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Real Vision: Finance & Investing

Can the Fed "Catch Up" Without Tanking the Economy?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 7 May 2022

⏱️ 38 minutes

🧾️ Download transcript

Summary

The April nonfarm payroll figure topped consensus forecasts, and the unemployment rate held at 3.6%. A slight retreat in the labor force participation rate surprised, but, overall, more evidence of a tight labor market should brace a Federal Reserve as it effects an aggressive tightening cycle. That’s despite the fact that, when it comes to growth, we’re looking at “three straight quarters of almost nothing besides inventory along with a growing catalog of economic data more like Q1 GDP than anything.” So observes Jeffrey Snider, Head of Global Research at Alhambra Investments. Meanwhile, the threat of global recession amid war in Eastern Europe and rising geopolitical tensions augurs a new world order. We hear from Peter Zeihan and Dee Smith. Is the Fed hiking rates into a downturn? How is the market responding to the central bank’s rapid tone shift? And what will investors do should the situation devolve into a real collateral crisis? Snider joins Real Vision’s Maggie Lake for today’s Daily Briefing to talk about whether the Fed is up to the challenges it faces. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3ylWN5I. Watch the full interview with Peter Zeihan and Dee Smith here: https://rvtv.io/3kJBIKy. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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Inflation, recession, stagflation, just what the hell is going on?

0:37.4

Hi there, thanks for tuning in to another Real Vision podcast.

0:40.9

So what the hell is going on? We all want to know. Here at Real Vision with debut

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Real Vision members in depth long-form analysis on the real stuff that's happening.

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Best of all, you can get access to all 14 days of Global Recession with everyone around

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1:32.5

Hi everyone, welcome to the RealVision Daily Briefing. It's Friday, May 6, 2022. I'm Maggie

1:37.4

Lake and here with me today is Jeff Snyder, head of Global Research at Alhambra Investments.

1:42.5

Hi Jeff, it's great to see you. Hi Maggie. Wow, what a week this has been. Here's where we're

1:50.0

ending up. We're just closing out the US session for equities and the week. And it looked early

1:55.6

in the day like US stocks were going to try to stabilize, but as Tony predicted yesterday,

2:00.7

they couldn't quite hold on. I have to say it looked like it was going to fall apart fast and

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