Christian Chan knows something that most Americans don’t.
And it’s this underreported piece of information that has him optimistic about our country’s economic future, even as he warns of a possible recession in the first half of 2024.
Christian is the Chief Investment Officer for AssetMark, a turnkey asset management platform, and will be speaking at the Hunt, Cheetah’s annual user conference, Nov. 14-17, in Greenville, South Carolina. His presentation, “Growth, Stimulus, and Uncertainty,” is at 11 a.m. on Wednesday, Nov. 15.
“It won’t be super complicated, and it won’t be jargony,” he explained. “It will be a fun, fast-moving conversation that I think people will enjoy.”
Christian will highlight growth, rates, and inflation, with information on home prices, employment, and other cases to help build his argument.
And that argument – essentially – is a mixed bag.
According to Christian, we could see a depression next year, but it won’t be anything near the suffering our country experienced in 2008 or 2020.
“I think the main message is that we will have some short-term, cyclical headwinds,” he said. “But we have a lot of long-term tailwinds that I think are pretty exciting.
The reason for optimism
At least one of those tailwinds, Christian said, has garnered much less attention than it deserves, largely flying under the radar why Americans focus on more short-term concerns. That tailwind is that new factory construction is “through the roof,” a fact he attributed to fiscal stimulus, the Inflation Reduction Act, and the CHIPS Act.
“You could surely argue about timing and how much it costs in terms of additional government spending,” he said. “But we haven’t seen a big build like this in 50 years, at least. This is a complete retooling of U.S. manufacturing capabilities.”
The other primary tailwind pushing us in the right direction is artificial intelligence, according to Christian.
“AI is predicted to boost productivity by a percent-and-a-half every year for the next decade,” Christian said. “In a developed country like the U.S. where we are getting older, a boost in productivity is like manna from the heavens.”
See Christian at the Hunt
Christian will dive deeper into the details at the Hunt, while also allowing audience members to ask questions, add commentary, and debate.
At The Hunt, you’ll be joined by more than 150 trust and wealth management professionals like you who are seeking ways to grow, increase efficiencies, and serve their clients better.
You’ll get a firsthand look at Cheetah’s product roadmap and how it will advance trust and wealth in the digital age. You’ll learn from Cheetah team members and industry thought leaders, such as Christian, in three tracks: executive, operations, and investments.
The Hunt will take place at the beautiful Hyatt Regency in Greenville.