Vanguard Economist Josh Hirt (Part I) - Discussion on the US Economy: Pandemic, Employment, Inflation

Rory and Diane speak with Josh Hirt, a lead economist with the Investment Management Group at Vanguard, who develops Vanguard's understanding of Growth in the US Economy. Josh talks about the pandemic's impact on the economy and how this will evolve over time. He talks about today’s economy, some Optimism coming out of the Pandemic, as well as some comparisons to The Great Recession of 08', the Dot-com Bubble of 01’, and even the Inflationary period of the late 1960s, early 1970s. He covers many areas, including unemployment, the role the government needs to play in the markets to stabilize the situation we are in, the rise of prices in the housing market, and the shift in inflation and what that means for wages. He touches on the Vanguard Advisors Alpha Program and the importance of advisors transitioning to a more holistic approach in terms of wealth management and diversification. Lastly, we talk about the implications of Blockchain technology and Bitcoin. If you want to learn more about the US economy or the resourcefulness of a holistic approach to investing, you won’t want to miss this episode.