Julian Brigden joins Jim Bianco to chat through markets and provide exciting details about their upcoming Global Macro Summit
Talking Data
00:00
Nominal GDP: A Function of the Labor Market
The Fed has done and I'm like, actually, let's think about that for a second. So if a place and go to zero, nominal GDP stays at seven. This is not 2010 when we got 7% unemployment or 8% unemployment. We're 2021. Right? That's four times trend with 3.75% unemployment. If you take the view, forget that we're going straight to 2%. We're going to stay there. And we will see a giant burst of wage inflation at this point. There's no slack. No.
Transcript
Play full episode
