report” Kimberly Adams is joined by economist Lauren Saidel-Baker with ITR Economics to break down the results. The food manufacturer Campbell's reported a 4% decline in sales, citing inflationary pressures and softer demand, while Smucker's, Dollar General, and Five Below all flagged consumer stress in their outlooks. Later in the show, we look at how longstanding challenges for rural Alabama communities accessing healthcare might get worse because of federal policy changes.
Today, “Marketplace Morning Report” Kimberly Adams is joined by economist Lauren Saidel-Baker with ITR Economics to break down the results. The food manufacturer Campbell's reported a 4% decline in sales, citing inflationary pressures and softer demand, while Smucker's, Dollar General, and Five Below all flagged consumer stress in their outlooks. Later in the show, we look at how longstanding challenges for rural Alabama communities accessing healthcare might get worse because of federal policy changes.
Is the U.S. economy heading toward stability, or just navigating a new kind of volatility?In this episode of Around the Horn in Wholesale Distribution, Kevin Brown and Tom Burton are joined by Taylor St. Germain, Senior Economist at ITR Economics, to unpack the forces reshaping wholesale distribution and manufacturing. From interest rate uncertainty and tariff refund chaos to AI adoption gaps and “profitless prosperity,” this conversation connects macroeconomic signals directly to distributor margin strategy, capital investment decisions, and long-term growth planning.What You'll Learn:Why the current economy feels like a “tale of two economies”, and how income distribution impacts demand across B2B marketsWhat the Federal Reserve is really watching (core inflation vs. trimmed mean metrics) and how rate decisions could affect CapEx, M&A, and working capitalHow tariff policy, Section 301 and 232 rulings, and refund uncertainty are influencing distributor pricing strategy and customer relationshipsWhat “profitless prosperity” means for 2026 and 2027, and how to protect margins during growth at a higher costWhy most AI initiatives in wholesale distribution are still efficiency plays—and what separates hype from scalable, repeatable AI-driven business processesEpisode Highlights:03:30 – Inside ITR Economics: forecasting accuracy, leading indicators, and preparing for downturns11:45 – May jobs report surprises: what strong hiring means for inflation and rate decisions14:20 – Interest rate outlook: hold, cut, or increase—and why energy prices complicate the Fed's move30:18 – Tariff escalation, Section 301 and 232 policies, and the ripple effect across distributors41:03 – Tariff refunds: unintended consequences for margins, pricing transparency, and customer trust58:26 – AI adoption in wholesale distribution: efficiency gains vs. true strategic transformation1:16:35 – “Growth at a higher cost”: how to navigate labor inflation, electricity costs, reshoring, and fiscal pressureMeet the Guest:Taylor St. Germain is a Senior Economist and Business Consultant at ITR Economics. He delivers economic keynotes nationwide and helps manufacturers and distributors identify leading indicators, forecast demand, and prepare for economic cycles with a 94.7% forecasting accuracy standard.Tools, Frameworks, and Strategies Mentioned:ITR Economics leading indicator forecasting modelsWeekly GDP tracking vs. lagging government metricsTrimmed mean inflation vs. core CPIEnterprise Growth Platform by LeadSmart TechnologiesAI-driven margin protection and data unification strategiesClosing Insight:“We are very optimistic about growth, but it's growth at a higher cost.”The second half of the decade presents opportunities for wholesale distributors and manufacturers, but only for those who actively manage labor inflation, tariff exposure, electricity costs, and AI investment discipline. Growth is not the question. Margin strategy is.Leave a Review: Help us grow by sharing your thoughts on the show.Learn more about the LeadSmart AI B2B Sales Platform: https://www.leadsmarttech.com/Join the conversation each week on LinkedIn Live.Want even more insight to the stories we discuss each week? Subscribe to the Around The Horn Newsletter.You can also hear the podcast and other excellent content on our YouTube Channel.Follow us on Facebook, Twitter, Instagram, or TikTok.
This week on TrendsTalk, ITR Economist and Speaker Taylor St. Germain explains why ITR Economics has upgraded its Producer Price Index (PPI) forecast for 2026 from 3.4% to 5.0%. Rising commodity costs, geopolitical uncertainty, and supply chain pressures are creating new challenges for businesses trying to protect margins and maintain profitability. How should companies adjust their pricing strategy when key inputs like copper, aluminum, and oil are rising much faster than overall inflation? Tune in as Taylor breaks down the latest outlook and what it means for business leaders planning for the years ahead.
20 years ago, Bo Burlingham gave a name to a feeling a lot of business owners had struggled to articulate. In his book Small Giants, Bo profiled companies that had chosen not to chase growth at all costs. Most were bootstrapped, owner-operated businesses that cared less about getting big than about building something enduring, meaningful, and excellent. They weren't anti-growth. They just wanted growth to be intentional. And for many owners who read the book, the reaction was immediate: “I thought I was the only one who felt this way.” Out of that recognition grew a community—and eventually an organization—led in large part by Paul Spiegelman, whose own company embodied the Small Giants philosophy. With Bo's encouragement, Paul launched the Small Giants organization 15 years ago to connect owners trying to build great companies without sacrificing culture, independence, or quality of life.At our recent 21 Hats Live gathering in Cincinnati, we explored where that movement goes next in a Brainstorm session with Jean Moncrieff, who took over leadership of the Small Giants organization last year. Jean—who's from South Africa, lives in Zurich, but is moving to the U.S.—brings both momentum and candor to the role. He recently led his first Small Giants Summit in Detroit, which attendees—including me—praised for its renewed energy and sense of purpose. He's also the author of a terrific new book, Finding Freedom: The Business Owner's Guide to Building a Valuable Company and a Meaningful Life. But as you'll hear, Jean recognizes there are challenges ahead.What exactly is Small Giants today? Who is it for? What makes it different from the many other organizations competing for the attention of business owners? Does it need a more formal set of principles—or even an operating system—to help companies put its philosophy into practice? Can it stay true to its founding mission while also attracting businesses large enough to support its events and programs? Ultimately, the conversation arrives at a tension at the heart of the enterprise: Can the Small Giants organization itself become a sustainable, profitable business without losing the values it was created to protect? In other words, can Small Giants become a true small giant?Show Notes:The organizations discussed in this episode include: The Great Game of Business, the Tugboat Institute, and EOS Worldwide.The books discussed in this episode include: Finding Freedom by Jean Moncrieff, Small Giants by Bo Burlingham, Another Way by Dave Whorton with Bo Burlingham, The Great Game of Business by Jack Stack and Bo Burlingham, The Power of Mattering by Zach Mercurio, and Profit First by Mike Michalowicz.The businesses discussed in this episode include: Smiley Technologies, ITR Economics, Zingerman's Community of Businesses, Text-Em-All, Tasty Catering, Venturity, ImageOne, and Atomic Object.
This week on TrendsTalk, ITR Economist and Speaker Taylor St. Germain revisits the long-term 2030 economic outlook and explains why rising national debt remains one of the biggest risks facing the US economy. With debt levels climbing, interest payments surging, and demographic pressures building, what does this mean for businesses trying to plan ahead? Taylor breaks down the key drivers behind ITR Economics' 2030 forecast, including transfer payments, debt-to-GDP concerns, and the economic impact of an aging population. Most importantly, he shares why business leaders should start preparing now rather than waiting for warning signs later. For a deeper dive into ITR Economics' 2030 forecast and preparation strategies, visit → https://itreconomics.com/2030s-great-depression/
Uncertainty is defining today's business environment — but for leaders who know what to look for, it also presents opportunity. In this exclusive Q&A, Tara Bayke, economist and senior consultant at ITR Economics, offers a preview of her upcoming keynote at the 2026 Club Solutions Leadership Summit, taking place May 18–20 at The Montage in Park City, Utah. This conversation is just a glimpse into the insights Summit attendees will gain during her session. At the event, attendees will walk away with a clear, data-driven framework for navigating what's ahead — including: -What's driving growth — and what risks are building beneath the surface -How to time key decisions like hiring, expansion and investment -The economic indicators that directly impact membership, retention and revenue -Why forecasting is less about what to do — and more about when to do it As Bayke explains, most businesses don't struggle with strategy — they struggle with timing. Her keynote will equip attendees with the clarity, confidence and direction to make smarter decisions ahead of the next shifts in the market. If you're attending the Summit, this is a first look at the insights you'll gain in Park City. And if you're not, you'll still want to watch — we'll be sharing a full post-event breakdown of the key takeaways. For more information on the Club Solutions Leadership Summit, visit https://peakemediaevents.com/summit
In the April 2026 Economic Advisory Report, MHEDA presents insights from ITR Economics specifically focused on the material handling industry. The MHEDA Quarterly Economic Report, published by ITR Economics, provides an in-depth look into the latest economic data and forecasts. This report is designed to equip MHEDA members with critical insights to help navigate market trends, understand economic cycles, and make informed business decisions. By accessing both current and archived issues, MHEDA members gain a valuable, data-driven perspective to support their long-term growth and adaptability in a competitive marketplace. Key Topics Discussed in this Episode: Economic uncertainty Forecast revisions due to the middle east confict Industrial production index MHEDA markets dashboard To access the full report and explore archived issues, simply log in to your MHEDA member account and order the FREE report. This exclusive resource is part of MHEDA's commitment to supporting members with relevant, actionable economic insights to fuel strategic planning and success. About ITR Economics ITR Economics is the oldest privately held, continuously operating economic research and consulting firm in the US. ITR Economics has provided business leaders with economic information, insight, analysis, and strategy since 1948. With a knowledge base that spans seven decades, ITR Economics has an uncommon understanding of long-term economic trends as well as best practices for changing market conditions. ITR Economics' reputation is built on accurate, independent, and objective analysis.
Mar 18, 2026 – Is the recent volatility in energy markets a precursor to a cyclical downturn, or has the U.S. consumer achieved a new level of structural decoupling from energy price shocks? Join Cris Sheridan and ITR Economics' Lauren Saidel-Baker...
This week on TrendsTalk, ITR Economist and Speaker Taylor St. Germain breaks down the recent surge in oil prices following escalating tensions in the Middle East and what it means for businesses and consumers. With oil briefly pushing above $100 per barrel, many leaders are asking whether this spike signals sustained inflation and economic pressure. Taylor shares ITR Economics' updated oil price forecast and explains why history suggests these price spikes may not last as long as headlines imply. He also explores how higher energy prices could affect consumer spending, retail sales, and business margins in the months ahead. Join ITR Economics Chief Economist Brian Beaulieu and Senior Forecaster Connor Lokar in our Executive Webinar on March 20 → https://itrondemand.com/store/product/profitless-prosperity
Stronger Jobs Report, Fed Pause Likely, and Global Concerns Rise | Fed Watch by ITR Economics
In the January 2026 Economic Advisory Report, MHEDA presents insights from ITR Economics specifically focused on the material handling industry. The MHEDA Quarterly Economic Report, published by ITR Economics, provides an in-depth look into the latest economic data and forecasts. This report is designed to equip MHEDA members with critical insights to help navigate market trends, understand economic cycles, and make informed business decisions. By accessing both current and archived issues, MHEDA members gain a valuable, data-driven perspective to support their long-term growth and adaptability in a competitive marketplace. Key Topics Discussed in this Episode: Industrial sector growth Consumer expectations Subsiding economic uncertainty Rising price index MHEDA markets dashboard To access the full report and explore archived issues, simply log in to your MHEDA member account and order the FREE report. This exclusive resource is part of MHEDA's commitment to supporting members with relevant, actionable economic insights to fuel strategic planning and success. About ITR Economics ITR Economics is the oldest privately held, continuously operating economic research and consulting firm in the US. ITR Economics has provided business leaders with economic information, insight, analysis, and strategy since 1948. With a knowledge base that spans seven decades, ITR Economics has an uncommon understanding of long-term economic trends as well as best practices for changing market conditions. ITR Economics' reputation is built on accurate, independent, and objective analysis. This report and its contents are the exclusive property of MHEDA and are intended solely for the use of its registered members. All rights are reserved.
Dec 11, 2025 – Seeking a rigorous, data-driven perspective on the U.S. economic outlook? Lauren Saidel-Baker of ITR Economics explores the key macroeconomic themes for 2026 including the data center buildout, inflationary headwinds...
This week on TrendsTalk, ITR Economist and Speaker Taylor St. Germain shares an update on the US Single-Unit Housing market. While affordability remains a challenge, ITR Economics forecasts the housing market is approaching its low point in 2025, followed by growth in 2026 and 2027. Taylor breaks down where affordability is improving, which states are most affected, and why the data points to better years ahead for developers and suppliers. Are you ready for the next housing cycle?
Brian Beaulieu is the CEO of ITR Economics and an esteemed economist with over 40 years of experience in business cycle trend analysis. Brian and his team have a track record of 96% accuracy in economic forecasts. Brian is also the author of several popular books, including Prosperity in the Age of Decline and Make Your Move. Brian has provided insightful workshops and seminars to thousands of executives Vistage International and TEC, organizations of over 13,000 CEOs globally. Brian joined host Robert Glazer on the Elevate Podcast to share his career and offer a bold economic projection that you don't want to miss. Learn why Brian believes everything about the global economy will change in 2030--and what you can do to prepare for that seismic shift. Thank you to the sponsors of The Elevate Podcast Mizzen & Main: mizzenandmain.com (Promo Code: elevate20) Shopify: shopify.com/elevate Indeed: indeed.com/elevate Masterclass: masterclass.com/elevate Northwest Registered Agent: northwestregisteredagent.com/elevate Homeserve: homeserve.com Learn more about your ad choices. Visit megaphone.fm/adchoices
This week on TrendsTalk, ITR Economist Taylor St. Germain provides an update on the US Economic Policy Uncertainty Index. After record highs earlier this year, uncertainty has been cut in half, setting the stage for accelerating growth in both CAPEX and Industrial Production. Taylor explains why this shift supports ITR Economics' positive outlook through 2026 and what it means for business leaders preparing for expansion. Are you ready to keep pace with growth?
The MHEDA Quarterly Economic Report, published by ITR Economics, provides an in-depth look into the latest economic data and forecasts specifically focused on the material handling industry. Topics discussed in this episode include industrial sector growth, discretionary spending, purchasing manager's index, CAPEX growth, rising consumer and producer price index, the MHEDA markets dashboard and more.
This week on TrendsTalk, ITR Economist Taylor St. Germain revisits ITR Economics' long-standing forecast of a 2030s depression and outlines how businesses can prepare today. Taylor reveals which U.S. states are best positioned for success and which face greater risk based on ten key economic and demographic factors. Learn where your organization may find opportunity as the next decade approaches.
This week on TrendsTalk, Taylor St. Germain from ITR Economics breaks down the current labor market conditions and what they mean for your business strategy. With just over one unemployed person per job opening, there's slight slack in the market, but not for long. Find out why the next 6 to 9 months may be your best window for hiring before tightening conditions and wage pressures hit hard. Taylor also covers workforce demographics, rising labor costs, and how AI and automation can help offset the people problem.
This week on TrendsTalk, Taylor St. Germain from ITR Economics unpacks the latest leading indicators for the US Industrial Economy. While growth is still on the horizon for 2026, several key indicators are moving sideways, signaling a milder rise than previous recovery cycles. What does this mean for capacity planning and business strategy? Tune in to learn why understanding not just the direction but also the amplitude of growth is critical for accurate forecasting and planning.
This week on TrendsTalk, Taylor St. Germain from ITR Economics explains the concept of “profitless prosperity”, a future where businesses see revenue growth but shrinking profit margins due to rising costs. While economic growth is expected through 2028, inflation and cost pressures may limit profitability. How can your business avoid this trap? Taylor outlines strategies for balancing pricing power with productivity and efficiency, and why developing a three-year plan is critical for protecting margins in an inflationary environment.
The Land Podcast - The Pursuit of Land Ownership and Investing
Welcome to the land podcast, a platform for people looking to educate themselves in the world of land ownership, land investing, staying up to date with current land trends in the Midwest, and hearing from industry experts and professionals. On today's episode, we are back in the studio with Connor Lokar, an Economist and keynote speaker from ITR Economics. We discuss: Don't rely on news; it often spins data to fit narratives Focus on leading indicators like the Purchasing Managers Index (PMI) Builder sentiment impacts housing market trends; check the NAHB index Current market shows signs of a buyer's market due to rising inventory Interest rates will likely remain high, affecting buyer affordability Land prices typically rise; waiting for a dip may not be wise Historical data shows land values are resilient during economic downturns Prepare for potential economic downturns in the early 2030s Wealth transfer from boomers may face increased taxation Investing in land can be a hedge against inflation and a way to create memories And so much more! Get Pre-Approved to Purchase a farm with Buck Land Funding https://www.whitetailmasteracademy.com Use code 'HOFER' to save 10% off at www.theprairiefarm.com Massive potential tax savings: ASMLABS.Net -Moultrie: https://bit.ly/moultrie_ -Hawke Optics: https://bit.ly/hawkeoptics_ -OnX: https://bit.ly/onX_Hunt -Painted Arrow: https://bit.ly/PaintedArrow
Aug 14, 2025 – Beneath steady US growth, historic tariffs and simmering inflation hint at turbulence on the horizon. Today, we speak with Lauren Saidel-Baker of ITR Economics discussing the US economic outlook. She explains why ITR...
What does it feel like to leave a secure career and leap into the unknown? For Kimberly Clark, it's like “stepping off a cliff into the clouds” or “throwing stones into the unknown” to find the path forward. In this episode of Clarity Generates Confidence, Gary catches up with the former VP of Sales & Marketing at ITR Economics—now the founder of Vision to Action (V2A) Marketing—as she shares how she turned that leap of faith into a thriving business. Drawing on 14 years of data-driven expertise, Kimberly reveals her 90-day process for transforming marketing from a “black hole” into a measurable growth engine: uncovering a company's purpose, planning quick wins to fund long-term goals, and creating psychology-driven strategies that build know, like, and trust. She offers a fresh perspective on cutting through the noise, avoiding hype-driven tactics, and leading with purpose to turn uncertainty into opportunity.
There are record levels of uncertainty today, but Taylor St. Germain of ITR Economics says there is strong growth ahead. He says manufacturers should follow the data—not just the headlines—and be prepared for growth for the next few years. Listen to hear more of his advice and insights regarding rising costs, labor challenges, and tariffs.
What if the economic slowdown didn't spell disaster—but a window of opportunity? In this episode, Senior Economist Taylor St. Germain of ITR Economics joins the show to unpack what a “soft landing” really means for distributors—and how to strategically navigate uncertainty, inflation moderation, and shifting customer demand without panic or paralysis. If you're a distributor wondering how to protect margins, forecast accurately, or align your strategy to economic signals, this conversation is packed with actionable insight tailored for leaders in the wholesale space.
About the Guest(s):Lauren Saidel-Baker is a seasoned economist at ITR Economics, a division of CROW LLP. Known for her data-driven and objective approach, Lauren specializes in economic forecasting and consulting, helping businesses and industries navigate economic changes. With a strong academic background from Wellesley College, where she double-majored in Economics and Religion, Lauren brings unique insights into the economic sector, making her a sought-after speaker and consultant.Specright eBook - How to define sustainable packaging strategies!* Gartner Report* Packaging Pros eBook* Home Page* Book a demo with SpecrightMeyers has some incredible sustainable packaging options!* Get the 2023 Sustainability Report* Meyers Packaging EPR eBook - it is FREE!!New sponsor is Label King! Check them out at www.thelabelking.comBook a demo with Trayak (LCA's on demand!)SmartSolve has water soluble label and paper materials. Learn more!The Scrapp App is going to revolutionize home and corporate recycling. Download for your device today!Episode Summary:In this engaging episode of [Podcast Name], host Adam Peek converses with Lauren Saidel-Baker, an economist from ITR Economics, about the complexities and current impact of tariffs on the U.S. economy, with a spotlight on the packaging industry. Lauren delves into the macroeconomic trends, providing data-backed insights into how tariffs affect imports, exports, and consumer behavior. This episode promises to equip listeners with a robust understanding of economic principles and future trends.Lauren highlights the shifting tides of globalization and nationalism, articulating the nuanced effects of tariffs as merely one facet of broader economic movements. She emphasizes the influence of these policies on business investment and timing, underscoring the resultant uncertainty. With concrete examples like the aluminum market, Lauren illustrates the intricate relationship between tariffs, inflation, and consumer prices. Throughout the episode, she dissects the economic indicators that businesses and individuals should track to make informed decisions, painting a clear picture of current and future economic climates.Key Takeaways:* Impact of Tariffs: Tariffs primarily function as taxes designed to protect domestic industries by making imported goods more expensive, yet they introduce significant uncertainty into business planning.* Potential Economic Downturn in 2030: Lauren projects a potential depression due to demographic shifts, government overspending, and fiscal imbalances, suggesting strategic preparation for long-term financial health.* Consumer Spending as Economic Strength: The robustness of the U.S. economy is largely bolstered by consumer spending, which continues to rise due to increasing wages and employment levels.* Importance of Economic Indicators: Businesses should focus on industry-specific economic indicators and adjust strategies based on macroeconomic trends and forecasts provided by reliable resources.* Preparing for Future Opportunities: The advice includes living below one's means, planning for better investment opportunities post-downturn, and not heavily leveraging current assets.Notable Quotes:* "If you remember back, the Biden administration put tariffs on certain items and goods too, so everyone can do tariffs again."* "The fundamental support for our economic growth is people. Consumer spending makes up two-thirds of GDP."* "We are looking at another four or five years of pretty steady growth… but have a plan because come 2028, 2029, we'll see those leading indicators start to roll over."* "The big impact that I'm watching, that I'm concerned about, is just the uncertainty that this is bringing up."* "We don't see a recession in 2025… Even if through some weird quirk of the math that were to happen, this is not what a business should react to as a recession."Resources:* ITR Economics: Stay updated with their economic insights and resources at itreconomics.com* Blog and Video Content: Explore economic indicators and forecasts tailored for various sectors on ITR Economics' website.* Laura Saidel-Baker's Work: Follow her insights on LinkedIn and other social media platforms associated with ITR Economics.Listen to the full episode for an in-depth exploration of current economic paradigms, strategic insights from Lauren Saidel-Baker, and a comprehensive understanding of how tariffs and broader economic trends affect businesses and individuals alike. Stay tuned to [Podcast Name] for more insightful content. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.packagingisawesome.com
ITR Economics has been predicting a “Great Depression” beginning around 2030. Over the past seven years, I've had multiple representatives from their firm on the show, and they've never wavered from that forecast. That might not sound so alarming—until you realize that their long-term predictive track record is 94% accurate over the last 70 years. To understand why their conviction is so strong, tune into this week's episode of Wealth Formula Podcast. Once you hear the reasoning, it'll all make sense. The major drivers of this projected economic downturn are debt and demographics. We're spending unsustainably on entitlement programs like Medicare and Medicaid—programs that virtually no politician has the appetite to reform. At the same time, the Baby Boomers—who make up a huge chunk of the U.S. population—are moving out of the workforce and into retirement, where they'll become a significant economic burden. It seems inevitable. But as you listen, I want to introduce one wild card that could change everything: artificial intelligence. I truly believe we're on the cusp of a technological transformation that could rival the Industrial Revolution. Think back to when Thomas Malthus predicted global famine due to population growth. What he didn't account for was the invention of the tractor, which revolutionized food production. In the same way, we may be underestimating the impact of the robotic age driven by artificial intelligence. Right now, economic growth is tied closely to the size of a country's working population. But what if AI allows us to dramatically increase productivity with the same—or even a smaller—workforce? What if robotics drives a low-cost manufacturing renaissance in the U.S., making us competitive again without relying on cheap labor from overseas? In my view, these are the most important questions in American economics over the next decade. And to understand just how critical it is that we get this right, this week's episode lays it out clearly: the alternative may look a lot like the 1930s. Learn more about ITR and their resources: https://hubs.la/Q03kw-Fs0
Politics is often blamed for economic shifts, but there are usually more factors at play. Today's guest is an economic expert who explains how it can impact investors and buyers alike. On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Lauren Saidel-Baker, an economist with ITR Economics, the oldest privately-held, continuously operating economic research and consulting firm in the U.S. ITR Economics was founded in 1948. Jonathan and Lauren start the discussion by explaining how ITR Economics predicts economic shifts and how Lauren became an economist with ITR after a stint in asset management. She shares how politics and election cycles can affect economics, her predictions for 2025, and what real estate investors should look for. You'll hear the disruptions that natural disasters, population shifts, and weather can have on the economy, what regular homebuyers and investors should be looking for with purchases, and the trajectory of the real estate market in the next five years. Lauren outlines the potential opportunities real estate may offer with an economic downturn, her advice for remaining in real estate during economic disruption, and what she's doing to prepare for a potential economic depression. The economy is frequently in the news, but we don't often hear about the impact it can have on specific industries. Lauren Saidel-Baker makes the case for real estate even during economic turmoil. In this episode, you will hear: Lauren Saidel-Baker's explanation of how ITR Economics predicts economic shifts Her introduction to economics through a job after college in asset management, and what she loves about working at ITR Economics How election cycles impact economics Lauren's predictions for 2025 in comparison to 2024 and what real estate investors should look out for Disruptions that natural disasters can create, and the impact of population shifts and weather What regular homebuyers and investors should look for when they make a purchase The trajectory of real estate for the next five years based on current data Real estate opportunities that are likely with an economic downturn Population shifts around the country based on affordability What Lauren suggests for buyers in 2025 and the continued demand for multifamily assets Her advice for those who want to remain in real estate but are concerned about economic disruption, and how consumers can remain apprised of economic shifts What Lauren is doing to prepare for the coming economic depression Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/234/ to download it. Supporting Resources: ITR Economics - itreconomics.com ITR Economics on YouTube - www.youtube.com/channel/UCJx7dfActtS_noNjNq6sumA ITR Economics on Facebook - www.facebook.com/ITREconomics77 ITR Economics's Instagram - www.instagram.com/itreconomics Follow ITR Economics on LinkedIn - www.linkedin.com/company/itr-economics Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
Wait...was there something about tariffs in the news?In this week's fast-paced episode of Around The Horn in Wholesale Distribution, Kevin Brown and Tom Burton bring clarity to chaos as they tackle the sweeping global tariff changes announced this week. Broadcasting from an airport wine bar (yes, really), Kevin joins Tom to break down the immediate and long-term implications of the tariff overhaul, the ripple effects on manufacturing and sourcing, and how distributors can prepare for what's next.The discussion includes real-time analysis of shifting supply chains, economic predictions from thought leaders at the Industrial Supply Association (ISA) conference, and what this all means for pricing, margins, and operational resilience. Special attention is given to strategic insights shared by Ryan Wild of the National Association of Wholesalers and economist Taylor St. Germain of ITR Economics.If you've been caught off guard by the policy shifts, this episode offers critical takeaways and a forward-looking mindset. This isn't just another recap—this is a roadmap for understanding what's happening and how to navigate it with strategy, not fear.Key Topics and Timestamps:00:00 – 03:20 – Opening banter from a Nashville airport wine bar and why Kevin is podcasting on the go03:21 – 06:30 – Economic updates: jobs data, market movement, and interpreting short-term volatility06:31 – 10:15 – Tariff surprises and policy warnings from Ryan Wild (NAW) at the ISA Conference10:16 – 15:05 – Tariff implications: countries impacted, commodity pricing shifts, and supply chain exposure15:06 – 19:40 – The bigger strategy behind tariff policies: reshoring, tax offsets, and U.S. competitiveness19:41 – 24:50 – Economic optimism from Taylor St. Germain (ITR Economics): why Q3 and Q4 could boom24:51 – 28:30 – Talent, wages, and the urgency to hire before inflation hits28:31 – 32:00 – Final thoughts: long-term vision, playing the long game, and what to watch nextKey Takeaways:Tariffs hit harder and wider than expected: The administration's sweeping policy includes a surprising number of countries, leaving distributors and manufacturers scrambling.Short-term pain, long-term plan: The hosts emphasize a broader strategy at play—tariffs, reshoring, and eventual tax relief designed to make U.S. manufacturing more competitive.Pricing pressure is coming: Commodities like nitrile gloves could nearly double in price; companies need to prepare now.Strategy beats volatility: Focus less on daily market swings and more on the underlying playbook behind the economic shifts.Invest in 2025: If ITR's projections hold, the time to hire and expand is now before costs climb next year.Leave a Review: Help us grow by sharing your thoughts on the show.Join the conversation each week on LinkedIn Live.Want even more insight to the stories we discuss each week? Subscribe to the Around The Horn Newsletter.You can also hear the podcast and other excellent content on our YouTube Channel.Follow us on Facebook, Twitter, Instagram, or TikTok.
We rushed this episode to the front due to its timiliness. Connor Lokar was on with me this fall and he and I agreed to check back in after the election. Oddly, we felt if SHE were elected President it would lead to uncertainty. Instead, HE was elected and we've gotten degrees of uncertainty that no one had predicted. Connor and his collegues at ITR say growth is coming this year, UNLESS....too many factors to list. Connor and his team are no fans of tariffs in any way, shape, or form. They're inflationary. Period. And they will hit all of us. Will they prevent economic growth? No way to know. On and off tariffs and threats of tariffs prevent business leaders from being able to plan. It's leading to uncertainty. Lots of it. ITR Economics 2030s Great Depression ITR Free Resources We'd love to hear from you: Cam@CamMarston.com
While uncertainty over tariffs and inflation confuses the industrial sector, we wondered how the industrial processing market is affected. To get answers, Control editor in chief Len Vermillion talked with Connor Lokar, senior forecaster for ITR Economics, to try to make heads or tails of the situation. While some processing business might be fretting over the escalating trade war the U.S. has engaged in with Canada, Mexico and China, others are may have reasons to be more hopeful. But many are still awaiting leading indicators to catch up to the whirlwinds of activity from the government before deciding how to react. In the meantime, we check in with ITR Economics to get their thoughts on the outlook for 2025 as it pertains to industrial processing, instrumentation and more.
US Multi-Unit Housing Starts Revision and Outlook by ITR Economics
Lauren Saidel-Baker, economist at ITR Economics, says the "green shoots have been forming" among leading economic indicators, showing that growth is ahead for the economy, along wiht a normalization as the last ripples of the Covid-19 economy are finally playing out. She expects the Federal Reserve to struggle or fail in its efforts to hit a 2 percent inflation target and thinks consumers should get used to higher prices, but even if tariffs add to upward pressure she thinks the economy can avoid a recession. Christian Munafo, chief investment officer at Liberty Street Advisors — manager of the Private Shares Fund — talks about late-stage venture opportunities in artificial intelligence and the hunt for the next unicorn in the overheated AI space. Martin Leclerc, chief investment officer at Barrack Yard Advisors talks stocks in the Market Call, and Chuck discusses his sure bet for the Super Bowl, namely that companies which recently went public that advertise on the broadcast are headed for trouble.
The Biden administration recently made some announcements regarding changes to tariffs. What does this mean from an apolitical, economic standpoint? Catch our unbiased perspective this week on TrendsTalk with ITR Economist Taylor St. Germain! Be sure to subscribe to our YouTube channel so you don't miss these weekly updates. Free economic updates → https://itreconomics.com/free-economic-updates Tune into TrendsTalk with ITR Economics → https://itreconomics.com/trendstalk ITR Economics Methodology → https://itreconomics.com/methodology
Brian Beaulieu is the CEO of ITR Economics and an esteemed economist with over 40 years of experience in business cycle trend analysis. Brian and his team have a track record of 96% accuracy in economic forecasts. Brian is also the author of several popular books, including Prosperity in the Age of Decline and Make Your Move. Brian has provided insightful workshops and seminars to thousands of executives Vistage International and TEC, organizations of over 13,000 CEOs globally. Brian joined host Robert Glazer on the Elevate Podcast to share his career and offer a bold economic projection that you don't want to miss. Learn why Brian believes everything about the global economy will change in 2030–and what you can do to prepare for that seismic shift. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week on TrendsTalk, ITR Economist Taylor St. Germain discusses the latest GDP data, highlighting how ITR Economics' analysis compares to national media coverage. In addition, he calls attention to the divergence between a growing service sector and a contracting industrial sector.
Jul 17, 2024 – The latest data reveals that Asia is significantly outpacing the U.S. and most Western countries in the robotics race. Connor Lokar from ITR Economics delves into the major trends unfolding in AI, robotics, and data center development...
Economist Connor Lokar says it's goign to get worse before it gets better. Then it's going to get much worse. Connor is with ITR Economics. He and his firm work with businesses to help them prepare for economic change. Avowedly apolitical, Connor and his team only say the November election is unlikely to change our economy in any meaningful way, regardless of who wins the presidential election. To get a good read on the economy you need to know government spending, demographics, imports and exports, and a dozen other numbers. Connor knows his stuff, and you'll want to hear what our future holds. Show Sponsors: E3 Termite & Pest Control Roy Lewis Construction Allison Horner - State Farm Agent Angelo DePaola - The Coastal Connection Realty Persons Services Corp Seth Cherniak - Jeffrey Matthews Financial Bill-E's Bacon Roosters Restaurant in Downtown Mobile, Alabama Bay Business News Find Cam Marston's book - What Works: The Ten Best Ideas from the First Two-Hundred Episodes on Amazon.com. To get the Top 3 Tips of the show each week and a Free Chapter of What Works, sign up here.
Catch a special bonus episode of TrendsTalk as Taylor St. Germain is joined by the hosts of the newest ITR Economics show – By the Numbers™️!
Ryan Tansom helped turn around his $21-million family business and facilitated its 8-figure sale in 2014. Leveraging this experience, he founded multiple companies and created the Independence by Design™ Framework, a guide for business owners to achieve personal clarity, play the game, and maximize independence. Over 1,500 entrepreneurs have attended his workshops, gaining a new mindset for decision-making and helping them create freedom over their time, optimize cash flow, increase equity value, or prepare for a future exit. He's been involved in numerous transactions and speaks at industry conferences and CEO Masterminds, including Vistage Worldwide and Entrepreneurs' Organization. Ryan has also been podcasting for over eight years, with over 400 episodes featuring guests like Gino Wickman, Mike Michalowicz, Jack Stack, ITR Economics, John Warrillow, and editors from Inc.Magazine (Bo Burlingham) and HBR (Tom Stewart). In this episode… If you struggle to align your business growth with the life you aspire to live, daily business decisions may be distracting you from your personal goals. How can understanding the financial intricacies of your enterprise make the difference between scraping by and achieving true independence? While maximizing his company's top-line revenue earned him a spot on the Inc. 5000 list, entrepreneurial coach Ryan Tansom lost tens of thousands of dollars. Rather than focusing on short-term growth goals, he advises identifying and aligning long-term personal and business objectives. This requires concentrating on equity valuation to make informed operational decisions that increase your company's value and achieve your desired freedom. Additionally, building a working knowledge of finance allows you to manage your cash flow and capital effectively, supporting sustainable growth and informed decision-making. Join Pat Mancuso in this episode of Destination Business Freedom as he interviews Ryan Tansom about harmonizing your personal and business lives. He shares how he transformed and sold his family's business, how to overcome the loneliness of entrepreneurship, and why business owners need financial acumen.
This week on TrendsTalk, host Taylor St. Germain revisits ITR Economics' Retail Sales forecast and puts a spotlight on consumers. How will the positives and negatives consumers face impact Retail Sales this year and into 2025? Tune in to find out!
Mar 6, 2024 – In today's podcast, we have the privilege of speaking with Lauren Saidel-Baker from ITR Economics. Lauren advises listeners to temper any overly optimistic expectations for US growth for the remainder of this year, noting that...
Jason discusses the state of the economy, focusing on the role of the Federal Reserve and potential supply chain issues. He also shared his opinion on the strength of the US dollar and Argentina's decision to adopt it. Towards the end, Jason addressed the issue of inflation and its steady fall since June of the previous year. He also discussed changes in active inventory across various local real estate markets, comparing it to 2019, and highlighted the importance of inventory in the real estate market. Then Jason and Brian Beaulieu, Chief Economist at ITR Economics, talks about the state of the global economy, particularly in China and Europe and the potential for deflation in the real estate market in the early 2030s, the expected trajectory of inflation and the Federal Reserve's response to it, and the state of the US housing market. They also highlight the resilience of the real estate market, even in a high-interest-rate environment, and the importance of being unleveraged in the United States and in demographically superior states. #EconomicOutlook #RealEstateInvesting #GlobalEconomicTrends #ChinaEconomicGrowth #DemographicChallenges #Inflation #InterestRates #HousingMarket #Affordability #CulturalShifts https://www.CalculatedRiskBlog.com/2023/01/housing-january-30th-weekly-update.html https://ITREconomics.com/ Key Takeaways: Jason's editorial 1:29 Defeating inflation, US Dollar hegemony and Argentina 4:30 FED- ready for the next crisis 7:08 Local inventory numbers 10:44 Shadow demand vs. shadow supply Brian Beaulieu interview 12:21 Income property- getting the middle class wealthy 14:12 Macro view on a global scale 15:38 Chart: China is weakening and will continue to weaken 16:25 Chart: Historic opportunity- India is the most populous country 18:27 Making the case for deflation in the 2030's 22:21 Chart: This is only round one of inflation going forward 25:36 Capitulation- buyers will eventually accept less 29:46 How it all relates to the rental housing market Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
Brian Beaulieu is the CEO of ITR Economics and an esteemed economist with over 40 years of experience in business cycle trend analysis. Brian and his team have a track record of 96% accuracy in economic forecasts. Brian is also the author of several popular books, including Prosperity in the Age of Decline and Make Your Move. Brian has provided insightful workshops and seminars to thousands of executives Vistage International and TEC, organizations of over 13,000 CEOs globally. Brian joined host Robert Glazer on the Elevate Podcast to share his career and offer a bold economic projection that you don't want to miss. Learn why Brian believes everything about the global economy will change in 2030--and what you can do to prepare for that seismic shift. Learn more about your ad choices. Visit megaphone.fm/adchoices