Dan Alpert on the Big Difference Between Now and the 1970s

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 25 October 2021

⏱️ 61 minutes

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Summary

Official inflation measures in the U.S. remain elevated and so, of course, this has a lot of people thinking about the 1970s. Not only was this the last time the U.S. had a sustained period of high inflation, it was the period during which many of today's policymakers really started to form their views about managing the economy. On this episode, we speak with Dan Alpert, a managing partner at Westwood Capital, and a fellow at the Cornell Law School, about his new report on inflation risks, and what he sees as false comparisons to the 1970s.

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0:54.0	Hello and welcome to another episode of the AdLots podcast.
0:58.5	I'm Joe Wiesenthal.
1:00.6	And I'm Tracy Alloway.
1:02.3	So Tracy, I think we recorded an episode on the recent CPI day.
1:08.5	But regardless of when it was, I think there is this view now that
1:14.0	although I don't know whether it's like team persistent or team transitory or whether teams
1:19.1	are the right way to be thinking about this, that this elevated inflation that we've seen
1:24.8	for various reasons, logistics, commodities, etc.
1:28.6	It doesn't seem to be going away any time soon.
1:32.1	Yeah, we actually spoke about this on an all-bots episode.
1:36.0	It was with one of the Fed governors.
1:37.8	I think it might have been Kaplan, but we asked whether or not
	...

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