In this episode, Eric Wallerstein joins the show to discuss why the labor market is cooling (not crashing), the decline in the personal savings rate, and increasing labor productivity. We also break down GDP, the credit markets, and how to rethink asset allocation in today's market. Enjoy!
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Timestamps:
(00:00) Introduction
(01:14) Eric's Background
(03:07) The Labor Market Is Okay
(08:17) Why The Fed Is So Dovish
(11:08) Consumer Savings
(14:22) Real Wages
(16:53) Labor Productivity
(20:38) Breaking Down GDP
(24:08) Economic Big Picture
(26:46) Mantra Ad
(27:25) Risks To The Consumer
(29:52) The Fed Doesn't Need To Cut
(33:34) Private Credit Markets
(37:08) The Fed Supporting Credit Markets
(39:17) Bond Markets
(41:54) Stock & Bond Correlations
(44:10) Rethinking Asset Allocation
(46:22) Permissionless Ad
(47:02) Global Markets & The Carry Trade Unwind
(49:36) Chinese Economy
(52:15) Europe Doesn't Issue Debt
(55:31) Key Takeaways
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
