For close to 30 years Jim O’Donnell would present a January program looking back and looking ahead in reference to economics and investing. O’Donnell spoke knowledgeably, yet humorously, about his serious subjects usually to a packed room.
Thursday, January 26 O’Donnell will carry on that speaking tradition at a new venue. The event will be held at the Historic Forks of the Wabash at 8 a.m. The Forks is located at 3011 W. Park Drive.
When O’Donnell spoke in January of 2022, he was concerned about inflation, anti-growth policies, a war on energy production not associated with wind and solar and a more general undermining of traditional values and liberties. The undermining he spoke of works against education, work ethic, the profit motive and merit. Each of which has for generations been at the heart of America’s economic success as a nation and world leader.
As the calendar is turned on a new year, 2023 does not, according to O’Donnell, look a whole lot different from the way 2022 looked when it began. As O’Donnell sees it, inflation may have peaked, but it’s not going to go away without more pain. Maybe a lot more. The stagflation we experienced in 2022 will very likely give way to a full blown recession in 2023, as the labor component of inflation is fought by the Fed with higher rates for longer.
O’Donnell says the Fed is doing the heavy lifting here. He believes it never has raised rates so quickly while, at the same time, shrinking its balance sheet. He feels the policy makers of our federal government continue to be as anti-growth and anti-business as ever. They see environmental, social, racial and sexual issues as the battles they wish to fight, not the condition of the American economy. By the end of January, the unfolding economic and investment mess we are facing will likely be clearer. O’Donnell will tell it as he sees it. Come and hear him. It promises to be an interesting morning.
If you are interested in attending RSVP to Jeremy Rufener at firstname.lastname@example.org or by calling (260) 375-4483.
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