Moving From an Income-Driven to a Credit-Driven Cycle | Bob Elliott

Hidden Forces

Demetri Kofinas

Government, Business

4.8 • 1.6K Ratings

🗓️ 7 October 2024

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In Episode 384 of Hidden Forces, Demetri Kofinas speaks with Bob Elliott, the co-founder and CEO of Unlimited, a financial services firm that uses machine learning to create products that replicate the index returns of alternative investments.

Demetri asked Bob Elliott back on the podcast today to discuss the big macroeconomic story everyone’s been talking about, which is the Fed’s pivot from fighting inflation to supporting the labor market by cutting interest rates into an apparently strong economy.

Bob and Demetri discuss what sorts of consequences this new policy stance may have, especially if consumers and businesses seek to take on more debt. This would move us from what has largely been an income-driven business cycle to a credit-driven one, potentially adding rocket fuel to an otherwise already strong economy.

The two also discuss China's economic conditions, the importance of the recently announced stimulus, and how China’s economy matters not only to Chinese investors but also to those with no direct exposure to the country’s economy or stock market.

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Episode Recorded on 10/01/2024

Transcript

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0:00.0	What's up everybody? My name is Demetric Afinas and you're listening to Hidden Forces, a
0:06.1	podcast that inspires investors, entrepreneurs and everyday citizens to challenge consensus narratives and learn how to think
0:14.6	critically about the systems of power shaping our world.
0:18.6	My guest in this episode of Hidden Forces is Bob Elliot, the co-founder and CEO of Unlimited, a financial services firm that uses
0:26.6	machine learning to create products that replicate the index returns of alternative investments.
0:32.6	I asked Bob back on the podcast today to discuss the big macroeconomic story that everyone's
0:38.2	been talking about, which is the Fed's pivot from fighting inflation to supporting the labor market by cutting interest rates
0:44.6	into an apparently strong economy. Bob and I discuss what sorts of consequences
0:50.6	this new policy stance may have, especially if consumers and businesses seek to take on more debt,
0:57.0	moving us from what has largely been an income-driven business cycle to a credit-driven one, potentially adding rocket fuel to an otherwise already strong economy.
1:06.5	We also discuss the economic conditions in China, the importance of the recently announced stimulus,
1:12.0	and how China's economy matters not only to
1:14.3	investors in China but to those with no direct exposure to the country's economy
1:19.1	or stock market. There is no premium portion to this week's episode which gives you the perfect
1:24.9	excuse to go back through our library of content and catch up on anything you've
1:28.9	missed or re-listened to some of our great conversations on this and related topics. The easiest way to do
1:34.6	that is at Hidden Forces.io slash Podcasts where you can select from a number of
1:40.4	content categories. If you want to learn more about our genius community
1:44.4	and how to participate in our live Q&As with people like Bob or join one of our
1:49.0	many dinners that are hosted in the private dining rooms of some of the finest restaurants in the world,
1:54.6	attended by some of the world's most successful investors, policy makers, and thought leaders
2:00.2	in a variety of disciplines and fields.
	...

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