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Arete Coach: The Art & Science of Executive Coaching

Arete Coach Podcast 1069 Severin Sorensen "Economic Outlook Q2 2022"

Arete Coach: The Art & Science of Executive Coaching

Arete Coach Podcast

Education, Entrepreneurship, How To, Management, Business

5.01.2K Ratings

🗓️ 11 April 2022

⏱️ 111 minutes

🧾️ Download transcript

Summary

This is episode 1069 of the Arete Coach Podcast with host Severin Sorensen with a special episode on the Economy: Economic Outlook and Trends Q2 2022."

In this episode we explore the major economy trends and issues impacting the US and global political economy. Discussed are topics of inflation, Federal Reserve Bank policy, economic impacts of War, and inflation impacts on wages, prices, and supply within the economy. Sorensen identified green shoots of opportunity and economic headwinds, and he explores the recessions of times past to determine clues for our future situation. The podcast is helpful for business owners, CEOs, key executives, executive coaches and executive peer groups.

Severin Sorensen is an economist, executive coach, and serial entrepreneur with a keen curiosity for business and economic trends. Severin is CEO of ePraxis LLC, a premier-level executive headhunting, talent selection, and executive coaching company. Severin is a highly sought Vistage Speaker with over 250+ presentations worldwide on hiring top talent, innovation, and economic trends. Severin was a Vistage Chair (2010-2018) of three Vistage Groups in Salt Lake City, UT, and during this period he was a repeat Mentor Chair and awarded the 2011 Vistage Rookie Chair of the Year Award. Prior to Chairing, Severin was a Vistage/TEC member in Washington DC (1999-2004) while he owned and operated a company he founded called Sparta Consulting Corporation (1994-2005), a management consulting, security systems integration, and remote video monitoring company; Severin sold this company in 2005 and it continues today as part of Interface Security Systems, the 7th largest security systems integrator in the US (2018). Severin was a former “Special Assistant to the President” at the White House where he had the high honor to work for President George H.W. Bush (POTUS 41) (1992-93). Severin earned a graduate degree (M.Phil.) in economics from King’s College, Cambridge, University, England, and two undergraduate degrees in economics and political science from the University of Utah. While an undergraduate, Severin was the Editor in Chief of the Utah Forum: A journal on international political economy. Severin is the author of Economic Misery and Crime Waves (2009), a book that chronicles the Great Depression (1929-42) and the situation leading up to the Great Recession (2007-2009). Today, Severin prepares a quarterly economic overview for business coaches and business owner/operators on the economy identifying key behavioral economic trends that impact businesses and their opportunity frontiers.




More on the topic is available at AreteCoach.io.

The Arete Coach Podcast seeks to explore the art and science of executive coaching. You can find out more about this podcast at aretecoach.io.

This episode was produced on April 10, 2022.

Copyright © 2022 by Arete Coach™ LLC. All rights reserved.

Transcript

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0:00.0

This is the RT Coach podcast with Severin Swanson coming to you this week with a special edition on the economy.

0:08.0

This episode is recorded on April 10, 2022 via Zoom.

0:14.0

You're listening to Severin Swanson and the RT Coach podcast where we explore excellence in the art and science of executive coaching.

0:23.0

Each year executives look at the economy in a way that they can understand how to grow, how to trim, how to size their business.

0:33.0

And they're looking at the data, there are a variety of sources to look at.

0:37.0

On an annual basis for the peer groups that I have coached and also on a quarterly I have done quarterly economic updates to try to help us understand where the economy is going today.

0:49.0

And this quarter is no different.

0:52.0

Now what is different about this time is the time that we're in and so I recently updated a deck.

0:59.0

I returned from New York City over the weekend where I spent time with peer groups and CEO groups talking about the economy, about what we're seeing today and what we're like to experience in the future.

1:14.0

And as is my practice I updated a deck.

1:19.0

So I'd like to share some of those learnings from you so the more important points as well as to talk about the economy because I do believe that there is elevated geopolitical risk that we have now, flowering inflation.

1:32.0

And we've got a lot of commotion but that commotion can also create growth opportunity.

1:38.0

So let's go ahead and get started with the presentation on economic outlook and trends, international political economy, perspective on geopolitical risk, flowering inflation, growth opportunity amid commotion.

1:53.0

This particular presentation is updated with data through the 4th of April 2022 and reflects a 2012-2020 update from E-Praxis.

2:05.0

I start this presentation off with a disclaimer and that is the economic content in the presentation is provided for educational purposes only.

2:14.0

The opinions expressed are those of the author only, mainly mine. Individuals and organizations are strongly encouraged to consult with your own business, financial, and tax advisors before implementing any actions for your own personal and business purposes.

2:31.0

Years ago I had the opportunity of studying graduate economics at Keynes College Cambridge.

2:37.0

Keynes is known as being a location for a number of economists but one of our most famous ones was John Maynard Keynes.

2:45.0

Well I was a graduate student there, had an opportunity to actually have some of his books from his library in my room and I thought at both pointy-ent and fun to actually be there where so much of history has been made.

2:59.0

Now while I was learning economics I learned a special variant of economics and also a concept that was important for us today.

3:09.0

So much of the economy as it is forecast is looking at backwardly looking data and therefore it appears that economists are always catching up.

3:19.0

One of the things that we tried to focus on there in Cambridge was the focus of how could we look at green shoots of growth and browning leaves of decay to help us get a forward direction on where the economy was headed.

...

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