Esteemed economist Brian Beaulieu predicts a seismic shift in the global economy in 2030. They discuss the importance of accuracy and integrity in data reporting, the impact of COVID and deficit spending on the national debt, and the effects of deflation on bonds and real estate. They recommend changing investment strategies and highlight the lesson of utilizing data for better forecasting.
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Quick takeaways
Gaining market share is crucial for businesses between now and 2030, requiring focus on growth and expanding into new geographies, introducing new products, and making strategic acquisitions.
Accurate economic forecasts require analyzing leading indicators, identifying true competitive strengths, leveraging data, and adapting to new technologies and industries.
Deep dives
The Importance of Gaining Market Share
In the podcast episode, Brian Boulio, CEO of ITR Economics, highlights that gaining market share is crucial for businesses between now and the 2030s. He emphasizes the need to focus on growth and gaining market share rather than simply preserving wealth. By expanding into new geographies, introducing new products, and making strategic acquisitions, businesses can position themselves for success during this period of economic turmoil and social unrest.
Lessons from Economic Forecasting
Brian Boulio reflects on a mistake made in 1983 when he and his team rationalized data instead of utilizing it effectively. He emphasizes the importance of analyzing leading indicators to accurately forecast economic trends. He advises against relying solely on price as a competitive advantage and encourages businesses to identify their true competitive strengths. By leveraging data and adapting to new technologies and industries, businesses can thrive even in challenging economic conditions.
Navigating the Super Cycle and Market Opportunities
Brian Boulio explains that the next decade will be characterized by market volatility and social unrest, aligned with the economic super cycle. He highlights that businesses should focus on gaining market share in industries that will withstand the economic downturn, such as state, local, and federal protection services, healthcare, teaching, and professional services. Additionally, he advises businesses to prepare for a rebound period in the mid-2020s and consider strategic investments that align with changing market dynamics and consumer behavior.
Insights into the Economic Future
Brian Boulio predicts that the global economy will experience a decline from 2030 to 2036. He attributes this decline to factors such as government deficits, negative demographic trends in China, and social security and healthcare costs. However, he highlights that post-2036, the economy is expected to rebound as wealth and power transfer to younger generations. He advises business owners to make strategic decisions, invest in sectors that will thrive despite economic challenges, and plan for the long-term by capitalizing on emerging technologies and new industries.
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.