Podcast Episodes
Back to SearchThe Sin of Wages: A Last, Bad Excuse for Monetary Tightening
Episode 226
Over the centuries, an abiding tension among many major religions has been the pendulum of severity. One era will be marked by a relaxed view, where …
3 years, 4 months ago
The Investment Implications of Consumer Gloom
Episode 225
When I first arrived in this country, 40 years ago this summer, my strongest impression was that America was a land of optimists. European economists…
3 years, 4 months ago
Waiting for a Negative
Episode 224
I have a sad tale to relate. After dodging Covid for the last three years, my wife Sari and I were at a wedding two weeks ago and the virus decided …
3 years, 4 months ago
The Recession Questions: Yes, No, When and How Bad?
Episode 223
One of the advantages of being back in the office, when I am actually in the office, is I get to hear a variety of opinions. These opinions are shar…
3 years, 4 months ago
Cooler Inflation and Slower Growth should Convert a Fed Skip into a Fed Pause
Episode 222
Markets in the week ahead will be focused on Wednesday’s FOMC meeting. We expect the Fed to leave the federal funds rate unchanged although both the …
3 years, 5 months ago
The Steady Normalization of the U.S. Labor Market
Episode 221
In 1787, on the last day of the Constitutional Convention, a lady asked Benjamin Franklin what form of government had been agreed to. He famously re…
3 years, 5 months ago
Sizing up the angles on Fed policy
Episode 220
I am shockingly, comically bad at golf. However, that doesn’t stop me from occasionally watching more gifted souls play the game.
One of their tech…
3 years, 5 months ago
Slow-Motion Slowdown
Episode 219
Across the economy, the outlook is for slower growth. Slower growth in demand, in employment, in profits and in inflation. Recession is by no means…
3 years, 5 months ago
Debt-Ceiling Cliff Dancing
Episode 218
On Ireland’s Atlantic seaboard, ten miles west of the town of Lisdoonvarna, stand the majestic Cliffs of Moher. They are a popular tourist attractio…
3 years, 6 months ago
When Money Stops Talking
Episode 217
The quantity of money was a big issue in the background of my childhood. There were no money machines or credit cards (at least in our house). So eve…
3 years, 6 months ago