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Jeff Snider reacts LIVE! to an article from The Economist. The magazine offers three arguments why the US economy might overheat in 2021: evidence that the downturn is temporary; generous fiscal stimulus; and the Federal Reserve’s monetary-policy strategy. ----------WHERE---------- Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWN Deezer: https://bit.ly/3ndoVPE iHeart: https://ihr.fm/31jq7cI TuneIn: http://tun.in/pjT2Z Castro: https://bit.ly/30DMYza Google: https://bit.ly/3e2Z48M Spotify: https://spoti.fi/3arP8mY Pandora: https://pdora.co/2GQL3Qg Breaker: https://bit.ly/2CpHAFO Castbox: https://bit.ly/3fJR5xQ Podbean: https://bit.ly/2QpaDgh Stitcher: https://bit.ly/2C1M1GB PlayerFM: https://bit.ly/3piLtjV Podchaser: https://bit.ly/3oFCrwN PocketCast: https://pca.st/encarkdt SoundCloud: https://bit.ly/3l0yFfK ListenNotes: https://bit.ly/38xY7pb AmazonMusic: https://amzn.to/2UpEk2P PodcastAddict: https://bit.ly/2V39Xjr AlhambraTube: https://bit.ly/2Xp3roy ----------WHEN---------- 00:55 Why won't a large fiscal stimulus (e.g. Biden's 9% of US GDP) save a post-2008 economy? 03:39 Why won't a large fiscal stimulus overheat a post-2008 economy? 06:46 Why aren't the positive employment gains of July-December 2020 positive? 08:13 Why isn't a pool of excess savings indicative of potential activity in a post-2008 economy? 11:38 Did the Federal Reserve learn the right lesson from the 2013 "taper tantrum"? 14:19 Why won't the Fed's new "average inflation" strategy not make save a post-2008 economy? ----------WHAT---------- The Economist, Fire without Fury: https://econ.st/3qnkWSu Alhambra Investments Blog: https://bit.ly/2VIC2wW RealClear Markets Essays: https://bit.ly/38tL5a7 ----------WHO---------- Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski, seeing what the tide brought in. Art by David Parkins. Podcast intro/outro is "Chasing Visions" by vvano at Epidemic Sound. |