Intentional Growth #382: Q4 2023 Economic and M&A Update with Brian Beaulieu and Jeff Buettner
In this insightful episode of the podcast, we delve into the complexities of the current economic landscape with a focus on the forecast for 2024, the implications of a mild recession, and strategies for businesses to navigate these challenging times. The discussion also covers the evolving dynamics of wholesale trade, financial market volatility, and the impact of geopolitical events on global economies.
THREE BIG IDEAS FROM THE INTERVIEW:
- Mild Recession in 2024 and Opportunities It Presents: The episode discusses the anticipated mild downturn in 2024. Despite this, there are opportunities for entrepreneurs to capitalize on, particularly as the U.S. economy is expected to rise in the second half of 2025 and beyond.
- Economic Volatility and Its Implications: The podcast highlights the elevated volatility in financial markets and other sectors like oil, emphasizing the need for businesses to be prepared for rapid changes and unexpected developments.
- Impact of Geopolitical Events and Changing Global Dynamics: The conversation sheds light on how geopolitical events, such as the evolving relationship between China and the United States, are influencing global economic trends and supply chains.
ABOUT BRIAN BEAULIEU:
Brian Beaulieu has served as CEO and Chief Economist of ITR Economics since 1987, where he researches the use of business cycle analysis and economic forecasting as tools for improving profitability. Brian has shared his highly valued research results via presentations, workshops, and seminars in numerous countries to hundreds of thousands of business owners and executives for the last 40 years. He is coauthor of Prosperity in the Age of Decline, a powerful look at how to make the most of the US and global trends over the next 20 years, as well as Make Your Move, a practical and insightful guide to increasing profits through inevitable business cycle changes. Brian also coauthored But I Want It!, ITR Economics’ first children’s book. Brian serves on the board of directors for the Ariens Company, a leading global manufacturer of outdoor power equipment, as an advisor to Ackerberg Investors Fund III, as well as the board for Bellwether Wealth, an investment management and strategic wealth planning firm based in Lincoln, NE.
Brian has shared his expertise through various media outlets, including: USA Today, Knight Ridder, The Atlanta Journal-Constitution, The Wall Street Journal, Barron’s, The Washington Post, Kudlow and Friends, First on Fox, and numerous other outlets.
Resources:
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REST OF SHOW NOTES:
In a world where economic predictions often seem as uncertain as the weather, the podcast episode provides a beacon of insight, navigating through the fog of economic forecasts and global market dynamics. The episode, featuring expert perspectives, offers a deep dive into what businesses can expect in the coming years, particularly focusing on the forecast for 2024.
The Anticipated Mild Recession of 2024:
As we sail into 2024, a mild recession looms on the horizon. However, unlike the catastrophic downturns of the past, this upcoming recession presents a unique set of opportunities. Businesses that are agile and strategic can leverage this period to strengthen their position. The discussion emphasizes the importance of being proactive and seizing the moment to gain a competitive edge.
Navigating Through Economic Volatility:
The podcast doesn't shy away from addressing the elephant in the room – the heightened economic volatility. From whipsawing financial markets to fluctuating oil prices, the episode lays out a roadmap for businesses to navigate these turbulent waters. The key takeaway is clear: adaptability and a keen eye on global trends are crucial for survival and success.
The Geopolitical Chessboard:
In an increasingly interconnected world, geopolitical events have far-reaching impacts on the global economy. The episode delves into the shifting dynamics between major global players like the United States and China. It underscores how these changes are reshaping supply chains and influencing business strategies. The conversation encourages listeners to consider the broader picture, understanding how international developments can affect local markets and business decisions.
The Role of Wholesale Trade and Consumer Behavior:
A significant part of the discussion revolves around the changing landscape of wholesale trade and consumer behavior. As we approach 2024, these shifts become crucial indicators for businesses to watch. The podcast provides valuable insights into how these trends can be used to forecast demand and adjust business strategies accordingly.
Financial Market Insights:
One of the highlights of the episode is the deep dive into financial markets. With an emphasis on volatility and its impact on investments and business growth, the conversation provides practical advice on how to approach financial planning and risk management in uncertain times.
Preparing for the Future:
As the episode concludes, it leaves listeners with a sense of preparedness for the upcoming economic challenges. The discussion not only highlights the potential hurdles but also illuminates the path forward for businesses to thrive in a post-2024 landscape.
FINAL THOUGHTS:
This podcast episode stands as a testament to the importance of understanding economic trends and being prepared for the future. In a world where change is the only constant, the insights shared in this episode are invaluable for businesses looking to navigate the complexities of the global economy with confidence and clarity.
PODCAST INTERVIEW QUOTES:
04:30 - “In the second half of '25 and '26 and following years, we see the US economy rising. So keep your eye on the price, take advantage of the opportunities during the week and next thing you know, ‘Bob’s your uncle.’” - Brian Beaulieu
07:47 - “We're seeing excess inventories up there now. And that's the more dangerous spot. And that's what makes the trend for us anyways in wholesale trade all the more worrisome.” - Brian Beaulieu
12:41 - “That credit won't loosen up for at least another year. So the conditions that we're currently faced with, the ones that we have to deal with for at least a year.” - Brian Beaulieu
INTENTIONAL GROWTH™ RESOURCES:
- Intentional Growth™ Podcast Archives: Archive of 367+ episodes and counting. Get access to the entire library HERE. We'll be adding a searchable tagging feature later on this year.
- IG Financial Scorecard: Get your Intentional Growth™ Score that grades you on how well you are viewing - and running your business like a financial asset. Get your results and 5 case study videos HERE.
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