Forward Guidance

Relentless Hiring In Healthcare & Government Doesn’t Care About Fed’s Interest Rate Hikes | Eric Pachman’s Data-Visualizations On Why Inflation & Hiring Are Sticky

Jun 17, 2024

01:37:57

Snipd AI

Data-Visualizations expert Eric Pachman discusses U.S. labor market, healthcare, government job growth, inflation differences, and challenges in measuring inflation accurately. Highlights include healthcare incentivized for high prices, industries experiencing job losses, and fluctuations in healthcare prices post-COVID.

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Understanding market reactions to employment figures can lead to initial sell-offs in bonds and stocks.

The resilience of the healthcare sector amid economic fluctuations positions it as a key driver in job market dynamics.

Complexities within the U.S. healthcare system drive inefficiencies and inflated costs, urging considerations for industry reform.

Discrepancies between CPI and PCE metrics raise questions about the accuracy of inflation measures in reflecting consumer experiences.

Deep dives

Impact of May Employment Numbers on Market Reactions

The discussion delves into the reaction of the market to the May employment figures, with 272,000 jobs added above forecasts leading to a sell-off in bonds and stocks initially. Eric Pakman reviews the intricacies of creating a visualization tool related to labor projects, emphasizing the significance of understanding the data firsthand. He highlights a complexity akin to handling various dream layers and the challenges in interpreting economic indicators amidst market volatility.

Intro

2min

Analyzing Data Visualizations and Economic Trends

18min

Challenges and Strategies in Creating Data Visualizations for Employment Data

3min

Insights on Healthcare Industry and Government Sectors

22min

Analysis of Declining Industries and Inflation Metrics

27min

Analyzing Fluctuations in Healthcare Prices and Inflation Measurement Methods

19min

Exploring Banque Creek's Unique Investment Strategy and Quant Approach

3min

Creating Compelling ETFs and Providing Data-Visualizations for Market Transparency

5min

Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG.

Follow Eric Pachman on Twitter https://x.com/EricPachman

Follow Bancreek on Twitter https://x.com/bancreek

Bancreek’s CPI tool: https://www.bancreek.com/p/checking-the-tape-may-2024-cpiu

Bancreek’s PCE tool: https://www.bancreek.com/p/april-2024-pce-update

Bancreek’s labor market tree map: https://www.bancreek.com/p/us-employment-data-treemap

Follow VanEck on Twitter https://twitter.com/vaneck_us

Follow Jack Farley on Twitter https://twitter.com/JackFarley96

Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance

Follow Blockworks on Twitter https://twitter.com/Blockworks_

Timestamps:

(00:00) Introduction

(00:57) The U.S. Labor Market

(03:57) Tree Map Of Where New U.S. Jobs Are Being Created (It's A LOT In Healthcare and Government Sector)

(19:50) VanEck Ad

(23:17) The Growth In U.S. Government Jobs

(28:39) U.S. Healthcare Industry Is Incentivized For High Prices And High Job Growth Is A Consequence

(45:00) Homebuilding, Oil & Gas, and Retail

(52:11) Inflation Masterclass: Differences Between CPI & PCE

(01:11:35) Healthcare in PCE & CPI

(01:28:46) With Housing Inflation Where It Is, It Is Nearly Statistically Impossible For Inflation To Be At Or Below The Fed's Target of 2%

Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.

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

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

Forward Guidance

Relentless Hiring In Healthcare & Government Doesn’t Care About Fed’s Interest Rate Hikes | Eric Pachman’s Data-Visualizations On Why Inflation & Hiring Are Sticky

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Impact of May Employment Numbers on Market Reactions

Birth-Death Adjustment and BLS Analysis

Healthcare's Resilience Amid Economic Shifts

Challenges and Innovations in Healthcare Systems

Motor Vehicle Insurance Impact on CPI

Challenges in Measuring Auto Insurance and Methodological Differences

Contemplating Inflation Metrics and Data Accuracy

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
& Export

AI-powered
podcast player

Discover
highlights

Forward Guidance

Relentless Hiring In Healthcare & Government Doesn’t Care About Fed’s Interest Rate Hikes | Eric Pachman’s Data-Visualizations On Why Inflation & Hiring Are Sticky

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Impact of May Employment Numbers on Market Reactions

Birth-Death Adjustment and BLS Analysis

Healthcare's Resilience Amid Economic Shifts

Challenges and Innovations in Healthcare Systems

Motor Vehicle Insurance Impact on CPI

Challenges in Measuring Auto Insurance and Methodological Differences

Contemplating Inflation Metrics and Data Accuracy

Get the Snipdpodcast app

AI-poweredpodcast player

Discoverhighlights

Save anymoment

Share& Export

AI-poweredpodcast player

Discoverhighlights

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
& Export

AI-powered
podcast player

Discover
highlights