Tag: Inflation

Economic Highs and Lows: Navigating the Current Conditions (Ep. 35)

Economic Highs and Lows: Navigating the Current Conditions (Ep. 35)

In a world of fluctuating markets and economic uncertainty, staying informed and prepared is key.

How do we understand the current economic trends and their potential impacts? How can we make informed decisions to safeguard our wealth?

In this episode, Billy Peterson dives into the economic indicators and market trends that signal progress and caution. He provides insights into the Dow’s historic rise, sector performances, and the looming challenges in real estate and inflation. Furthermore, Billy touches on the political influences on the economy and the importance of personal financial responsibility.

Billy discusses: 

  • The surprising performance of the market, with the Dow reaching new heights 
  • Negative trends in the bond market and its implications for investors
  • The potential danger zones in the real estate market, particularly in commercial real estate due to changing work habits and loan maturities
  • Strategies to harness your wealth despite market fluctuations
  • How government spending and the election will affect the economy and inflation
  • Consumer spending shifts due to the perceived wealth effect and its consequences
  • The significance of personal responsibility in managing finances and investments
  • And more!

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Stay In The Saddle: How to Ride Out The Current Economy (Ep. 23)

Stay In The Saddle: How to Ride Out The Current Economy (Ep. 23)

The current state of the economy is causing uncertainty for many people around the world.

With stock market corrections, volatility, high interest rates, and discussions of a recession, it’s no wonder there is a resounding feeling of doom and gloom surrounding current affairs.

Join Billy and Shaun as they share their thoughts and perspectives on today’s economic landscape including the multitude of fear-mongering and its influence on your financial portfolio and state of mind.

Get up-to-date as Billy and Shaun touch on:

  • Factors impacting spending; inflation, a possible recession, and high interest rates
  • The attractiveness of money market funds and the stocks that have driven returns
  • Real estate woes due to expensive borrowing and the rise of rentals
  • Which sectors you should watch in a slowing economy 
  • And more!

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From Drywall to Derby: Pierre Amestoy’s Journey into Horse Racing (Ep. 17)

From Drywall to Derby: Pierre Amestoy’s Journey into Horse Racing (Ep. 17)

For centuries, horse racing has captivated enthusiasts worldwide.

However, beyond the flashy and glamorous racetrack, the industry intersects heavily with the business world.

In this episode, Billy and Cade Peterson chat with Pierre Amestoy, a prominent figure in the horse racing industry. Pierre shares his story, from working in the family drywall business to having a successful business in the construction industry and what led him to enter the horse industry. Additionally, Pierre emphasizes the importance of putting money to work, pursuing passions, and taking risks.

Pierre discusses: 

  • How he got involved in horse racing, the challenges of the industry, and his success with buying and selling horses
  • The qualities of successful horse trainers and the significance of a winning attitude
  • Why he chose to amalgamate his drywall business with land development
  • The risks faced by business owners due to inflation and rising interest rates
  • The importance of finding something that makes you different from your competition 
  • And more!

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Navigating Economic Ups and Downs: Insights from a Third-Generation Business Owner with Nate Reeve (Ep. 16)

Navigating Economic Ups and Downs: Insights from a Third-Generation Business Owner with Nate Reeve (Ep. 16)

Managing a business has its share of trials and tribulations, from economic uncertainty and market fluctuations to finding a healthy balance between work and life.

In this episode, Billy and Shaun Peterson chat with third-generation business owner Nate Reeve of Reeve & Associates, Inc, about why he chose to buy out his father to become owner and principal of the development firm. Listen as he shares insights about his journey in the engineering industry and how his business continues to excel while navigating economic ups and downs.

Join Billy, Shaun, and Nate as they discuss:

  • How Nate became involved in the business and the pressures of following in his family’s footsteps
  • The impact of the economy, namely recessions and inflation on businesses 
  • Nate’s experience of having a brain tumor removed and the importance of relying on others for support
  • The challenges of government regulations and the impact of interest rates on businesses
  • And more!

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About Our Guest: 

Nate Reeve’s career began at the young age of 9 by helping his dad with surveys and blueprinting construction plans.

After many years of working side by side with his dad, Nate took over the company in 2010 as president. Nate graduated from Utah State University with his degree in civil engineering in 2000. As a licensed professional civil and structural engineer, his project portfolio includes large-scale land development projects with full-on and off-site infrastructure improvements as well as site development projects for the commercial, industrial, residential, and public building sectors. Nate has served as the American Society of Civil Engineers (ASCE) president and was the first recipient of the Enterprise 7 Elite Award.

Nate is married and has two sons and two daughters. Outside of work, Nate is a lover of sports. He enjoys playing basketball, pickleball and golf, and water sports. He also loves traveling to Lake Powell and spending time with his family.

Is a Recession Looming on the Horizon? (Ep. 13)

Is a Recession Looming on the Horizon? (Ep. 13)

During these uncertain times, we are faced with the worry of a recession.

Is there one looming on the horizon?

Find out as Billy and Shaun welcome Strider Elass, Senior Economist at First Trust, as he shares his thoughts and predictions about whether a recession is on its way, and what we can do to prepare.

This insightful episode will cover:

  • The definition of a recession and how it typically affects the economy
  • Recession indicators according to the National Bureau of Economic Research 
  • Historical comparison of major recessions throughout the US
  • How and why the Federal Reserve is lowering the money supply
  • Quantitative tightening and quantitative easing and how they impact lending
  • How the current economic situation is different from the 2008 recession
  • The expected longevity of inflation and increased interest rates 
  • And more!

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About Our Guest: 

Strider Elass is an Economist at First Trust Advisors L.P., a financial services firm based in Wheaton, Illinois. 

At First Trust, Mr. Elass is responsible for analyzing economic indicators, writing economic commentaries, and producing pieces on the First Trust Economics Blog. 

Mr. Elass is part of the First Trust economics team that Bloomberg has consecutively ranked as one of the top forecasters of the U.S. economy over the past several years. This First Trust economics team has also won Market Watch’s “Forecaster of the Month” Award several times over the past few years. 

Mr. Elass was also instrumental in researching the book It’s Not As Bad As You Think, published in 2009 by First Trust Chief Economist Brian Wesbury. 

Beyond his research responsibilities, Mr. Elass speaks regularly at broker and retail events around the country and abroad. 

Mr. Elass received a B.A. in Business and Economics from Wheaton College, in Wheaton, Illinois, and is currently a candidate in the CFA Program.

The Current Economic Regime Shift with Jon MacKay (Ep. 8)

The Current Economic Regime Shift with Jon MacKay (Ep. 8)

When there’s great uncertainty in the markets, gaining insight from experts like today’s guest, Jon MacKay, Head of Platform Distributions at Schroders is beneficial. 

Listen in as he joins Billy and Shaun to provide insight and clarity about what is happening, and what’s to come within the economic field.

Join the discussion as Jon highlights: 

  • The current regime shift in the economy and the potential impact of inflation on bond yields, growth cycles, and credit availability
  • How inflation will be a tougher issue to reign in than it has been in the past
  • His thoughts and predictions concerning the Fed policy 
  • Reasons why he sees a massive demand for commodities, especially industrial metals, and energy
  • And more!

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About Our Guest:

Jonathan Mackay is the Head of Platform Distribution at Schroders, which involves working in partnership with Hartford Funds to represent their strategies to financial advisors and intermediaries in the Northeast region. He joined Schroders in 2016 and is based in New York. Jonathan was a Senior Market Strategist at Morgan Stanley from 2009 to 2016, which involved providing advice to the firm’s sales force and clients on a variety of investing topics, authoring in-depth reports, and traveling frequently throughout the Americas meeting with high-net-worth individuals and middle market institutions. He was a Credit Strategist at Citigroup Smith Barney from 2000 to 2009, which involved providing commentary on the credit markets and coming up with trade ideas for the High Yield, Emerging Markets and Investment Grade corporate bond desks. He was an analyst at Emerging Markets Securities LLC from 1997 to 1999, which involved creating structured trade credit transactions.

 

5 Most Common Money Mistakes (Ep. 3)

5 Most Common Money Mistakes (Ep. 3)

Financial success is not only about making good money, it is also about managing it.

Oftentimes you will find yourself in situations where you will need to make decisions that could either positively or negatively affect your wealth.

Join Billy and Shaun for an all-new episode of Harnessing Your Wealth where they talk about the 5 common mistakes people make when it comes to managing their money. 

Listen and take note as Billy and Shaun discuss: 

  • Tips on how to not let your emotions guide your investment decisions
  • Why bear markets are an opportunity for investors
  • The importance of participating in company-sponsored retirement plans 
  • Why diversification is key to building a strong portfolio
  • And more

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