Hello Metalworking Nation! We are pleased to welcome back by popular demand, Bill Strauss - Senior Economist and Economic Advisor at the Federal Reserve Bank of Chicago. On today's episode Bill shares his professional insight on several different topics relating to manufacturing and the global economy. We'll hear about manufacturing's economic performance in the U.S., the potential economic impact of new trade agreements, the current outlook of the stock market, and the lasting impact of the recent hurricanes. We also talk about the consequences of recession, and how to better position your manufacturing company to prepare for it. In manufacturing news, we discuss 3 ways to lower your manufacturing costs. Episode Outline:[00:01] - IMTS 2018 [03:50] - What’s New at CARR Machine [06:07] - What’s New at ZENGERS [08:12] - Jason’s Exciting News [09:35] - Manufacturing News [15:37] - Welcome Back Bill Strauss [18:45] - Manufacturing’s Economic Performance [20:40] - Contributing Factors [25:16] - Trade Deals [28:24] - The Stock Market [31:04] - Productivity Growth in the U.S. [33:21] - Opportunities in Recession [36:49] - Impact of Natural Disasters [43:16] - Fiscal Responsibility by State Links Mentioned in this Episode: IMTS 2018 Digital Manufacturing and Design Innovation Institute Gantt Chart Seth Godin Manufacturing NewsMC071: Analyzing the Performance of the Manufacturing Sector (P1) MC072: Analyzing the Performance of the Manufacturing Sector (P2) Bill Strauss | LinkedIn National Association of Credit Management: NACM Federal Reserve Bank of Chicago We Want to Hear From YOU, The Metalworking Nation: • Jim@makingchips.com • Jason@makingchips.com • Ryan@makingchips.com Telephone: (312) 725-0245