Inflation Then and Now, or: The 'Where Were You' Accusation
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 21 April 2023
⏱️ 17 minutes
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Summary
Today's Post - https://bahnsen.co/40qjm3u
I enjoyed a wonderful dinner with my long-time friend, John Mauldin, last week, and something we discussed is going to be the subject of today’s Dividend Cafe.
John is one of the most well-known newsletter writers in our industry, and I have been reading him every single week – no exceptions – for 23 years. Around ten years ago, after a shared CNBC appearance, he and I became friends and quickly connected the dots that John actually knew my late father and even published some of his writings back in the early 1980s. A small world, indeed. Well, since then, John and I developed a friendship of our own, I am a regular speaker and panelist at his annual Strategic Investment Conference, and we are known to do dinners together that can last for four hours, with all aspects of the economy, the market, the Fed, and the American political system on the table for discussion.
At this dinner event last week, John brought something up that inspired me for this week’s Dividend Cafe. You will not be surprised to hear that it is going to involve the Fed, inflation, and all the adjacent topics that so energetically fill the pages of Dividend Cafe quite often.
So jump on into the Dividend Cafe …
Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com
Transcript
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| 0:00.0 | Welcome to the Dividend Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life. |
| 0:12.2 | Hello and welcome to this week's Dividend Cafe. I'm sitting in the Newport Beach office. |
| 0:18.0 | Very excited to be in a position to be at our home base and talking to you about the |
| 0:25.6 | subject of inflation yet again, everybody's favorite topic. |
| 0:29.4 | It's a little different than the way I normally discuss it. |
| 0:33.7 | Today's topic is not really just about inflation, but more about some particular elements as to |
| 0:41.2 | what we've been going through the last few years. And I want to give you a little context as to why |
| 0:46.1 | I'm talking about it and where we're going with this. I'm going to start with kind of a personal |
| 0:52.0 | anecdote. I had dinner last week with a longtime friend of mine by the name of John Malden. |
| 0:58.1 | John is one of the best-known newsletter writers in our industry, |
| 1:03.3 | has written a piece called Thoughts from the Frontline for 23 years. |
| 1:07.4 | I've been reading it every single week without exception for 23 years. And at some point, |
| 1:13.1 | I do believe it was about 10 years ago now, maybe a little longer. John and I were on |
| 1:19.3 | CNBC together and struck up a friendship. And then came to find out that John actually knew my late father back in the early 80s |
| 1:31.3 | and in fact published some of my dad's writings. |
| 1:34.1 | And so you just kind of small world stuff that we connected. |
| 1:37.3 | And then over the years have evolved our own relationship. |
| 1:41.6 | And we really do love talking markets together. John's an economist as well, |
| 1:48.9 | who cares a lot about insights, perspective. He's very intellectually curious. And so we do these |
| 1:57.0 | dinners where we just, you know, are bouncing things off each other, talking about the market, |
| 2:01.6 | about the economy, about the political spectrum, and we can go on and on for hours. And last week, |
| 2:10.4 | John brought something up on me that inspired me to make it the subject of today's Dividendon Cafe. |
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