Economists discuss inflation data and the Fed's focus, insights on FX weakness and US economic outlook, and a deep dive into streaming wars, Meta earnings, and tech regulation.
Central banks' struggle to interpret data for effective policy formulation amidst changing economic conditions and challenges with frameworks like neo-Kanzeian theories.
Correlation between wars and inflation spikes, citing historical instances and linking current geopolitical tensions to inflation through supply-side disruptions.
Deep dives
Challenges of Central Banking Frameworks
Central banks are grappling with the effectiveness of their frameworks amidst changing economic conditions. With a focus on the Fed, the discussion delves into the challenges of interpreting data and formulating policies. The evolving nature of monetary theories, such as neo-Kanzeian frameworks, and the relevance of metrics like the Phillips curve come under scrutiny. Pragmatism in decision-making is acknowledged, but the absence of a strong interpretative framework for economic data is highlighted.
Implications of War on Inflation
Drawing from historical instances, the podcast explores the correlation between wars and inflation spikes. By referencing past conflicts like the Vietnam War and the Gulf War, a pattern emerges where wars lead to inflationary pressures. The discussion extends to current geopolitical tensions, especially regarding Russia and Ukraine, suggesting a link to inflation through supply-side disruptions, particularly focusing on the impact of ongoing conflicts on oil prices.
Revolution in the Streaming Industry
The podcast examines the challenges faced by traditional media companies venturing into the streaming business. Highlighting the evolution of business models, the narrative questions the sustainability and growth prospects of streaming platforms. Insights into strategies adopted by companies like Netflix, Paramount, and Sony reveal contrasting approaches, indicating a paradigm shift in content distribution. The discussion underscores the complexity of navigating the streaming landscape amidst changing consumer behaviors and market dynamics.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene and Paul SweeneyApril 23rd, 2024 Featuring:
Stephen Stanley, Chief Economist at Santander, on recent inflation data and what the Fed is watching this week
Thierry Wizman, Director: Global Currencies & Interest Rate Strategist at Macquarie Futures, on FX weakness and volatility and what the bond market is signaling about the US economic outlook
Ian Whittaker, Managing Director and Owner at Liberty Sky Advisors, on streaming wars, Meta earnings, and tech regulation
Bloomberg's Lisa Mateo with her Newspaper Headlines