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18min chapter
Dr. Peter Linneman, Leading Economist, Professor Emeritus, The Wharton School of Business (Part 16)
The Walker Webcast
The Current State of the Economy and the Concept of 'Canaries'
In this chapter, they discuss the current state of the economy and focus on the concept of 'canaries', which represents certain indicators of economic health. They mention that the canary base is currently at nine out of fifty, and express surprise that the 'misguided fed' still has a count of four or five dead canaries, despite recent statements. They emphasize the importance of looking at actions rather than words, and argue that the short-term interest rate should be higher based on their view of inflation.
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