Eurodollar University The REAL Economic Data Was Just Released, It's Not Good
Aug 19, 2024
Steve Van Metre, an economic expert, and Goolsbee, a Bloomberg Fed adviser, dive deep into troubling revisions in U.S. economic data. They reveal how constant downward revisions hint that the economy might be overstated. Discussing consumer behavior, they note affluent shoppers are now turning to budget retailers. The pair also worry over stagnation in retail sales, questioning if current growth is merely debt-driven. As unemployment claims rise, the narrative of a soft landing is challenged, leaving listeners alarmed about the future of economic stability.
Chapters
Transcript
Episode notes
1 2 3 4 5
Intro
00:00 • 4min
Analyzing Economic Data Discrepancies
04:12 • 2min
Examining Economic Data: A Closer Look at Retail Sales and Industrial Production
06:05 • 4min
Unraveling the Soft Landing Narrative Amid Economic Concerns
10:23 • 3min
Concerns Over Economic Stagnation Revealed by Retail Insights
13:30 • 4min