AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Monetary Matters with Jack Farley
The Treacherous Last Mile of Inflation | Vincent Deluard on France, 2025 U.S. Fiscal Drag, COLA Pain, and the U.S. Healthcare Price Spiral
Dec 15, 2024
Vincent Deluard, Director of Global Macro at StoneX, shares his insights on the perilous economic landscape leading up to 2025. He discusses how a lower 2024 inflation rate will squeeze government benefits like Social Security through COLA adjustments. Deluard warns of a strong U.S. dollar impacting corporate earnings and predicts potential spending cuts at state and local levels. He also provides a keen analysis of the political turmoil in France and its broader macroeconomic implications.
01:21:43
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Deluard emphasizes that a lower cost-of-living adjustment in 2025 could impact U.S. government programs like Social Security significantly.
- The podcast discusses the potential recession risks associated with high corporate debt maturity and increased refinancing challenges by 2025.
Deep dives
The Current Economic Landscape
The economy is experiencing a notable shift as inflation decreases and anticipated recession fears prove unfounded. Inflation rates have dropped significantly, providing confidence in consumer spending as we head toward a strong fourth quarter. However, there are concerns regarding the sustainability of this growth, especially as signs indicate potential economic challenges toward the end of the first quarter of 2025. The shift from negative to positive sentiment among investors raises questions about whether this 'no landing' narrative may ultimately lead to an unexpected slowdown.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
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