How's it Looking? The U.S. Economic Outlook for 2018

2018 Stack of Coins.jpeg

We recently had the privilege to interview Luke Tilley, Chief Economist of  Wilmington Trust for a new episode of our radio show and podcast In Process: Conversations about Business in the 21st Century. Tilley develops forecasts of the U.S. and international economies, as well as researches, emerging issues to support and enhance the firm's investment strategies.

We had a lot of questions for him such as what are companies investing in? Are things getting better? Or are we due for another recession? According to Tilley, “Things are getting better. It’s the third longest economic recovery in U.S. history.”

Business Capital Expenditures

A key discussion point was regarding business capital expenditures. According to Tilley, "We are expecting stronger capital expenditures in 2018...for the first time during this recovery, companies are really turning to investing in that new piece of equipment or that new software package or that more efficient office space." He noted that business confidence last year really picked up and it is expected to continue. 

2018 Capital Markets Forecast

For our business and investor audience, Tilley shared details on Wilmington Trust’s new publication, the 2018 Capital Markets Forecast. It’s centered around three key themes that will be understandable for all investors. Theme one covers the U.S. economy , theme two covers inflation and growth, and lastly theme three covers valuations, yields and volatility.

According to the report, organic growth is expected to be 2.25% in 2018; fold in the partial impact of the tax reform and Wilmington Trust believes that it would add another 0.5% -0.75% of growth for the year from consumer spending and capital expenditures. 

Click below for your copy of the new "2018 Capital Markets Report" by Wilmington Trust.

Listen to the podcast for the full discussion and to learn about:

  •  A quick recap of 2017 and what turned out to be the shock of the year
  • The NEW 2018 Capital Markets Report (FREE Download, compliments of Wilmington Trust)
  • An economist's perspective on Bitcoin
  • Thoughts on consumer debt for 2018

Stream the conversation in its entirety in the player below, or download it to your mobile device via iTunes. Don’t miss a single episode, subscribe to our podcast show ‘In Process Podcast’ on iTunes to receive this episode as well as future episodes to your smartphone.

Relevant article 12.17.2017: Chief Economist Luke Tilley comments on the markets and tax reform, in a recent Bloomberg article. Click here to read

Telling vs. Selling: The Art of Self-Promotion

(This podcast originally aired in June, 2016)

(This podcast originally aired in June, 2016)

In any new business conversation, you have about 20 seconds to establish credibility and create enough curiosity before someone else’s mind starts to wonder. For many of us, self-promotion isn’t natural, because it’s not as simple as just talking about yourself. It’s about knowing your audience, having conversation goals and adding your accomplishments. Hence it’s a very dynamic process. One that with practice and preparation, can allow us all to succeed at the art of self-promotion. 

This week on In Process: Conversations about Business in the 21st Century, (Trusted Counsel’s bi-weekly podcast show) hosts Evelyn Ashley and John Monahon of Trusted Counsel revisit a previously aired podcast from June 2016. They were joined by Debbie Stone, an executive coach and keynote speaker. She is the author of the book The Art of Self-Promotion and the founder of Novateur Partners, an executive coaching company serving lawyers, entrepreneurs, corporate leaders and the organizations in which they work. 

According to Stone “At the end of the day, self-promotion and really any networking business development, is all about building relationships. When we tell stories in any part of our lives, we are building relationships. The whole idea of The Art of Self-Promotion is that it is an art. It’s the art of telling your story.” 

During the course of the podcast you will learn about:

  • The distinction between self-promotion and selling yourself
  • The keys to self-promotion
  • The definition of "the jargon trap"
  • Habits to start implementing NOW to help you become more of a self-promoter
  • The differences between men and women in self-promotion

While these tips are a good starting point for self-promotion, Stone touches on many more items in the full podcast: telling vs. selling, cultural obstacles, using technical jargon, and more. 
Stream the conversation in its entirety in the player below, or download it to your mobile device via iTunes. Don’t miss a single episode, subscribe to our podcast show ‘In Process Podcast’ on iTunes to receive this episode as well as future episodes to your smartphone. 

AI in Business: New Decision-Makers on the Rise

(This podcast originally aired in July, 2016. Earlier this year, Dan O'Hara joined Accenture as an AI Growth and Strategy Lead)

(This podcast originally aired in July, 2016. Earlier this year, Dan O'Hara joined Accenture as an AI Growth and Strategy Lead)

According to a recent study published by Oxford University, 47 percent of American jobs could be lost to automation in the next 20 years. Artificial intelligence (AI) is here and when it comes to innovating and disrupting the workforce, robots have become an increasing part of the conversation. But it’s rare to hear experts sound off on AI moving into white-collar professions.

This week on In Process: Conversations about Business in the 21st Century, hosts Evelyn Ashley and John Monahon of Trusted Counsel revisit a previously aired podcast from July, 2016. They were joined by Dan O’Hara, (the former) Senior VP of Digital Workplace at Avanade to have a conversation about AI. O’Hara has been in the software and technology industry for more than 25 years. Dan is a thought leader on the use of AI in business—including the concept of a robo-boss—and has presented on the topic in various venues as well as experienced the phenomenon for himself during a driving stint with Uber.  

According to Dan, “We don’t have robots that can take over right now. They can’t take over the grid and have terminators and things like that. We do have to put rules in place on how we’re going to use them, what decisions that they can make, what decisions do we want a human to make? That boundary will continually change…”

During the course of the podcast you will learn:

  • The digital workplace and its solutions
  • Artificial intelligence capabilities
  • How data and analytics lead to AI
  • Thoughts about AI for smaller organizations

Don’t miss a single episode, subscribe to our podcast show ‘In Process Podcast’ on iTunes to receive this episode as well as future episodes to your smartphone.

*Note that our guest misspoke in the podcast and the traffic death statistics were per year, not per day. For the statistic, click here.