State of the Economy with Diane Swonk
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 15 November 2018
⏱️ 33 minutes
🔗️ Recording | iTunes | RSS
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Summary
You guys know I’m a sucker for chatting with a rockstar economist, especially when it’s a woman! We did it earlier this year with Linda Yueh, and this week we’re doing it again with Diane Swonk. Diane is one of the most respected macroeconomists, who maintains a unique perspective on the inner workings of Main Street as well as Wall Street. She is an expert on the economics of the labor market, monetary policy and structural changes that are distinct from economic cycles. All of this came in handy as we chatted about global and domestic economic conditions, touching on a variety of topics such as:Will there be more interest rate hikes?Are we on the verge of another recession?What is the biggest threat facing the global economy?With a network that includes economists, industry leaders and geopolitical experts, Diane advises policy makers at all levels of government, including central bankers. For her outstanding contributions in the field of economics, Diane has been named a Fellow of the National Association for Business Economics (NABE). She is a member of the Council on Foreign Relations, serves on the Sitting Committee to the Booth School of Business at the University of Chicago and advises the economics department at the University of Michigan. She has testified before Congress to improve the quality of economic data and on the causes and consequences of income inequalities. If you’re a Twitter user, Diane is definitely one to follow. If you have a money question, just email me! “Better Off” is sponsored by Betterment. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ http://www.stitcher.com/podcast/jill-on-money https://apple.co/2pmVi50
Transcript
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| 0:00.0 | Hi, it's Jill Schlesinger host of Better Off, and today we're talking about where the |
| 0:07.5 | economy stands and what it looks like in the future. The biggest risk is China, |
| 0:11.9 | to be honest, with the second largest economy in the world,'ve got debt up the wazoo |
| 0:14.8 | they've got the highest real estate to income prices we've ever seen in the world |
| 0:18.0 | in a recorded basis we don't know what a financial crisis in China will look like |
| 0:22.1 | we know that it won't look like our financial crisis, but this is the second largest |
| 0:25.0 | economy in the world. |
| 0:26.0 | And unlike Japan, it has tentacles in almost every other economy in the world. |
| 0:30.1 | Welcome to the Better Off Podcast. |
| 0:31.8 | We're sponsored by Betterment, the largest independent online financial advisor. |
| 0:36.7 | Today we've got a real treat for you. You know, I love these wonky economists so much, |
| 0:41.0 | but I especially love the type of wonky economists who can speak in non-wonky ways. |
| 0:48.7 | That is why we have invited Diane Swank, she is the chief economist at Grant Thornton to join us. |
| 0:55.7 | Diane has a great way of breaking through the clutter and communicating complicated topics |
| 1:01.0 | in a way you can understand. She's going to talk about where we are today |
| 1:04.8 | in the economy and what the future holds. So here's our interview with Diane |
| 1:09.1 | Swank. You're listening to Better Off with Jill Schlesinger. |
| 1:14.0 | Diane Swank, economist, extraordinary, and a female economist, which is a rare thing. |
| 1:20.0 | It is unfortunately extremely rare. |
| 1:22.0 | Terrible. Thank you. It is delightful extremely rare. Terrible. |
| 1:23.0 | It's horrible. |
| 1:24.0 | It is delightful to meet you. |
... |
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