#257 - 2021 Market Forecasts, Debt, China, & Great Depression 2030 Alan Beaulieu from ITR Economics

With the current state of the world, it’s only natural to wonder how stable the economy is, what is going on in the markets and if there are any major concerns on the horizon. Alan Beaulieu is on the show today to give us a market update. He is a principal at ITR Economics, which has had an unmatched 94.7% forecast accuracy at four quarters out since 1985. ITR has also predicted an economic downturn in 2030 as big as the Great Depression. Alan has a reputation as an accurate, straightforward economist, delivering award-winning workshops and economic analysis seminars world-wide for the last 30 years. Alan has a reputation as an accurate, straightforward economist who has delivered award-winning workshops and economic analysis seminars world-wide for the last 30 years, and has co-authored three books with his brother Brian Beaulieu: Make Your Move, Prosperity in the Age of Decline and But I Want It! Tune into this episode to get a glimpse into the future so you can start to build your business plans accordingly. WHAT YOU WILL LEARN IN TODAY'S PODCAST INTERVIEW -The impact the 2020 pandemic has had on the current and future states of the economy -The leading indicators ITR Economics uses to make their economic forecasts and how the four phases of a business fit in -How a lack of “sound financial thinking” is helping to spur the next depression -The importance of measuring your rate of change and how it will help you predict the future -How Alan and his team forecast with a 95% accuracy during the 2020 pandemic -The impact of 80 million Americans drawing social security (within the next decade), be on prescription drugs and using Medicare—double the 40 million who use such programs today -What modern monetary theory (MMT) is and how it could impact the future of our economy -Why one could argue we’re driving the bus straight toward the cliff when it comes to our economy -When to pass on growth rather than overextend -The fallacy of equality -Why ITR Economics is forecasting a serious depression by 2030 -How focusing on relevant producer price index (PPI) can help you navigate your business through a recession -What to do to avoid floundering during a depression -USA’s new place in the global market and what’s next -What ways you can start de-risking your business today to better prepare for the future -How the USA’s and China’s economies match up and some things to expect going forward PODCAST INTERVIEW QUOTES: 21:33 - “Your listeners should know this is temporary. We're not going to see massive systemic inflation for years.” – Alan Beaulieu 35:14 - “That’s one of our goals here, to help businesses see the future. That’s our passion is to see the future first.” – Alan Beaulieu 37:58 - “You do have to be in industries that will be in demand, even with a Great Depression upon us.” – Alan Beaulieu 47:26 - “China’s got more problems than we do. We just don’t hear about them.” – Alan Beaulieu 56:39 - “Take risks now, as in invest in your business for future growth.” – Alan Beaulieu CONTACT INFORMATION: LinkedIn:   / alan-beaulieu-8343283   ALAN BEAULIEU Alan Beaulieu is principal at ITR Economics, which has had an unmatched 94.7% forecast accuracy at four quarters out since 1985. He has a reputation as an accurate, straightforward economist, delivering award-winning workshops and economic analysis seminars world-wide for the last 30 years. Alan has also co-authored, with his brother Brian Beaulieu, the books Make Your Move, Prosperity in the Age of Decline and But I Want It!