Global Economic Update — The New Normal:
We are now looking at transformational change. The corporate mantra for this year has been "If we can just hold on, one of these days things will get back to normal." Forget about getting back to normal this is the new normal. More regulation, a weaker consumer, higher borrowing costs, more protectionism, a weaker dollar more volatility, sudden shifts of perception, higher rates of unemployment, years before housing prices get back to old highs, more government debt, more taxes, a little deflation, then a lot more inflation and an end to US global economic domination.
So instead of just trying to hold on, accept things have changed and develop new strategies. It means narrowing your product focus, accelerating innovation. Making big business feel like small business so it can be nimble and move quickly. It is about building a corporate culture, spending more time and effort in making employees more comfortable in the work environment to get greater productivity.
Economy & Financial Markets:
As a former Chairman of the Board on Pension & Investment Committees responsible for $120 Billion, Don specializes in strategic asset allocation based on long-term trend analysis and understanding of "Big Picture Scenarios" and their impact on specific industries. He has a profound real-world insight into Financial Markets in such key areas as interest rates, energy prices, real estate, and economic policy. Though a long-term optimist, he is refreshingly candid about current economic realities and short term solutions vs. long term wealth creation.
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Global Economic Tour:
In the last twenty years the global economy has produced three billion new capitalists with a voracious appetite for consumer products, while creating a new global labor market. Asia has become the second engine of global economic growth; Europe seeks to define its new global identity; Latin America witnesses the birth of a new middle class; and mineral and agricultural rich Canada is perfectly positioned. Don presents a bold assessment of the current political and economic events and forecasts major trends in the global economy.
Tectonic Plates of Change:
Don believes that the velocity of change is accelerating due to Globalization, Demographics, and Technology. When these forces interact, massive changes or tectonic shifts occur, creating a visceral new reality. To be successful, companies and individuals need to become pro-active, anticipatory, inter-disciplinary, new ethical dilemmas, new technology, biogenetics and healthcare. You will learn how these trends will impact your own work environment and how to apply those trends in predicting your own "future."
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