American Monetary Association AMA 185 - Clash of the Financial Pundits with Jeff Macke
Jason Hartman talks to Yahoo Finance’s Jeff Macke about the impact of changing technologies, the perception of Doomsday skepticism and what underemployment means for those seeking jobs and those hiring. Macke also ways in on the inflation/deflation debate and discusses some of the points raised in his book Clash of the Financial Pundits.
Key Takeaways:
[1:39] Discrepancies between what we're told by the press and economic realities
[5:00] New technology and human resources can combine to end extreme inefficiency.
[8:10] Underemployment is a tricky issue when we have so many graduates with massive student debt who still can’t get a job.
[12:36] How many jobs will this new technology end up replacing?
[16:44] Investing with a belief in a Doomsday end is not a good idea
[18:04] Are we headed toward inflation or deflation?
[22:03] – There are two real ways of making money as a pundit: make other people money or just scare them.
[23:20] The gold-bugs focus so much on the math, but it’s just not all about math. We now have so many other factors that come into play, and we can’t forget about them.
Website:
Clash of the Financial Pundits by Jeff Macke
Update: Jeff Macke is no longer with Yahoo! Finance