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Adam, Can you ask a guest if they believe the unemployment metric is a fundamentally flawed and antiquated metric because because it was developed at a time when if someone had a job, then they had all the money they needed to live. Not the case today. For this reason the metric fails to measure what it attempts to measure. There are many jobs available today but without making the distinction between whether these jobs pay enough to support yourself and build a family or not then the metric is useless in what it actually attempts to convey. If you have to try to create too much context to explain the metric by discussing other metrics like underemployment or CPI then it is nearly useless by itself.
@Adam i think you should bring Raghuram Rajan to the show to talk about global financial markets. He was the RBI governor and director at IMF. He’s a smart guy.
What a refreshing person! Listen to her language. No "likes" no "looks" no "well, look" no "are gunnas. " No self-centerd narcissistic showmanship. Honestly, integrity, humility throughout. Wonderful observations as well. Many thanks Anna and Adam..
She only laid out a scenario if the administration changes, but doesn't note the collapse in the relationship with China, (And Russia, Afghanistan, Saudi Arabia, Israel, Yemen, Japan, North Korea, Iran, Brazil, Niger, Turkey, India, etc) was under this administration. The administration staying the same is far more harmful.
The apartment complex tycoon my dad works for (50+ million net worth) got 2 million dollars just for one property of 200 apartments. He didn't know what to do with the money, so the owner's nepo son who was given the property wasted the 2 million dollars replacing windows on the whole property, which was already fully renovated before. He absolutely did not need it, they just built the Braves stadium right down the street, he had plenty of equity he had suddenly gotten out of sheer luck. THESE are the kinds of people who got all the money. I had a job interview with these people 7 years ago, with 2 serious STEM college degrees and a full resume, and they rejected me and literally told me to my face that I should've considered my college education nothing more than a HOBBY only, while they accepted people straight out of high school for those $25,000 a year positions. No kidding, if the government was giving me 2 million dollars on each property, I'd consider a college education the equivalent of occasionally playing pickleball on the weekends too. I swear, we are waaay past the pitchfork stage.
@@sociolocomtsachigh rates for longer. No hikes but definitely keep the rate in the 5% range for another 6-12 months. Till it all comes crumbling down.
I finally figured out the background, it took watching two videos. I thought Adam was in a cave with a large green snake behind him, but it's actually two pieces of slab wood.
Although I have interests in global economics I don't watch the news anymore... I have enough FUD lol. Thanks for this news and offering your insight on how to navigate during unfortunate times/events like this. You're right about keeping level headed when investing so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present has enough to know issues going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 16 btc from day trading with Francine Duguay in few weeks, this is one of the best medium to backup your assets incase it goes bearish.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
Done listening after guest speaker cited PPP as "successful." Your speaker is delusional. Also acts like a politican: Doesn't actually answer the question asked
"PPP loans reduced the amount of bankruptcies." As Thomas Sowell says "at what cost" It doesn't dawn on her that bankruptcies are part of the economic cycle that keeps the economy healthy And that government intervention in that process makes things worse in the long run. Good to have a central planner academic on to remind us how out of touch they are with reality. She should get a job at The Fed with all the other PhD's.
Both. The old name for the science of economics was "political economy". Trying to run economic theory divorced from politics is neither realistic nor useful.
Got a good chuckle out of that one 😂. Still finished the interview though. Bar was set low based on her career background, but she was still a bit more candid than I thought someone from her job division would be.
Her comments show she has literally zero policy value and should never touch or give any opinions towards financial policy. What an ignorant joke of an interview
Thank you Adam. I never cease to be amazed at the quality of the guests on the show and your ability interview them In a manner that’s able to be understood by the average person.
Well done! One of the most important episodes ever. Well done nailing the right questions as well Adam. Minute 24 on is key: currently, "fiscal dominance" is not considered a risk right now but may be this becomes the surprise for markets later this year (?). Great guest!
Not sure what video you watched, but her answers were not "liberal". Sounds like you heard she worked in a Dem administration and your nutter switch flipped. Conservative victim syndrome at it's finest right here
Sorry there’s nothing this lady spoke about that isn’t common sense and she’s speaking in away of some profound intelligence in their observations and findings . This tells you who’s running the White House and government extremely under qualified people .
Agreed. Her replies are textbook and lack nuance. For example her statements about "Trump's tariffs" suggest that tariffs don't exist without Trump, and that the particular tariffs imposed by Trump were indiscriminate. Neither is true. Tariffs have existed in this country for centuries, and Trump was specifically trying to level the global playing field, especially with regards to dumping. If Trump were so pro-tariff, he would not have worked to upgrade NAFTA to the USMCA, which overall keep tariffs low between the US, Canada, and Mexico.
I am trying to wrap my head around all this...one thing I can't find an answer for is this... If the FED is private, and the administration is fiscally contradictory to their own monetary policies, why can't Powell just say no to printing money for treasuries? I get the relationships are incestuous to say the least, but is he not "allowed" to say no, or is he choosing not to?
The Fed has both a public role and a private role, so with respect to the government it's sort of a public/private partnership. As with most regulated monopolies (and think of the Fed as having the money supply monopoly), the government can and does impose rules for that exorbitant privilege. The fact that the Fed is privately run is what makes it different from most central banks. The paradox you sense is that the fiscal policy of the the legislative and executive branches is *completely* at odds with the Fed's monetary policy. No matter how hard the Fed tries, they are pushing on a string with respect to the flood of money supply that Congress generates with their spending mandates.
Bankruptcy courts did not close during COVID. Courts switched to online operations mode. These courts already had in place remote court capabilities and an online digital documents system that supports the functions of the courts.
I do believe the fact she worked for the Fed Sept 2016 - Aug 2021 and was on the Council of Economic Advisers at the White House Aug 2019 - Aug 2020 (during Trump's term; PPP was Apr 2020) says it all.
I might remind people that there was two years of recession just before the great depression. The lag effect during that recession might have been just that. A lag effect. If inflation tics back up during the official recession and enough companies go out of business, we could be entering a depression by 2026. If the FED does hold higher for longer, then Powell may have averted a depression, but the question remains, "How many banks will we loose?" The transport companies are already badly stressed now. The lumber market is in flatline and expected to rise in the near future. It's difficult to tell the truth of the labor market because employers always let workers go on election years. A repeal of the NAFTA law would really help boost the economy, but with so much investment overseas makes the possibility of that happening is remote. When carbon tax enforcement gets fully implemented, the companies building on a shoe string profit margin will go out of business. This group includes the trucking companies which will make business as usual really challenging. Just my two cents worth of observation.
I find it sad that both agreed the party who has the executive branch can unilaterally affect the economy in the two months after the Nov. election. That alone proves the system is broken.
Your initial question was met by political and economic speculation beyond the pale. Not the assessment you question addressed. Seems like a partisan to me
@@jcgoogle1808 I'm addressing the initial questions of what was her assessment of the Global Economy and the Financial Markets - she went off into partisan-speak
Thank you Adam! I always enjoy watching different channels to get different points of view so I can form my own. If a guest doesn't exactly say what reinforces my bias I don't get triggered.
Anna is very accurate on home insurance increases. I am in California. Our carrier Progressive decided to discontinue our policy. We had hard time to get our home covered due to the area code even though there is no wildfire risk around our house. Finally, one agent got an external quote for us, which was 20X higher than our current premium. 20 times higher 😢 We just couldn’t afford it😢
Rates were too low going into the pandemic as Globalization, Demographics/Productivity were relatively favourable & Climate-change & De-carbonization costs were minimal. All those have secularly become unfavourable going into the future, triggered by the pandemic - considering the pandemic was also a byproduct of climate-change, so more frequent pandemics as well. All these contribute secularly to higher inflation going into the future. The question is whether this inflation could end up being moderated by new-technology (AI) raising productivity or might need higher fed rates to do the job & would that cause a recession or stagflation? Or it could be a Goldilocks situation with inflation settling higher but everything else as good or even better? The answer simply is how, where/when the curves representing Opposing Outcomes might intersect into the future. Exogenous Events could greatly alter the “final product” in my opinion. The future sure is going to be “interesting” to say the least. 😊
Yeah, but is it unemployment for Americans or unemployment in general? I realize that may sound xenophobic, but an illegal immigrant who just arrived in this country a handful of months ago and got a minimum wage job cannot impact the US economy that much. And if they do, that's a problem for the US economy.
This is depressing that phd thinks there was pandemic ….. knowing what everyone who wants can find out in about 15 minutes. And it was pretty much known after 9 first months of this event.
Her responses are highly scripted and from a very clear, extreme political bias. For Thoughtful Money's scope, I'd like to see less of these kinds of people. Their unconscious parroting is a nuisance at best. Always love Thoughtful Money and Adam as a host. Just need to steer away from the talking heads and stick with the legitimate money managers/industry experts.
I don't know this person but I wasn't to impressed. A lot of stated obvious that required a model, paper to know. I really felt like she is the one of the overly educated ignorant class I work with every day.
As Ross Perot said, The devil is in the details. pretty much same as her advice. I miss Ross, I worked very hard for his csmpaign and was terribly disappointed when he threw his support to Bill Clinton. Not all billionaires are evil. Ross started out very middle class, unlike Trump. Never met him personally, but he was definitely a self made many and deserved our respect. i compare the wonderful people I met to the sleeze bags in the Maggot movement. That was 30 years ago, but it was 2 generations ago. A lot of us in Perot's movement were just starting our careers and were already worried about our burgeoning federal deficit. Perot certainly was the reason Clinton balanced the budget after the mismanagement of Reagan and Bush. A brief respite in our never ending selfish spending at the expense of our children's futures.
The rate hike scenario under Trump is stupid. She’s nuts. He will slash rates. He understands the impact on the economy, small business and real estate. He understands this better than most.
Trump can't control rates, what she's saying is that tariffs are inflationary because they cause an increase in prices. However that way of thinking is a fallacy because tariffs don't increase prices across the board, only specific goods that are directly involved to the asset that has the increased tariffs. Money printing is inflationary across the board because increasing the money supply allows for the bidding up of prices on the most commonly purchased goods and services whether those goods and services are a staple or discretionary are of little significance when it comes to "free money". Interest rates need to go up so that people will stop spending on things they don't need.
Deficit spending seems to more or less doubling for every administration since Reagan started all this insanity in 1980. But one exception was the Clinton admin.
SUBSCRIBE TO OUR FREE NEWSLETTER at adamtaggart.substack.com (or upgrade to premium to receive our "Adam's Notes" summaries to this interview & all others on this channel, plus the new MacroPass service)
Adam,
Can you ask a guest if they believe the unemployment metric is a fundamentally flawed and antiquated metric because because it was developed at a time when if someone had a job, then they had all the money they needed to live.
Not the case today.
For this reason the metric fails to measure what it attempts to measure.
There are many jobs available today but without making the distinction between whether these jobs pay enough to support yourself and build a family or not then the metric is useless in what it actually attempts to convey.
If you have to try to create too much context to explain the metric by discussing other metrics like underemployment or CPI then it is nearly useless by itself.
@Adam i think you should bring Raghuram Rajan to the show to talk about global financial markets. He was the RBI governor and director at IMF. He’s a smart guy.
What a refreshing person! Listen to her language. No "likes" no "looks" no "well, look" no "are gunnas. " No self-centerd narcissistic showmanship. Honestly, integrity, humility throughout. Wonderful observations as well. Many thanks Anna and Adam..
She only laid out a scenario if the administration changes, but doesn't note the collapse in the relationship with China, (And Russia, Afghanistan, Saudi Arabia, Israel, Yemen, Japan, North Korea, Iran, Brazil, Niger, Turkey, India, etc) was under this administration. The administration staying the same is far more harmful.
Yes they have done some serious irreversible damage
I'm not a genius by any means, but I KNOW that government spending needs to be diminished immensely. I don't care what these quacks have to say.
Private companies cut costs all the time. Time for the gov't to do the same.
Only 2 presidents have actually cut the deficit in the last 60 years.... Both were from the same party.
PPP payouts, I mean loans, vastly made the rich richer. Taxpayers gave them free money. I saw it firsthand...
The apartment complex tycoon my dad works for (50+ million net worth) got 2 million dollars just for one property of 200 apartments. He didn't know what to do with the money, so the owner's nepo son who was given the property wasted the 2 million dollars replacing windows on the whole property, which was already fully renovated before. He absolutely did not need it, they just built the Braves stadium right down the street, he had plenty of equity he had suddenly gotten out of sheer luck. THESE are the kinds of people who got all the money. I had a job interview with these people 7 years ago, with 2 serious STEM college degrees and a full resume, and they rejected me and literally told me to my face that I should've considered my college education nothing more than a HOBBY only, while they accepted people straight out of high school for those $25,000 a year positions. No kidding, if the government was giving me 2 million dollars on each property, I'd consider a college education the equivalent of occasionally playing pickleball on the weekends too. I swear, we are waaay past the pitchfork stage.
She sounds more like a politician than an economist.
Spam @@jcgoogle1808
@@jcgoogle1808" under the influence of fiscal dominance" I don't understand what that means please help😅
Interest rates need to go up irregardless of who becomes president.
Today's CPI data disagrees.
@@sociolocomtsachigh rates for longer. No hikes but definitely keep the rate in the 5% range for another 6-12 months. Till it all comes crumbling down.
Not a word
lol. another blah blah blah
I finally figured out the background, it took watching two videos. I thought Adam was in a cave with a large green snake behind him, but it's actually two pieces of slab wood.
lowering interest rates while printing money and qe to infinity is not going to be reducing inflation.
@@jcgoogle1808 the money supply increased how much in that time and how much did our debt increase at that time?
Bring Anna back ! She is a wealth of knowledge.
Although I have interests in global economics I don't watch the news anymore... I have enough FUD lol. Thanks for this news and offering your insight on how to navigate during unfortunate times/events like this. You're right about keeping level headed when investing so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present has enough to know issues going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 16 btc from day trading with Francine Duguay in few weeks, this is one of the best medium to backup your assets incase it goes bearish.
Francine Duguay program is widely available online.
I appreciate the professionalism and dedication of the team behind Francine’s trade signal service.
Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
It was quite challenging to understand the different trends on my own until i found out about Duguay. Trading made easy.
Done listening after guest speaker cited PPP as "successful." Your speaker is delusional. Also acts like a politican: Doesn't actually answer the question asked
MY RESPONSE TO THE COVID LOCK DOWN IS I NEVER RETURNED TO EATING OUT--PAYBACK!!!
"PPP loans reduced the amount of bankruptcies." As Thomas Sowell says "at what cost" It doesn't dawn on her that bankruptcies are part of the economic cycle that keeps the economy healthy And that government intervention in that process makes things worse in the long run. Good to have a central planner academic on to remind us how out of touch they are with reality. She should get a job at The Fed with all the other PhD's.
She already has - completely out of touch with the real world.
Please put timestamps on your videos
Is this politics or economics
well, a lot of politics did get us in this situation with inflation and the economy
Both. The old name for the science of economics was "political economy". Trying to run economic theory divorced from politics is neither realistic nor useful.
She sounds more like a politically motivated ideologue rather than a impartial macro-economist
The government has a near monopsony on economists.
"fed is independent" - stopped video there, could not take more
Got a good chuckle out of that one 😂. Still finished the interview though. Bar was set low based on her career background, but she was still a bit more candid than I thought someone from her job division would be.
Pretty foolish of her to assume a line in a campaign event is what she should base her white papers on. Silly Ph.d that cant see past her own biases.
Everything she's said leads to stagflation
I have a strange urge to eat broccoli after watching Adam's videos now.
Take a drink every time Trump is mentioned!
My liver won't take it.
Take a drink every time recession is mentioned.
The current Vice-President is relevant to this discussion
Excellent interview. Thank you, Adam
I like these kinds of guests. THIS is the direction your channel needs to go into!
Lost ALL credibility when she insisted that the FED is independent.....puff puff give lady
Anna has been in the zone. Thank you for hosting her.
So your guest was part of the problem and now she is trying to explain her mistake! 😂
Sorry Adam I can’t give you a thumbs up on this one. Still love you but mostly what I heard was Bla Bla Biden good. Bla Bla Trump bad.
They're both bad.
The Fed already abandoned their 2% goal by allowing inflation to run moderately above 2% after periods of low inflation.
And their 2% goal was them openly abandoning their "stable prices" mandate.
Anna is excellent! Have her return!!!!
Thanks Anna and great interview Adam!🌞
Yes , i mean what could go wrong if Biden is reelected.
Anna is great, try and make her a regular.
Pragmatic guest. Great show 👏👏👏
Well, we heard the view from the liberal ivory tower. Let's hear from Rudy Havenstein and Zerohedge now.
Zero hedge would be amazing
Biden is going put tariffs in play now. But she didn't say that. Weird.
Adam, please be briefer in setting up your questions. Please give your guest more of the time.
Just appreciate the quality content you are getting here for free. Beggars aren’t choosers.
Her comments show she has literally zero policy value and should never touch or give any opinions towards financial policy.
What an ignorant joke of an interview
A bit late for me, but this is a great interview of Anna Wong
Thank you Adam. I never cease to be amazed at the quality of the guests on the show and your ability interview them
In a manner that’s able to be understood by the average person.
Well done! One of the most important episodes ever. Well done nailing the right questions as well Adam. Minute 24 on is key: currently, "fiscal dominance" is not considered a risk right now but may be this becomes the surprise for markets later this year (?). Great guest!
Her Bloomberg Bias is showing.
You think? I feel like I'm hearing a dogmatic and propagandistic screed ghost written by the Federal Reserve.
It’s never different this time.
Great guest and thanks for the challenging conversation
She is obviously very partisan and liberal minded, like most modern trained "economists".
agreed....I would have probably used different adjectives
Not sure what video you watched, but her answers were not "liberal". Sounds like you heard she worked in a Dem administration and your nutter switch flipped. Conservative victim syndrome at it's finest right here
She work as WH council during Trump administration you nutty.
I am expecting a recession rather similar to 1973-1975. 7-8 percent unemployment and ballooning deficits.
Sorry there’s nothing this lady spoke about that isn’t common sense and she’s speaking in away of some profound intelligence in their observations and findings . This tells you who’s running the White House and government extremely under qualified people .
Agreed. Her replies are textbook and lack nuance. For example her statements about "Trump's tariffs" suggest that tariffs don't exist without Trump, and that the particular tariffs imposed by Trump were indiscriminate. Neither is true. Tariffs have existed in this country for centuries, and Trump was specifically trying to level the global playing field, especially with regards to dumping. If Trump were so pro-tariff, he would not have worked to upgrade NAFTA to the USMCA, which overall keep tariffs low between the US, Canada, and Mexico.
One month ago Ana's forecast was for SAHM rule to be triggered by end of year. Its Aug and it been triggered
I am trying to wrap my head around all this...one thing I can't find an answer for is this...
If the FED is private, and the administration is fiscally contradictory to their own monetary policies, why can't Powell just say no to printing money for treasuries? I get the relationships are incestuous to say the least, but is he not "allowed" to say no, or is he choosing not to?
The Fed has both a public role and a private role, so with respect to the government it's sort of a public/private partnership. As with most regulated monopolies (and think of the Fed as having the money supply monopoly), the government can and does impose rules for that exorbitant privilege. The fact that the Fed is privately run is what makes it different from most central banks.
The paradox you sense is that the fiscal policy of the the legislative and executive branches is *completely* at odds with the Fed's monetary policy. No matter how hard the Fed tries, they are pushing on a string with respect to the flood of money supply that Congress generates with their spending mandates.
The Fed can buy and sell Treasuries (and MBS), but doesn't issue them, the Treasury does
Could not watch, she couldn't keep her political biases to herself.
Does anyone mention the participation rate? The U3 is as accurate as the CPLie.
Awesome
She forgot about cheap oil, under Trump.
Very good thanks
Meanwhile, Poland is saying its country should be prepared for full scale war. What she says is insignificant.
Bankruptcy courts did not close during COVID. Courts switched to online operations mode. These courts already had in place remote court capabilities and an online digital documents system that supports the functions of the courts.
If I can’t say something nice I should just say nothing, right?
Worst guest I've seen, will not watch her again.
Thanks Adam
I do believe the fact she worked for the Fed Sept 2016 - Aug 2021 and was on the Council of Economic Advisers at the White House Aug 2019 - Aug 2020 (during Trump's term; PPP was Apr 2020) says it all.
I might remind people that there was two years of recession just before the great depression. The lag effect during that recession might have been just that. A lag effect. If inflation tics back up during the official recession and enough companies go out of business, we could be entering a depression by 2026. If the FED does hold higher for longer, then Powell may have averted a depression, but the question remains, "How many banks will we loose?" The transport companies are already badly stressed now. The lumber market is in flatline and expected to rise in the near future. It's difficult to tell the truth of the labor market because employers always let workers go on election years. A repeal of the NAFTA law would really help boost the economy, but with so much investment overseas makes the possibility of that happening is remote. When carbon tax enforcement gets fully implemented, the companies building on a shoe string profit margin will go out of business. This group includes the trucking companies which will make business as usual really challenging. Just my two cents worth of observation.
I find it sad that both agreed the party who has the executive branch can unilaterally affect the economy in the two months after the Nov. election. That alone proves the system is broken.
Thank you very much...
Your initial question was met by political and economic speculation beyond the pale. Not the assessment you question addressed. Seems like a partisan to me
@@jcgoogle1808 I'm addressing the initial questions of what was her assessment of the Global Economy and the Financial Markets - she went off into partisan-speak
Wonderful guest!!! I hope she returns on your show.
Thanks, great guest!! Interesting
Thank you Adam! I always enjoy watching different channels to get different points of view so I can form my own. If a guest doesn't exactly say what reinforces my bias I don't get triggered.
Yes, please have Anna back. She has a different perspective than most of your other guests, and seems well prepared.
Anna is very accurate on home insurance increases. I am in California. Our carrier Progressive decided to discontinue our policy. We had hard time to get our home covered due to the area code even though there is no wildfire risk around our house. Finally, one agent got an external quote for us, which was 20X higher than our current premium. 20 times higher 😢 We just couldn’t afford it😢
Rate hike? Are you crazy???
I like this background better than previous one.
Will "feel" like a recession???
Bottom 50% will be screwed, while the economy isn't negative and the rich people are doing fine
Nvidia has a flock of potential black swans in its parking lot Taiwan and Israel supply chain interruptions aren't even in the top 1%.
Rates were too low going into the pandemic as Globalization, Demographics/Productivity were relatively favourable & Climate-change & De-carbonization costs were minimal. All those have secularly become unfavourable going into the future, triggered by the pandemic - considering the pandemic was also a byproduct of climate-change, so more frequent pandemics as well. All these contribute secularly to higher inflation going into the future. The question is whether this inflation could end up being moderated by new-technology (AI) raising productivity or might need higher fed rates to do the job & would that cause a recession or stagflation? Or it could be a Goldilocks situation with inflation settling higher but everything else as good or even better? The answer simply is how, where/when the curves representing Opposing Outcomes might intersect into the future. Exogenous Events could greatly alter the “final product” in my opinion. The future sure is going to be “interesting” to say the least. 😊
My favorite PPP recipient hypocrites are Congress Republicans who took forgiven PPP loans and then complain about it.
Yeah, but is it unemployment for Americans or unemployment in general?
I realize that may sound xenophobic, but an illegal immigrant who just arrived in this country a handful of months ago and got a minimum wage job cannot impact the US economy that much.
And if they do, that's a problem for the US economy.
This is depressing that phd thinks there was pandemic ….. knowing what everyone who wants can find out in about 15 minutes. And it was pretty much known after 9 first months of this event.
Love this show. Thank you
Love your content!
Her responses are highly scripted and from a very clear, extreme political bias. For Thoughtful Money's scope, I'd like to see less of these kinds of people. Their unconscious parroting is a nuisance at best.
Always love Thoughtful Money and Adam as a host. Just need to steer away from the talking heads and stick with the legitimate money managers/industry experts.
I agree with the premise that our economy will die but i cant handle listening to govt people defend ridiculous policies and call them successful.
Today's highervPPI shows trend in producer inflation, likely will squeeze corp profits leading to layoffs and higher unemployment
Hmmmm so at the end is she saying that the growing wealth gap is the cause of low interest rates and not the result of the low rates? Idk about that
@@terrygamer-dg6vi agreed. Wealthy are definitely not limited to treasuries.
Hey Adam, what’s the story behind your new background. I may have missed it.
Adam - why are you broadcasting from a salt mine?
Anna was fantastic! So well spoken and intelligent. I would love to see her on here again.
Adam are you have trouble finding good guests?
I don't know this person but I wasn't to impressed. A lot of stated obvious that required a model, paper to know. I really felt like she is the one of the overly educated ignorant class I work with every day.
No!
As Ross Perot said, The devil is in the details. pretty much same as her advice. I miss Ross, I worked very hard for his csmpaign and was terribly disappointed when he threw his support to Bill Clinton. Not all billionaires are evil. Ross started out very middle class, unlike Trump. Never met him personally, but he was definitely a self made many and deserved our respect. i compare the wonderful people I met to the sleeze bags in the Maggot movement. That was 30 years ago, but it was 2 generations ago. A lot of us in Perot's movement were just starting our careers and were already worried about our burgeoning federal deficit. Perot certainly was the reason Clinton balanced the budget after the mismanagement of Reagan and Bush. A brief respite in our never ending selfish spending at the expense of our children's futures.
Btw Adam hope our Lance is fine, saw all the floods and stuff going on in Houston.
more tariffs gonna be USA downfall...imo
The rate hike scenario under Trump is stupid. She’s nuts. He will slash rates. He understands the impact on the economy, small business and real estate. He understands this better than most.
Trump can't control rates, what she's saying is that tariffs are inflationary because they cause an increase in prices. However that way of thinking is a fallacy because tariffs don't increase prices across the board, only specific goods that are directly involved to the asset that has the increased tariffs.
Money printing is inflationary across the board because increasing the money supply allows for the bidding up of prices on the most commonly purchased goods and services whether those goods and services are a staple or discretionary are of little significance when it comes to "free money".
Interest rates need to go up so that people will stop spending on things they don't need.
Canada is already up 6.4% unemployment.
Basic statistics 101 says if a measure is not reliable (consistent over time or repeated measurement), then that measure is not valid, i.e. useless.
Wood & Broccoli... I love it!
Deficit spending seems to more or less doubling for every administration since Reagan started all this insanity in 1980. But one exception was the Clinton admin.
What is 4.5% when europe has 10% on average
Yes, stay true to the U of Chicago roots. Milton Friedman "There's no such thing as a free lunch".
Her answer to the fiscal dominance question seemed sketch.