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Talking Air FiltrationAuthor: National Air Filtration Association
Finally, an air filtration podcast for people who agree that #cleanairmatters! Listen for interviews with influential people, best practices and education in air filtration. NAFA strives to be The Source for Expertise, Education and Best Practices in Air Filtration. NAFA publishes the Guide to Air Filtration, several best practice guidelines, and maintains several certification programs for individuals to educate and elevate themselves in the profession. Language: en-us Genres: Business, Non-Profit Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Alex Chausovsky: Economic and Labor Market Update
Monday, 17 March, 2025
In this keynote presentation, Alex Chausovsky provides an insightful economic and labor market update. He breaks down key trends in inflation, interest rates, labor market conditions, consumer spending, and business investment, offering actionable advice to help businesses navigate economic transitions. Learn about the economic indicators to watch in 2025, how data differs from perception, and why you should be optimistic about the future of your business.View Chausovsky’s presentation hereFor detailed show notes, read below and use the timestamps to navigate the episode:[2:22] Alex Chausovsky introduces himself and his presentation. His presentation, titled “From Analysis to Action: Driving Business Value Through Insights in the Today Economy,” will help business owners and decision-makers zero in on the changes that matter.[5:00] Bundy Group, an M&A advisory firm and investment bank, helps clients sell their businesses, raise capital, or acquire businesses.[6:47] Chausovsky begins the presentation with a big-picture view of the global economy and the United States’ place in it. The United States remains the largest global economy by a significant margin. News coverage can distort our understanding of other countries, as countries like Russia have much smaller economies than we realize.[12:52] People drive economic performance, so understanding economic performance requires you to understand where people are moving. As states experience population changes, your customers may be moving away from you.[16:02] Geopolitical conditions also affect the economy, particularly state and local elections. The presidential election’s effect on the economy is minimal because the United States is large and bureaucratic at a federal level.[21:14] Political affiliation has deeply impacted Americans’ perception of the economy since the Clinton administration. You can move away from biased perceptions by making your decisions based on data.[28:01] The US economy is driven largely by personal consumption, making up about two-thirds of our GDP. The economy is also driven by business investments and government spending, but government spending tends to be relatively consistent.[34:33] Consumer debt continues to hit record highs, but this is not surprising considering population growth. What matters is how we handle that debt. Most of the consumer debt is in mortgages, which have low interest rates.[38:28] Credit card and auto loan debts are more concerning. The rates of debt in these categories are rising, but they are not at their peak.[41:05] The industrial economy is in an extremely mild recession, which has had a significant impact on the cost of capital.[42:28] There are four key pillars to running a business that is valuable: stability, scale, consistent growth, and customer and supplier diversification.[50:57] Running a business well involves the same kind of logic as the stock market: buy low, sell high. Businesses should strive to be ahead of the market instead of driven by the current market.[53:55] In conclusion, business owners should be optimistic about the future of their markets. As such, they should act accordingly and invest in resources.[57:30] There is currently negative coverage of the labor market that is influencing public perceptions. However, the labor market is doing well overall.[1:02:42] Following the presentation, attendees ask about the impact of strikes and inflation.
