Claudia Sahm on Economic Policy (Podcast)
Masters in Business
Bloomberg
4.4 • 2.2K Ratings
🗓️ 14 August 2020
⏱️ 72 minutes
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Summary
Bloomberg Opinion columnist Barry Ritholtz speaks with Claudia Sahm, director of macroeconomic policy at the Washington Center for Equitable Growth. She has policy and research expertise on consumer spending, fiscal stimulus, and the financial well-being of households, and is known for developing the “Sahm Rule.”
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Transcript
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| 0:00.0 | Join Bloomberg Live in New York on May 4th for Bloomberg's intelligent automation briefing |
| 0:05.0 | about transformation in a time of uncertainty. |
| 0:08.0 | During this special evening event, top business and IT executives will gather to explore ways |
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| 0:22.0 | This program is proudly sponsored by IBM. |
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| 0:31.0 | This is Masters in Business with Barry Rittoltz on Bloomberg Radio. |
| 0:37.0 | This week on the podcast, I have special guests. |
| 0:40.0 | Her name is Claudia Sam and if that name sounds vaguely familiar, she is the person who invented the Sam rule, |
| 0:48.0 | which essentially is a way to identify when you are in a recession in real time. |
| 0:56.0 | Traditionally, we wait for the official NBER proclamation. |
| 1:01.0 | Usually it's a year or so later. |
| 1:04.0 | In 2020, they were surprisingly quick to declare recession and it was either March or April. |
| 1:10.0 | The Sam rule essentially gives you a way by using unemployment data to figure out in real time when you are in a recession |
| 1:19.0 | and it's really tremendously helpful. |
| 1:21.0 | I know Claudia from a number of economic dinners and events I've attended. |
| 1:26.0 | I always thought she was kind of interesting and wanted to have her on the show. |
| 1:32.0 | I just need an excuse to get her on and then last month she wrote this fiery blog post, |
| 1:41.0 | economics is a disgrace. I'll link to it on the blog. |
| 1:45.0 | She specifically calls out people by name. She calls out institutions. |
| 1:51.0 | She talks about sexism. She talks about racism. She talks about misogyny. |
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