Thoughtful Money with Adam Taggart
Lacy Hunt: It's Not Inflation But DEFLATION That's The Real Threat To Our Economy
Jan 30, 2025
Lacy Hunt, Executive Vice President and Chief Economist at Hoisington Investment Management, shares his deep insights into the current economic landscape. He argues that deflation, rather than inflation, poses the real threat to our economy. Hunt discusses the potential inaccuracies in inflation data and the alarming rise in factory idleness. He also highlights the impacts of recent monetary policies and tariffs on trade dynamics, predicting rising unemployment and challenges for monetary stability ahead.
57:40
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Quick takeaways
- Rising costs of living and limited savings among Americans contribute to widespread financial discomfort, emphasizing economic instability.
- The shift from 'handout' to 'hands-up' fiscal policies aims to enhance productivity and growth, though short-term challenges are anticipated.
Deep dives
Impact of Inflation on Everyday Life
Inflation continues to affect consumers negatively, even as it gradually decreases. Basic necessities remain costly, which creates a sense of financial discomfort among households. Notably, many Americans struggle with limited savings, as reported by surveys indicating that a significant percentage have less than $1,000 in emergency funds. The higher costs of living, particularly in areas like housing and essential goods, contribute to this widespread sense of unease about economic stability.
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