S8 Ep762: Gene Marks analyzes the resilient American economy, noting strong manufacturing expansion and banking stability despite global turmoil, while highlighting sustained consumer spending and the positive impact of 2025 tax refunds on small businesses. (13)
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 18 April 2026
⏱️ 11 minutes
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| 0:29.9 | Today. I'm John Batchel. The Business of America is Small Business, and I watch America's economy thanks to Gene Marks, small business columnist for the Guardian newspaper, |
| 0:55.5 | UK and US edition, as well as our hometown newspaper, the Philadelphia Inquirer. |
| 1:00.2 | And right now, small business is waiting and watching, as is big business, for the turmoil, |
| 1:07.0 | global turmoil in the oil markets, which depend upon a supply chain that is not under gun or missile threat. |
| 1:14.8 | However, at the same time, we can measure the American economy as it is frozen in time between the |
| 1:22.0 | beginning of the Iran War and now. Gene, my summary is never adequate, but I tell you, I don't see alarm bells anywhere. |
| 1:31.4 | Yes, there's violence overseas, but here at home, the consumer is not frightened. The numbers |
| 1:38.8 | on Wall Street show a caution because of the price of oil, and we could all worry about $4.19, $4.29 a gallon. |
| 1:47.8 | But I do not see alarm. I see people being very careful about choices they're made. |
| 1:55.0 | I also see that in the manufacturing numbers you're showing me. Good evening to you, Gene. |
| 2:00.5 | Hi, John. Yeah, I, you know, I was, |
| 2:03.0 | I was in San Antonio, Texas earlier this week speaking to the National Portable Storage Association. |
| 2:11.1 | These are the people that make containers, big business, you know, that ship stuff all around |
| 2:15.6 | the world. There's lots of companies that are in that industry. And, you know, I shared, you know, I, you know, that ship stuff all around the world. There's lots of companies that are in that |
| 2:17.5 | industry. And, you know, I shared, you know, I, you know, they wanted me to talk about the economy. And I like to talk about, you know, how I, you know, the data that I look at, you know, when I look at the economy, because there's, there's a lot to consider. And I'm in agreement with you, John, you know, I talk to these guys. |
| 2:35.5 | I'm like, you know, I can't. |
| 2:37.3 | Listen, there could be a. lot to consider. And I'm in agreement with you, John, you know, I, I talk to these guys. I'm like, |
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