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The James Altucher Show

849 - Is the Fed playing footsies with The Inflation? and What is TALENT? with Tyler Cowen

The James Altucher Show

James Altucher

Education, Business

4.62.7K Ratings

🗓️ 17 May 2022

⏱️ 53 minutes

🧾️ Download transcript

Summary

It's been almost 6 months now, what is The Fed doing?  How should we tackle the inflation issue? Is there a recession coming?I had a theory about what is The Fed doing, and Tyler agrees with me!Tyler Cowen, an American economist, columnist, blogger, and author, was supposed to come on to talk about his new book, but before that, we had to talk about the pressing issues on hand. The Fed, the inflation, and possibly the recession! Of course, Tyler is cautiously optimistic about all of it!Then we went on and talk about his new book, Talent: How to Identify Energizers, Creatives, and Winners Around the World! What is talent, and how do we identify one? Talent is no longer just better at something than anyone else. Nowadays, talent is more than that! Talent is as Tyler put it, able to identify the social structure that you're in, and figure out how to fit in!Listen to this episode, and hopefully, you'll find the new definition of Talent!Visit Notepd.com to read more idea lists, or sign up and create your own idea list!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotify Follow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

This isn't your average business podcast and he's not your average host.

0:06.8

This is the James Altiger show.

0:12.7

Since your economist and I, by the way, the topic of your book, Talent, is a favorite topic

0:18.0

of mine, talent by Tyler Talon and Daniel Gross.

0:21.9

How to identify energizers, creators and winners around the world.

0:26.0

But I am curious about your economic views given that we're in such a volatile period

0:30.6

right now.

0:31.6

Well, first let me ask you a theory.

0:34.4

My theory is, and you know what I'm saying, well, the threat is stronger than the execution.

0:39.8

My theory is the Fed is playing a game of chess and they have not reduced a single dollar

0:45.4

of monetary supply.

0:47.2

And yet the world is acting as if they had and that in itself is causing a deceleration

0:52.5

or inflation.

0:53.5

What do you think of that theory?

0:55.3

I agree with that theory.

0:56.5

I think there's a 50% chance there will be a recession, but I'm hoping it's a fairly

1:01.0

mild one due to all the savings built up and some positive momentum in labor markets and

1:06.4

also some of the service sectors that are coming back.

1:09.8

I feel like supply shock inflation always works itself out in the long run either because

1:14.8

the supply starts coming through or we find alternatives.

1:19.2

Monetary inflation is a little bit more of an issue although there's, as you've mentioned

1:24.4

to me in the past, it's high demand for the US dollar always.

...

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