AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
12min chapter
Unlimited Alpha
The Compound and Friends
The Relationship Between Consumer Spending, Consumer Credit, and Income Growth
This chapter explores the connection between consumer spending, consumer credit, and nominal income growth. It emphasizes the role of wage growth in sustaining the economic equilibrium and discusses factors that are beyond the control of the Federal Reserve. The chapter emphasizes that the trend of inflation is determined by the gap between nominal income and spending, rather than specific price changes.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode