Podcasts about itr economics

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

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 trade policy uncertainty, tariffs, steel and aluminum prices, the MHEDA markets dashboard and more.

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 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 key drivers for growth, interest rates, inflation, the MHEDA markets dashboard and more.

This quarterly economic report, published by ITR Economics, features data specifically for the material handling industry to assist MHEDA members plan for the year ahead. The full detailed report is available to members only. Order and Download Free Report (member login required) 10 Key Insights from the Q4 Report: “Mixed Signals” Economic signals are mixed. Inflation is easing, real incomes are rising, and employment is at record highs. However, interest rates remain elevated, muting demand for large-ticket items. Annual US Material Handling Equipment New Orders have been generally declining off a February peak. ITR expects mild decline in annual new orders to persist into the first half of 2025. Business-to-business spending is plateauing, and ITR expects businesses to be cautious investing in material handling equipment in the near term while the economy remains sluggish, particularly the goods-producing and construction sectors. Annual US Food Production has trended flat in recent months, but rise is expected in the near term. The Federal Reserve has begun to lower rates. Lower rates will provide an eventual boost for markets, such as durable goods and construction, and will offer some relief for consumers holding floating rate debt. Prior rise in leading US Single-Unit Housing Starts is a solid signal for cyclical rise in the macroeconomy to come, but a recent tick down in starts suggests there could be some waffling in the macroeconomy during 2025. In recent years, the S&P 500 has been rising faster than US Corporate Profits, a growing risk factor for stock valuations. Avoid conflating the stock market with the economy, as it is only a small part of the picture and is prone to volatility. Demographic trends suggest that the labor market will be tight in the coming years. Look for ways to reduce your dependence on labor. Demand for warehousing will increase as retail and business-to-business activity rise at an accelerating pace in 2025 and into 2026. Annual E-Commerce Retail Sales will rise through at least 2026, supported by rising real incomes. Takeaways for Your Business: There are tentative signals that 2025 will be a somewhat stronger year than 2024. It is important to be proactive in addressing longer term challenges ahead, including the potential for higher energy prices, margin compression, and labor shortages. Take an active approach to managing employee morale and retention; otherwise, your growth in 2025-26 could be throttled by labor challenges.

Economic Advisory Report - October 2024 In the October 2024 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 Economic Trends in Material Handling Market Demand Forecasts Business-to-Business Spending Trends Navigating Economic Uncertainty Analyzing Key Economic Indicators Growth Opportunities To access the full report and explore archived issues, simply log in to your MHEDA member account and download. 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.

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!

Jon Sanders hosts today's 95Podcast talking with John D Hanson about some things he sees on the horizon for the global economy. The backdrop to this conversation is based on data provided by ITR ECONOMICS dealing with their forecasts of a looming economic correction that will effect all of us in one way or another. John sees an entrepreneur opportunity for the Church to prepare now in order to be a light as well as a resource to those in need.The insight John shares is based on the story of Joseph in Genesis and how he prepared during extreme prosperity for the coming famine. This podcast is sure to make you think!Show Notes: https://www.95network.org/the-joseph-project-w-jon-sanders-and-john-hanson-episode-226/Support the show

ButcherJoseph & Co. Managing Director Alberto Toribio del Pilar joins us on TrendsTalk to discuss the current state of the M&A space. If you are among the many thinking of selling your business ahead of the 2030s depression, see how ITR Economics and our business partners can help you strategize.

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...

ITR Economics has revised its GDP forecast. Tune in to TrendsTalk this week as ITR Economist Taylor St. Germain breaks down the reasons for our revision, the risks to the forecast, and provides insight into the industrial economy.

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

What is ITR Economics expecting for the US construction industry in 2024? Is your business prepared for the new year? Tune in to a new episode of TrendsTalk as ITR Economist Taylor St. Germain discusses our 2024 outlook for commercial construction markets!

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

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

Chris Younger is the CEO and co-founder of Class VI Partners, an investment bank in Denver, Colorado, specializing in assisting business owners in reaching their full potential during what is arguably the most difficult period of their lives. Chris is a graduate of Miami University and Harvard Law School and has also studied at the London School of Economics. He is the author of the book ‘Harvest: The Definitive Guide to Selling Your Company'. He joined us today to talk about the things you have to look out for when you are planning on stepping out of your business, what the first steps are, growing value, mistakes you make, the impact of inflation and interest rates, and more. [05.00] Chris's story – Starting the conversation, Chris shares his career journey with us and why he thinks he's got the best job in the world. [12.14] General wisdom – General wisdom for business owners about getting out of their business. [19.20] Less dependent – The importance of your business being less dependent on you as a business owner. [25.26] Landscape – Chris explains what you have to look out for if you are going to hire a business broker. [34.21] Private equity – Chris talks about how the current higher rate of inflation and interest impact private equity behavior. [39.16] Timing – The three incentives for timing in selling a business are personal timing, business timing, and market timing. [43.23] Stories – The importance of in-depth planning for getting out of your business.   Resources NAVIGATE FROM SCALABLE TO SALEABLE classvipartners.com/   Harvest: The Definitive Guide to Selling Your Company amazon.com/Harvest-Definitive-Guide-Selling-Company/dp/1432712306 ITR Economics itreconomics.com/

Rob & LJ recap conference season 2023 in this week's Staffing Snacks. The dynamic duo attended:  ASG The Missouri Kanas Staffing Association  TechServe Executive Summit SIA Healthcare Staffing Summit  Generative AI has been a topic of conversation at every show this year.  LJ  gave a talk at every show except the Healthcare Staffing Summit. We also recap Allen Beaulieu from ITR Economics keynote at the TechServe Executive Summit.  This episode is brought to you by Leap Consulting Solutions, and their bestselling Accelerate Your Desk AI Course. Remember to rate, review, and share the episode wherever you tune in. 

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

Patrick Luce, economist at ITR Economics, says that current economic trends are building a storm that will result in a depression in the 2030s, and a small recession next year, but he notes that investors should treat the 2024 decline as a buying opportunity, positioning themselves for the market to pick up before the big trouble comes in the next decade. And while Luce sees that big event damaging portfolios, he notes that prepared investors will build portfolios leading up to it, and be positioned to profit as the market rebounds out of it long-term. Will Rhind, chief executive officer at GraniteShares, returns to the show to discuss single-stock ETFs and the various flavors of them -- long, short and leveraged -- that his firm has unleashed and how investors should approach them. Also, Steven Benna of travel-insurance company Squaremouth discusses how travelers are expecting trip costs to be higher next year, and why those higher prices are not just about global inflation, and forensic accountant Tracy Coenen is back for the final installment of "Find Me The Money," talking about how anyone concerned about getting a fair share in divorce should also be looking at estate planning and other ways to make sure their families and heirs get their just due, especially in situations of second marriages and blended families.

Jackie Greene is Vice President of Economics. Jackie has been serving ITR Economics' clients since 2005. Over the years, Jackie has proved to be a critical member of the ITR Economics team. She has elevated her skills and expertise, reaching new heights in advanced forecasting, gaining a deep understanding of the business application of ITR Economics' trend analysis, and developing a keen awareness of how to incorporate our insights into business strategy best.In this episode, we talked about:Jackie's Bio & BackgroundPassion of EconomicsCurrent Real Estate EnvironmentInflationInterest Rates PolicyDebt Market OverviewDebt Income MetricsRecessionIndustrial SpaceEmployment IssuesUS Economy OpportunitiesUseful links:Itreconomics.com

Are you a business owner looking to grow your company's value and profitability in the years ahead? Tune in to this insightful episode of the R-Value podcast, hosted by IDI's Ken Allison with guest economist Brian Beaulieu to get an expert forecast on the housing and construction markets. They dive into projections for housing permits, sales, interest rates, and remodeling through 2026. Brian Beaulieu has been an economist with the Institute for Trend Research since 1982, serving as its Chief Executive Officer since 1987. At the Institute, he has been engaged in applied research regarding business cycle trend analysis. Brian was also an economist for the US Department of Labor where he worked on the health care component of the Consumer Price Index. Brian is co-author with Alan Beaulieu of the books, Prosperity in the Age of Decline, Make Your Move, and children's book But I Want It. Brian provides his candid take on the Federal Reserve's impact, regional trends to watch, and factors like the labor shortage, material costs, and consumer savings rates. You'll come away with an honest outlook on risks ahead and wise counsel on investments, real estate, hiring, and steps to increase your personal net worth. If you want to position your business to not just survive, but thrive, in fluctuating economic times, don't miss this practical, forward-looking discussion. In this episode… 2:26 - Forecasting the 2024 housing market and future rate hikes 6:11 - Is the Fed's target of retrofitting 110 million homes by 2050 realistic? 10:20 - Regional trends in home building. Where will the housing hot spots be? 14:39 - When will materials pricing come down? 18:00 - Building a business that can weather turbulent economic conditions   For more information on ITR Economics, click here or visit one of their below social channels:  Facebook Twitter Instagram LinkedIn

Join ITR Economist and Speaker Taylor St. Germain in the latest episode of TrendsTalk as he dives into ITR Economics' US Industrial Production forecast and highlights what our leading indicators are telling us as we head into 2024.

On this podcast episode, Taylor St. Germain from ITR Economics joins Jack Stack and Kylie Jackson to discuss the power of using accurate economic data to inform your business decisions, forecast obstacles, and take advantage of opportunities in the future. The Great Game of Business has partnered with ITR Economics to bring you the "Guess the GDP of Q4 2023 Challenge." Here's your chance to showcase your forecasting skills and walk away with a $1000 prize!  Learn more about our forecasting challenge here: https://www.greatgame.com/forecasting-challenge

Jun 29, 2023 – FS Insider speaks with Dr. Alan Beaulieu, President of ITR Economics, the oldest, privately held continuously operating economic research consulting firm in the United States. In today's podcast, Alan discusses...

I've written two relatively recent articles on the economy. The first summarized Lauren Baker of ITR Economics keynote address at BPCON 22. She concluded that signs point to a potential soft landing in the economy—the aversion of disaster. Great news!  Or not.  I discussed the potential that the throttling of commercial credit markets could crash-land this potential soft landing.  In my second article, I talked about the implications of the credit cycle. I overviewed Howard Marks' thoughts on the potentially disastrous impact of a restricted credit market. We discussed the characteristics of a generous credit market as well as a tight one. We reviewed the possible impact on the economy and what could go right or wrong.  Learn more about your ad choices. Visit megaphone.fm/adchoices

As generations retire and millennials take up the baton, this week's guest knows business is in safe hands. But how can the new generations of manufacturers best leverage economics to succeed in business? We are delighted to be joined by Alan Beaulieu, President and Principal of ITR Economics, at the A3 Business Forum in Orlando, FL. In this short episode, Alan discusses how he makes economics riveting, explains why millennials are so crucial to business, and gives top tips on true leadership. Plus, he tells us who the unsung heroes of business are and why he sets out to make a difference in the world every day. Alan manages to make economics so fascinating – this is a must-listen. In this episode, find out: Why millennials must be taken seriously What Alan thinks business leaders miss Why leadership is not all about taking charge The most fulfilling parts of Alan's career Alan's views on how leaders should act Alan on the heroes of the economy Alan's clear mission and goals Making a difference in the world every day Enjoying the show? Please leave us a review here. Even one sentence helps. It's feedback from Manufacturing All-Stars like you that keeps us going! Tweetable Quotes: “It makes me feel really good about life when we can make a difference in the world.” “My generation is retiring in record numbers, and you're left with millennials. Those are the smartest people in the room.” “A leader without integrity is just the CEO or boss, not a real leader.” Links & mentions: Follow Alan on LinkedIn Find out more about ITR Economics Find out more about the A3 Business Forum 2023 Make sure to visit http://manufacturinghappyhour.com for detailed show notes and a full list of resources mentioned in this episode. Stay Innovative, Stay Thirsty.

Even if your business is seasonal, ITR Economics' methodology can still be applied to your company! See how we can forecast your seasonal data in the latest episode of TrendsTalk with ITR Economist and Speaker Lauren Saidel-Baker.

QUARTERLY ECONOMIC AND M&A MARKET UPDATE Making real-time decisions–while staying on track toward long-term goals–is much more difficult today compared to only a few years ago. There are no shortages of headwinds to deal with: inflation, interest rates, labor issues, supply chain disruptions, returning to the office, and on and on. Sure, things are harder, but we entrepreneurs and leaders don’t have the luxury to stop and take a break to collect our thoughts and make peaceful decisions in a vacuum. We have to make crucial decisions–fast. This puts enormous pressure on our long-term plan and our real-time data. Our goal with this Quarterly Economic and M&A update is to provide you with relevant information (that is often much harder to find than it should be) so you can use it to enhance your decision-making and stay on track toward your future equity valuation targets. ITR Economics // Brian Beaulieu In the first segment, our sponsor and CEO of ITR Economics, Brian Beaulieu, brings us his thoughts about the macroeconomic picture. Brian and I talk about the potential for a 2023/2024 recession (and what’s causing it), what’s going on in the labor market, interest rates, inflation, and which industries will have no problem getting through the next two years. My favorite part of the interview is toward the end when I asked Brian what data to pay attention to. He nails the answer. Since this interview, I picked up their book How to Make Your Move again and it is SUCH a breath of fresh air. It makes all the sense in the world why their forecasting accuracy is 94.9 percent. Since 1948, ITR Economics has provided business leaders with economic information, insight, analysis, and strategy. ITR Economics is the oldest privately held, continuously operating economic research and consulting firm in the United States. ButcherJoseph // Jeff Buettner In the second segment, I have Jeff Buettner on from ButcherJoseph, an M&A advisory firm, to discuss what is going on in the deal space. Jeff and his firm are in the weeds every day doing deals, whether that is selling a company to a third party, converting a business to an ESOP, raising debt, or helping facilitate an internal buyout. With this experience, Jeff gives us his update on how the current environment–and all the challenges with it–are impacting valuations, deal structures, deal volume, and perspective of different buyers. I loved my conversation with Jeff. He had practical and actionable insights that give us a view into the privately held deal market that is hard to come by. The National Center for the Middle Market // Doug Farren In our last segment, Doug Farren, director of The Center for the Middle Markets, comes on the show to share the results of their semi-annual Middle Market Indicator (MMI) where they surveyed 1,000 middle-market companies. I loved this addition because we got

ITR Economics, "first in forecasts worldwide," boasts a 94.7% forecast accuracy. Their Chief Economist and CEO Brian Beaulieu joins us for a fast-paced and engaging discussion on the economic outlook for the U.S. and global economy in 2023 and beyond.But this isn't just your average discussion on economic trends. Our conversation is geared toward helping manufacturers and educators prepare for what's coming in the next 1-3 years, hone their competitive edge, take advantage of funding while it's available, and hedge against challenges that will arise.3 Big Takeaways from this episode:Inflation, supply chain issues, reshoring, and labor market - explained: When will inflation ease? Will there be a recession in 2023? Where did all the workers go? When will the supply chain get sorted out? These are big questions we've all been pondering for the last year, and now Brian shares the answers. His insights (backed by a long history of accurate economic predictions) will foster hope and provide direction to business leaders and educators alike.Manufacturers should focus on solving the people problem: The labor shortage is not news, and as more companies move back to the U.S., manufacturers will continue to have issues finding skilled workers. Brian discusses several solutions, like turning to automation, adapting your work culture to reach hard-working Millennials and Gen Z workers, and developing a long-term privately-run labor program for individuals immigrating to the U.S.Education must take advantage of 3 years of good funding: Brian shares confidence in the funding available to education over the next three years. We've already seen an increase in federal support of technical education (and education in general) since the onset of the pandemic in 2020. But how long will this last, and when should educators expect to prepare for budget cuts? Listen to find out.ResourcesTo learn more about ITR Economics, visit their website.Connect with ITR Economics on social media:Facebook  |  LinkedIn  |  Twitter  |  YouTubeView episode page: https://techedpodcast.com/2023economy/Instagram - Facebook - YouTube - TikTok - Twitter - LinkedIn

Patrick Luce, economist at ITR Economics says that the slowing cycle the economy will be going through this year will result in a hard landing late this year and into 2024. Luce still sees the consumer being in good shape to help power the economy along, which is why he expects the recession to be mild and reminiscent of the mid-1990s. Still after a recovery that will run most of the second half of this decade, Luce says the market is headed for real trouble -- another Great Depression -- in the 2030s. Dan Zanger, chief technical officer at ChartPattern.com offers some short and intermediate optimism, noting that the first week of the year tends to portend the action for the entire year and 2023 got off to an optimistic start. Zanger sees the best current opportunities in international stocks, particularly some big-name companies in China. Also on the show, Chuck answers a listener's question about taking an annuity or a lump-sum as they leave behind an employer who offered them a pension settlement, and Abby Davisson, co-author of 'Money and Love: An Intelligent Roadmap for Life's Biggest Decisions' joins Chuck for The Book Interview.

Dec 28, 2022 – Brian Beaulieu, CEO and Chief Economist of ITR Economics, discusses their recent downgrade to the US and global economic outlook based on the leading economic indicators they follow, what this means for inflation and...

Episode 525: Throughout 2022 on Insurance Uncovered, we spoke with several industry experts who explained how the effects of inflation influence decision making in every industry and household. Among the questions we tackled whether this inflationary era will be temporary or long lasting; and what can be done to minimize the impact on the insurance industry.

  Brian Beaulieu is the CEO and Chief Economist of ITR Economics and the Returning Guest from the Episode 67   In this episode we talked about: Fiscal Policy Response View on Interest Rates Increase 2023 Real Estate Trends Rental Prices Macroeconomic Perspective    Useful links: https://www.itreconomics.com/ https://www.linkedin.com/in/brian-beaulieu-28481977/ https://workingcapitalpodcast.com/real-estate-inflation-and-government-policy-with-economist-brian-beaulieu-ep67/ - episode 67

Jan Rutherford and Jim Vaselopulos, the hosts of The Leadership Podcast, explore core values based on the six cardinal virtues. Follow the discussion in this important episode to be reminded how the cardinal virtues apply in life and at work, and how you and your organization can move forward by going back to the fundamentals of leadership. https://bit.ly/TLP-333   Key Takeaways [1:25] Jan and Jim have both received a lot of very positive texts about Episode 332, featuring Richie Norton, who talked about the brevity of life. Jan sees that people are planning frantically for next year. [3:05] Leaders are making sure they don't get caught up in emotions but look at the facts. Jim refers to past guest Alan Beaulieu and ITR Economics. The slowdown we're feeling is a slowdown in the rate of growth, not a recession. Slowing from 25% growth to 9% growth feels like the airbags just came on. Don't overreact. [5:20] The numbers come from our words, deeds, and our ability to work through other people. Leaders get people to do things willingly that they would not do otherwise. How we lead depends on our values. Ask what is the most important thing, the second-most important, the third-most important, and so forth. We need to prioritize what we value and translate those values into behaviors we can observe. [6:47] If we say we value integrity, what is the observable behavior that comes from that value? Is hitting the number that top priority, or are people a priority? [7:42] It doesn't matter what you say, it matters what you do. Your culture is a product of your daily decisions and how you treat people. [8:53] Jim recalls an experience from his first college internship at Glenview Tool Company. The owner, Mike Sciortino told him that a security device can't prevent all theft but it can help keep honest people honest. Jim says, as leaders, let's help people do the right thing. Let's encourage them. [11:04] Jan shares a recent airline experience where “the system” wouldn't allow the airline to fix a problem. The system should be for people! [11:40] Jan explains the six cardinal virtues: Wisdom, Courage, Humanity, Justice, Temperance, and Transcendence. Wisdom is built upon curiosity. We have to reward curiosity if we want people to be able to identify problems. Daily, use the statement, “That's a great question!” Reward questions! It's important to catch people doing right. [17:15] Take the focus of questions away from yourself and put it on the other person. Instead of saying, “I don't understand this, can you explain it to me?” say, “That's fascinating. Help me understand why you're going about it that way.” [18:12] Courage gets a lot of talk these days. The best business translation of courage is honesty. Sometimes we say authentic. Jan coached a client who had been honest to their boss, but their boss just got quiet, as though wounded. If we want the truth, we need to hear it. Jim cites Choosing Courage, by Jim Detert. Courage is related to timing. Sometimes, wait for the right moment instead of blurting it out. [21:45] Jan's client recently told him that part of being courageous is not being complicit. Don't keep quiet about stuff. [22:39] Employees always have three choices about their workplace: Suck it up and deal with a toxic culture, try to change it, or leave. What do you stand for? What are you willing to compromise on, or not? It's not like there's much greener grass in different places, but there is different grass in all the organizations. You don't have to be complicit in a toxic culture or abusive leadership. [24:40] Humanity is simple kindness or the Golden Rule. This can be hard because there's a lot of competition. There's tunnel vision. Some niceties go by the wayside. But research shows that human kindness works. Humans respond best to positive reinforcement. Humanity is a decision that doesn't depend on anyone else. Just be kind, even if people are mean to you. It's doing the right thing. [28:01] Jan tells of going from being a sergeant to being an officer. He was told, “You don't have to speak like the soldiers; you can be above that.” It's a matter of respect. If you try to fit in by speaking the cool lingo, it is inauthentic. [28:58] Justice is fairness. Organizations are asking people to be fair to one another. But, in personalized leadership, you can't treat everybody the same, because of their individuality and the work function they have. People want one-on-one time with their leader. In all that, we have to be sure we're being perceived as being fair. Encourage others in the organization to be fair and equitable. [33:19] Temperance is self-discipline. Without self-discipline and sacrifice, we can't tackle big goals. John Wooden taught players how to put on socks and shoes so they wouldn't get blisters. In business, we are missing so many fundamentals, such as starting and ending meetings on time and being predictable. [35:00] Jim says discipline is respect. Showing up to meetings on time is respectful of everybody's time. Discipline with personal and business goals is respect for how important those goals are. If you don't have self-discipline, you probably don't have self-respect. Discipline thrives when you have respect. If you don't have self-respect, discipline falters. [36:29] Transcendence is spirituality. In work, Jan sees it as being gracious and operating with gratitude. Jim reminds us that in the grand scheme of things, our role is small. How do you relate to the universe and other people and creatures? Barry Schwartz, in Practical Wisdom, told of janitors in a cancer care unit operating with graciousness because the patients were in great need and having a hard time. [38:19] The transcendent behavior of the janitors improved the condition of the patients, who were at their most humiliating moments. The janitors were looking at the bigger picture than cleaning up a mess. In high-performing organizations, people operate with that level of transcendence. People who win the Medal of Honor are operating with transcendence, also known as Mission, Vision, and Values. [39:20] Companies are not started for the sake of creating a great culture. A company starts because there is a market need, and they think they can help people. More people get involved and then they think about having a good company, which means having a good culture. People are tribal. The cardinal virtues are the rules to get along with our tribe and be of service to other humans in other tribes. [40:50] Things feel out of hand because we've gotten so far from the fundamentals. As you look at planning, go back and say, “Are we making this too complicated?” [42:24] Closing quote: Remember, “Courage is the most important of all the virtues because without courage you can't practice any other virtue consistently. You can practice any virtue erratically, but nothing consistently without courage.” — Maya Angelou   Quotable Quotes “As [Richie Norton] reminded us, ‘Life is short' isn't a cliché, it's true. and ‘Don't defer your dreams.' Boy, that show resonated!” — Jan “We had some sectors that were growing at 25% and now they're only going to grow at 9%, so it feels like the airbags just came on because we're slowing down from 25 to 9. … The slowdown is huge but it's still a rate of growth. … Let's not overreact.” — Jim “[As a leader,] you're basically saying, ‘Let's change the trajectory, let's improve performance, let's do something different that you wouldn't have done if I didn't intercede.'” — Jan “Your culture isn't what you want it to be. Your culture is a product of the decisions you make on a daily basis. … Do [you] respect people? Do [you] listen to them when they have a concern?” — Jim “If people aren't asking questions around you, you might be the emperor without clothes.” — Jim “There is a way to ask a question so that it will never be perceived as stupid. … [Instead of ‘I don't understand this,' say], ‘That's really fascinating. What made you think to do it that way?' or ‘Help me understand why you're going about it that way.'” — Jim “We see what's going on in big tech right now; it's all fear. It's awful. People are afraid to speak up.” — Jan “It's not like there's much greener grass in different places, but there is different grass in all the organizations. They're different. There might be a place where the values line up better with what you're all about. You don't have to be complicit in a toxic culture.” — Jan “Humanity is a decision that doesn't depend on anyone else. If you're going to be kind, just be kind, even if people are mean to you.” — Jim “As leaders, we've got to encourage others in the organization to be fair and equitable.” — Jan “We know this: Without a certain amount of self-discipline and sacrifice, you can't tackle big goals and defer short-term pleasures. It's really hard. And any organization has really long-term goals.” — Jan “No company that I know of was started to create a great culture. … Every company starts because there's a market need and they think they can help other human beings. And then they get more people involved. And then they say, … ``We should have a good company!” — Jan “We are tribal. To me, these cardinal virtues are the rules for us to behave in a certain way to get along with our tribe and to deliver services, offerings, and products to other humans in other tribes. That's what we're doing.” — Jan “Everything feels like it's out of hand because we've gotten so far from the fundamentals.” — Jan   Resources Mentioned Theleadershippodcast.com Sponsored by: Darley.com Rafti Advisors. LLC Self-Reliant Leadership. LLC Interact with Jan and Jim on LinkedIn, Facebook, Twitter, and Instagram Richie Norton Alan Beaulieu ITR Economics Choosing Courage: The Everyday Guide to Being Brave at Work, by Jim Detert Jim Detert Kim Cameron The Positive Coaching Alliance Jim Thompson All I Really Need to Know, I learned in Kindergarten: Uncommon Thoughts on Common Things, by Robert Fulghum Discipline is Destiny: The Power of Self-Control, by Ryan Holiday John Wooden Kareem Abdul-Jabaar Practical Wisdom: The Right Way to Do the Right Thing, by Barry Schwartz and Kenneth Sharpe Medal of Honor The Marshmallow Test

Jan Rutherford and Jim Vaselopulos, the hosts of The Leadership Podcast, explore core values based on the six cardinal virtues. Follow the discussion in this important episode to be reminded how the cardinal virtues apply in life and at work, and how you and your organization can move forward by going back to the fundamentals of leadership. https://bit.ly/TLP-333   Key Takeaways [1:25] Jan and Jim have both received a lot of very positive texts about Episode 332, featuring Richie Norton, who talked about the brevity of life. Jan sees that people are planning frantically for next year. [3:05] Leaders are making sure they don't get caught up in emotions but look at the facts. Jim refers to past guest Alan Beaulieu and ITR Economics. The slowdown we're feeling is a slowdown in the rate of growth, not a recession. Slowing from 25% growth to 9% growth feels like the airbags just came on. Don't overreact. [5:20] The numbers come from our words, deeds, and our ability to work through other people. Leaders get people to do things willingly that they would not do otherwise. How we lead depends on our values. Ask what is the most important thing, the second-most important, the third-most important, and so forth. We need to prioritize what we value and translate those values into behaviors we can observe. [6:47] If we say we value integrity, what is the observable behavior that comes from that value? Is hitting the number that top priority, or are people a priority? [7:42] It doesn't matter what you say, it matters what you do. Your culture is a product of your daily decisions and how you treat people. [8:53] Jim recalls an experience from his first college internship at Glenview Tool Company. The owner, Mike Sciortino told him that a security device can't prevent all theft but it can help keep honest people honest. Jim says, as leaders, let's help people do the right thing. Let's encourage them. [11:04] Jan shares a recent airline experience where “the system” wouldn't allow the airline to fix a problem. The system should be for people! [11:40] Jan explains the six cardinal virtues: Wisdom, Courage, Humanity, Justice, Temperance, and Transcendence. Wisdom is built upon curiosity. We have to reward curiosity if we want people to be able to identify problems. Daily, use the statement, “That's a great question!” Reward questions! It's important to catch people doing right. [17:15] Take the focus of questions away from yourself and put it on the other person. Instead of saying, “I don't understand this, can you explain it to me?” say, “That's fascinating. Help me understand why you're going about it that way.” [18:12] Courage gets a lot of talk these days. The best business translation of courage is honesty. Sometimes we say authentic. Jan coached a client who had been honest to their boss, but their boss just got quiet, as though wounded. If we want the truth, we need to hear it. Jim cites Choosing Courage, by Jim Detert. Courage is related to timing. Sometimes, wait for the right moment instead of blurting it out. [21:45] Jan's client recently told him that part of being courageous is not being complicit. Don't keep quiet about stuff. [22:39] Employees always have three choices about their workplace: Suck it up and deal with a toxic culture, try to change it, or leave. What do you stand for? What are you willing to compromise on, or not? It's not like there's much greener grass in different places, but there is different grass in all the organizations. You don't have to be complicit in a toxic culture or abusive leadership. [24:40] Humanity is simple kindness or the Golden Rule. This can be hard because there's a lot of competition. There's tunnel vision. Some niceties go by the wayside. But research shows that human kindness works. Humans respond best to positive reinforcement. Humanity is a decision that doesn't depend on anyone else. Just be kind, even if people are mean to you. It's doing the right thing. [28:01] Jan tells of going from being a sergeant to being an officer. He was told, “You don't have to speak like the soldiers; you can be above that.” It's a matter of respect. If you try to fit in by speaking the cool lingo, it is inauthentic. [28:58] Justice is fairness. Organizations are asking people to be fair to one another. But, in personalized leadership, you can't treat everybody the same, because of their individuality and the work function they have. People want one-on-one time with their leader. In all that, we have to be sure we're being perceived as being fair. Encourage others in the organization to be fair and equitable. [33:19] Temperance is self-discipline. Without self-discipline and sacrifice, we can't tackle big goals. John Wooden taught players how to put on socks and shoes so they wouldn't get blisters. In business, we are missing so many fundamentals, such as starting and ending meetings on time and being predictable. [35:00] Jim says discipline is respect. Showing up to meetings on time is respectful for everybody's time. Discipline with personal and business goals is respect for how important those goals are. If you don't have self-discipline, you probably don't have self-respect. Discipline thrives when you have respect. If you don't have self-respect, discipline falters. [36:29] Transcendence is spirituality. In work, Jan sees it as being gracious and operating with gratitude. Jim reminds us that in the grand scheme of things, our role is small. How do you relate to the universe and other people and creatures? Barry Schwartz, in Practical Wisdom, told of janitors in a cancer care unit operating with graciousness because the patients were in great need and having a hard time. [38:19] The transcendent behavior of the janitors improved the condition of the patients, who were at their most humiliating moments. The janitors were looking at the bigger picture than cleaning up a mess. In high-performing organizations, people operate with that level of transcendence. People who win the Medal of Honor are operating with transcendence, also known as Mission, Vision, and Values. [39:20] Companies are not started for the sake of creating a great culture. A company starts because there is a market need, and they think they can help people. More people get involved and then they think about having a good company, which means having a good culture. People are tribal. The cardinal virtues are the rules to get along with our tribe and be of service to other humans in other tribes. [40:50] Things feel out of hand because we've gotten so far from the fundamentals. As you look at planning, go back and say, “Are we making this too complicated?” [42:24] Closing quote: Remember, “Courage is the most important of all the virtues, because without courage you can't practice any other virtue consistently. You can practice any virtue erratically, but nothing consistently without courage.” — Maya Angelou   Quotable Quotes “As [Richie Norton] reminded us, ‘Life is short' isn't a cliché, it's true. and ‘Don't defer your dreams.' Boy, that show resonated!” — Jan “We had some sectors that were growing at 25% and now they're only going to grow at 9%, so it feels like the airbags just came on because we're slowing down from 25 to 9. … The slowdown is huge but it's still a rate of growth. … Let's not overreact.” — Jim “[As a leader,] you're basically saying, ‘Let's change the trajectory, let's improve performance, let's do something different that you wouldn't have done if I didn't intercede.'” — Jan “Your culture isn't what you want it to be. Your culture is a product of the decisions you make on a daily basis. … Do [you] respect people? Do [you] listen to them when they have a concern?” — Jim “If people aren't asking questions around you, you might be the emperor without clothes.” — Jim “There is a way to ask a question so that it will never be perceived as stupid. … [Instead of ‘I don't understand this,' say], ‘That's really fascinating. What made you think to do it that way?' or ‘Help me understand why you're going about it that way.'” — Jim “We see what's going on in big tech right now; it's all fear. It's awful. People are afraid to speak up.” — Jan “It's not like there's much greener grass in different places, but there is different grass in all the organizations. They're different. There might be a place where the values line up better with what you're all about. You don't have to be complicit in a toxic culture.” — Jan “Humanity is a decision that doesn't depend on anyone else. If you're going to be kind, just be kind, if people are mean to you.” — Jim “As leaders, we've got to encourage others in the organization to be fair and equitable.” — Jan “We know this: Without a certain amount of self-discipline and sacrifice, you can't tackle big goals and defer short-term pleasures. It's really hard. And any organization has really long-term goals.” — Jan “No company that I know of was started to create a great culture. … Every company starts because there's a market need and they think they can help other human beings. And then they get more people involved. And then they say, … ``We should have a good company!” — Jan “We are tribal. To me, these cardinal virtues are the rules for us to behave in a certain way to get along with our tribe and to deliver services, offerings, and products to other humans in other tribes. That's what we're doing.” — Jan “Everything feels like it's out of hand because we've gotten so far from the fundamentals.” — Jan   Resources Mentioned Theleadershippodcast.com Sponsored by: Darley.com Rafti Advisors. LLC Self-Reliant Leadership. LLC Interact with Jan and Jim on LinkedIn, Facebook, Twitter, and Instagram Richie Norton Alan Beaulieu ITR Economics Mike Sciortino Choosing Courage: The Everyday Guide to Being Brave at Work, by Jim Detert Jim Detert Kim Cameron The Positive Coaching Alliance Jim Thompson All I Really Need to Know, I learned in Kindergarten: Uncommon Thoughts on Common Things, by Robert Fulghum Discipline is Destiny: The Power of Self-Control, by Ryan Holiday John Wooden Kareem Abdul-Jabaar Practical Wisdom: The Right Way to Do the Right Thing, by Barry Schwartz and Kenneth Sharpe Medal of Honor The Marshmallow Test

Jul 6 – Brian Beaulieu, CEO and Chief Economist of ITR Economics, discusses their outlook for a US recession, their short and long-term outlook for inflation, and why they believe the US will enter a... Subscribe to our premium weekday podcasts: https://www.financialsense.com/subscribe

QUARTERLY ECONOMIC AND M&A MARKET UPDATE There’s a lot going on in the world today that could make a business owner feel anxious and question what to do next with their company. Should you sell your business? Acquire other companies? Reinvest? Play the long game and grow intrinsic value? What about the labor market, geopolitics, and supply chains, and their impact on my growth potential and future value of the business? ANSWERS AND DISCUSSIONS TO ALL THE QUESTIONS ABOVE START IN THIS FIRST EPISODE OF OUR QUARTERLY ECONOMIC AND M&A MARKET UPDATE SERIES They are going to be segmented into three sections. Below are each of the three organizations, the topics, and we listed the starting point for each segment - along with the main highlights - so you can jump to one section if you’d like. View Section: ITR Economics, Brian Beaulieu // 05:20 GF Data, Bob Wegbreit // 41:45 ButcherJoseph, Jeff Buettner // 1:19:30 First, you will get insights into the current macroeconomic environment, market trends and things to keep an eye on in the future; second, you will hear updates on the data behind recent private transactions, valuations, and deal volume and structures; and lastly, you will hear stories from people who are doing deals in the M&A market. This episode will be a bit longer because we had each organization give a bit about themselves, their company’s background, as well as where they get their information. WHY ARE WE DOING THIS? We want to bring to you resources - typically only accessed by people at the heart of private M&A deals and the capital markets - so you can make better decisions, grow the value of your company, and get where you want to go faster. Middle- and lower-market privately held business owners (we’re defining that as around $2M to $250M in revenue) need more information–on the economy, capital markets, and the M&A market–that is timely, relevant, and useful to them. So many resources are spent gathering and publishing information that is geared toward the public markets, and we believe that privately held marketplaces need - and deserve - more attention. //WATCH THE INTERVIEW ON YOUTUBE: Intentional Growth™ Podcast What You Will Learn ITR Economics, Brian Beaulieu // 05:20 The first segment (05:20) is from ITR economics where Brian Beaulieu goes over an analysis of current market trends and what to expect in the future as a business owner with consumer trends, increases in interest rates, and the predicted 2030 depression. Since 1948, ITR Economics has provided business leaders with economic information, insight, analysis, and strategy. ITR Economics is the oldest privately held, continuously operating economic research and consulting firm in the US. How ITR Economics uses rate of change in their forecasts The cause of business cycles and why people fear them because there’s no context Why the bond market foreshadows high interests rates ITRs insight to the 2030 depression and how to shift your mindset towards it The consumer and leading indicator trends GF Data, Bob Wegbreit // 41:45 In the second segment (41:45), Bob from GF Data, a data aggregator on private-equity sponsored M&A transactions with enterprise values of $10-250 million, talks about M&

QUARTERLY ECONOMIC AND M&A MARKET UPDATE There’s a lot going on in the world today that could make a business owner feel anxious and question what to do next with their company. Should you sell your business? Acquire other companies? Reinvest? Play the long game and grow intrinsic value? What about the labor market, geopolitics, and supply chains, and their impact on my growth potential and future value of the business? ANSWERS AND DISCUSSIONS TO ALL THE QUESTIONS ABOVE START IN THIS FIRST EPISODE OF OUR QUARTERLY ECONOMIC AND M&A MARKET UPDATE SERIES They are going to be segmented into three sections. Below are each of the three organizations, the topics, and we listed the starting point for each segment - along with the main highlights - so you can jump to one section if you’d like. View Section: ITR Economics, Brian Beaulieu // 05:20 GF Data, Bob Wegbreit // 41:45 ButcherJoseph, Jeff Buettner // 1:19:30 First, you will get insights into the current macroeconomic environment, market trends and things to keep an eye on in the future; second, you will hear updates on the data behind recent private transactions, valuations, and deal volume and structures; and lastly, you will hear stories from people who are doing deals in the M&A market. This episode will be a bit longer because we had each organization give a bit about themselves, their company’s background, as well as where they get their information. WHY ARE WE DOING THIS? We want to bring to you resources - typically only accessed by people at the heart of private M&A deals and the capital markets - so you can make better decisions, grow the value of your company, and get where you want to go faster. Middle- and lower-market privately held business owners (we’re defining that as around $2M to $250M in revenue) need more information–on the economy, capital markets, and the M&A market–that is timely, relevant, and useful to them. So many resources are spent gathering and publishing information that is geared toward the public markets, and we believe that privately held marketplaces need - and deserve - more attention. //WATCH THE INTERVIEW ON YOUTUBE: Intentional Growth™ Podcast What You Will Learn ITR Economics, Brian Beaulieu // 05:20 The first segment (05:20) is from ITR economics where Brian Beaulieu goes over an analysis of current market trends and what to expect in the future as a business owner with consumer trends, increases in interest rates, and the predicted 2030 depression. Since 1948, ITR Economics has provided business leaders with economic information, insight, analysis, and strategy. ITR Economics is the oldest privately held, continuously operating economic research and consulting firm in the US. How ITR Economics uses rate of change in their forecasts The cause of business cycles and why people fear them because there’s no context Why the bond market foreshadows high interests rates ITRs insight to the 2030 depression and how to shift your mindset towards it The consumer and leading indicator trends GF Data, Bob Wegbreit // 41:45 In the second segment (41:45), Bob from GF Data, a data aggregator on private-equity sponsored M&A transactions with enterprise values of $10-250 million, talks about M&