849 - Is the Fed playing footsies with The Inflation? and What is TALENT? with Tyler Cowen
The James Altucher Show
James Altucher
4.6 • 2.7K Ratings
🗓️ 17 May 2022
⏱️ 53 minutes
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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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