The webinar—on Wednesday, April 15th, from 2:00 to 3:00 p.m., Eastern Standard Time—will feature Beaulieu, President of ITR Economics and the chief economist for numerous U.S. and international trade associations. In the webinar, Beaulieu will examine the latest retail sales data, stock market indications and leading-indicator dashboard, go through changes in macroeconomic forecasts, and assess the extent of the scope of damage on free cash flow. The webinar will also help to provide a better perspective on the crisis in human terms, and outline that while the situation is serious, how it can be managed effectively and why the downturn is not going to last as long as some may think.
WTWH Media (parent company of Club + Resort Business) will be presenting a free webinar, “Managing Uncertainty: How to Handle Black Swans in the Economy,” on Wednesday, April 15th, from 2:00 to 3:00 p.m. Eastern Standard Time.
During the webinar, Alan Beaulieu, President of ITR Economics (https://www.financialsense.com/contributors/alan-beaulieu), will examine the latest weekly retail sales data, stock market indications, and the leading-indicator dashboard, and go through changes in macroeconomic forecasts, and assess the extent of the scope of damage with free cash flow taking a dramatic hit between COVID-19 and the governmental response.
Alan Beaulieu is one of the country’s most sought-after economic analysts and the chief economist for numerous U.S. and international trade associations. He has provided workshops and economic-analysis seminars to thousands of business owners and executives for the last 30 years, along with the governments of many individual countries. His business insight, track record of accurate forecasting and unparalleled knowledge of global markets has been featured in the Wall Street Journal, New York Times, USA Today, Knight Ridder News Services, Business Week, Associated Press, The Washington Times, CBS Radio, CNN Radio, Sirius talk radio, and numerous other outlets.
Attendees of “Managing Uncertainty: How to Handle Black Swans in the Economy” will learn:
- To walk away with a better understanding of the potential depth of the “V” that will help everyone formulate and execute realistic plans.
- How to get a better perspective on the scope of the COVID-19 crisis in human terms, which should help deflect some of the emotion away from decision-making.
- How to monitor the leading indicators and how doing so will add confidence when planning out 2021.
- A sense of perspective for what everyone is going through.
- While the situation is serious, how it can be managed effectively.
- Why the downturn is not going to last as long as some people seem to think.
To register for the webinar, go to:
(The black swan theory, or theory of black swan events, is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight. The term is based on an ancient saying that presumed black swans did not exist—a saying that became reinterpreted to teach a different lesson after black swans were discovered in the wild.
The theory was developed by Nassim Nicholas Taleb to refer to unexpected events of large magnitude and consequence and their dominant role in history, and to explain:
- The disproportionate role of high-profile, hard-to-predict, and rare events that are beyond the realm of normal expectations in history, science, finance, and technology
- The non-computability of the probability of the consequential rare events using scientific methods (owing to the very nature of small probabilities)
- The psychological biases that blind people, both individually and collectively, to uncertainty and to a rare event’s massive role in historical affairs)
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