Our first PACDA event of 2025 is hosted by a new Partner organization, Beacon...
Annual Economic Outlook with Paul Sloate
The Return of the Bond Market Vigilantes:
Shootout at the Capitol Corral
Thursday, February 6, 2025
5:00 pm - 7:30 pm
In person (630 Freedom Business Center - King of Prussia, PA)
OR Virtual (Zoom)
The U.S. Federal Reserve declared Victory on its Mission to slay the beast of Inflation. After tightening in 2022 and 2023 more than in any tightening since the 1973 time frame, the Fed began to lower interest rates in September. Numerous data points indicate there occurred a slowdown in the economy in 2023 and 2024 offset by massive fiscal stimulus by the Federal Government. This spending orgy produced the largest fiscal deficits seen since World War II, with Debt to GDP soaring to well over 120%. With Congress showing little enthusiasm for reining in its free spending ways, the Vigilance Committee formed once more in the financial markets. And they have appointed the Bond Market Vigilantes to bring law and order once more to Washington, D.C. Balancing the coming Fiscal Showdown, the election of Donald Trump appears to have unleashed animal spirits in the economy with business confidence soaring and early data indicating a reacceleration stands underway.
Looming over everything, the New Cold War with China continues to escalate, fundamentally undermining the global trading system built over the past 25 years. Geopolitics now invades every economic decision. And this rise of Geopolitics will have long term consequences for the Global Economy. With nations rushing to build their own capacity, economic growth today built on investment will likely become tomorrow’s glut across numerous industries. For countries and companies, hard choices will lie ahead as each country moves to advantage its economy and sphere of influence at the expense of the other in a rivalry that will define the next few decades. Already the rivalry between the US and China forced many companies to choose between them. And while some companies and countries believe they can serve two masters, history would dictate this stands an illusion. These conflicting economic and geopolitical forces will impact the US and Global Economy significantly in 2025 and beyond providing a whirlwind of impacts on interest rates, inflation, economic growth, business, and politics.
Speaker
Paul Sloate is an experienced Entrepreneur, Investor, and Advisor with a deep understanding of Strategy and Finance. Paul has advised management teams from small start-ups to Fortune 500 companies, enabling companies to achieve growth targets and to understand the resources necessary to support their strategic growth objectives.
With real world experience from investments in numerous private and public companies over the past 35 years, Paul possesses a unique perspective on the reality of strategy, markets, technology, positioning, and competition. This enables companies to focus on their competitive advantages in order to drive growth and financial results.
Paul’s experience provides him a deep understanding of US and Global Economics and the Financial Markets. As a result, Mr. Sloate lectures frequently for CEO Groups, Industry Associations, and prominent Organizations that prize his perspective. Mr. Sloate’s ability to parse the constantly changing external environment and capital markets into their basic parts enables him to reassemble the parts into actionable intelligence for both business and government. This flows naturally into decision making processes on strategy, resource allocation, growth targets, and financing. Mr. Sloate presently sits on both an Advisory Board and Board of Directors and provides his input to numerous private companies.
Mr. Sloate currently serves as CEO of Green Drake Advisors, a Founding Partner of Asymmetric Business Ventures, an organization serving early stage growth companies and their needs, and Chief Executive Officer and Founding Partner of Green Drake Family Office & Wealth Management, an organization focused on successful entrepreneurs and their families. Prior to 2004, Mr. Sloate held senior level positions with firms such as Wellington Management and BlackRock Financial Management as well as serving as a co-founder of a successful financial services start-up. Paul attended Cornell University where he earned an AB, Cum Laude, Phi Beta Kappa in History and Economics. He also earned an MBA with Distinction from The Wharton School of the University of Pennsylvania. Paul has served as a judge for the annual Wharton Business School start-up competition, advised many early and mid stage companies, and helped companies to find appropriate financing to underpin their growth. In his free time, Mr. Sloate is involved in an effort to open technical vocational education schools, focused on manufacturing, in Philadelphia and the surrounding areas.
Register Here
In-person (includes hors d'oeuvres, soft drinks, beer, and wine)
PACDA Members: $30
Non-Members: $45
Virtual
PACDA Members: $10
Non-Members: $25
PACDA Members: Select the in-person or virtual option, then click on "save and proceed to checkout". On the next page, enter the Promo Code, found on the PACDA Member Resources page.
NCDA CEUs PENDING: This program is eligible for 2.5 NCDA CEUs.
- CEUs are free for PACDA members and non-members
- If you attend the program live, simply complete the post-program survey and receive your CEU certificate.
- If you register for the program but do not attend live, you will receive an email with a link to the recording. Watch the recording and then complete the post-program survey to receive your CEU certificate.
- NCDA is the National Career Development Association (www.ncda.org/). See https://ncda.org/aws/NCDA/pt/sp/credentialing for information on NCDA credentials and Continuing Education requirements.
Act 48 credit:
PACDA and PSCA members: After the event, complete the post-event survey, then email ceu@thepacda.org to obtain your certificate of attendance, which you can then submit via the PSCA website.
Not a PACDA or PSCA member?: You may be able to obtain Act 48 credit. After the event, complete the post-event survey, then email ceu@thepacda.org to obtain your certificate of attendance. Submit this to the Pennsylvania Department of Education via your local education agency, which will have the final say on whether this program qualifies for Act 48 credit. Or, you may submit via the Pennsylvania School Counselor Association for $10.
