Thinking Outside the Box with Alternative Data

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 31 May 2024

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Oliver gives us the scoop on Truflation, the solution to finding alternative data on all the economic data. Forget CPI and PCE—Truflation offers a fresh perspective, scooping up real-time data from various sources. Oliver dives into why traditional metrics miss the mark, explaining how Truflation tackles these issues using multiple data sources. Oliver urges us to think beyond the usual metrics and consider real-world factors shaping our economic outlook.

Today we discuss...

How Truflation offers an alternative view of inflation compared to traditional metrics like CPI and PCE.
How Truflation tracks over 14 million items daily from 40 different data sources.
Traditional metrics like CPI use outdated methods and surveys.
Why customers adapt their spending, often switching to cheaper products.
Market reactions often depend on government-reported numbers like CPI and PCE.
Historical data revisions by government agencies can cause market instability.
Housing costs are weighted differently by Truflation compared to CPI.
Major companies like Unilever and General Mills adjusting prices due to consumer pushback.
Global trends show a downward trajectory in inflation, but with variations.
Concerns include high household debt and potential stagflation.
How monitoring consumer expenditure, household debt, and delinquency rates is crucial.

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | Pro College Planners

Follow on Facebook: https://www.facebook.com/moneytreepodcast
Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast
Follow on Twitter: https://twitter.com/MTIPodcast

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.8	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.7	Hello, Smart Money Tree podcast listeners.
0:12.6	Welcome to this week show.
0:13.7	My name's Kirk Chisholm and I'll be your host.
0:15.7	So today I'm joined with Oliver Roos.
0:17.9	How you doing you, Oliver?
0:18.9	Really good.
0:19.5	And thanks for having me out.
0:20.9	So Oliver's been on the show before. We thought it was a good time to bring him back on,
0:25.1	given all this going on in the world with inflation. He's got some great stuff to share.
0:30.0	So Oliver, for the listeners who didn't listen to the first episode, which shame on all of you,
0:34.7	but for those of you did, Oliver, tell us a little about yourself.
0:37.7	I work at Truflation, which is an alternative data provider for inflation and other economic and financial data sets.
0:46.8	And I look after the product for Truflation, in particular the datasets and the management of the datasets and the application of that data set.
0:55.3	Why did you get started with Thruflation?
0:58.4	What caused the impetus to start up a site with datasets that other people obviously already have?
1:04.7	The fundamental reasons why we set up Triflation was to look at an alternative data set
1:09.8	because we had questions with regards to the more norm-based
1:15.5	inflation measurements in the marketplace, which are the CPI and the PCE. You could also potentially
1:21.5	consider the PPI that produced this price index as another inflationary measurement or another
1:26.5	inflationary tool to use.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Money Tree Investing Podcast, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Money Tree Investing Podcast and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.