Keeping it Simple with Simplify Asset Management

Keeping it Simple | Ep. 42: Old Ironsides

Nov 18, 2024

Barry Knapp, a partner at Ironsides Macroeconomics, shares his expertise in macroeconomic strategy. The discussion digs into the current economic climate and the fear of recession, tackling challenges faced by small businesses. They analyze the bumpy landscape of wage growth across sectors and scrutinize how recent election outcomes are shaping investment strategies, particularly in the bond market. Prepare for deep insights on inflation, fiscal policies, and the complexities of today’s labor market!

01:07:19

Creator website

Episode guests

Barry C. Knapp

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

The podcast highlights the challenges posed by 'rolling recessions' across sectors, particularly emphasizing the inadequate response of monetary policy to small businesses and housing.

Barry Knapp critiques the Federal Reserve's extensive post-pandemic asset purchases, arguing they distorted market signals and negatively impacted credit accessibility for small banks and businesses.

Discussion on labor market dynamics reveals stagnation in small business employment as smaller entities struggle to attract workers amidst competition from larger corporations.

Deep dives

Current Economic Cycle Analysis

The discussion highlights the complexity of the current economic cycle, characterized by recession fears amidst fluctuating employment and inflation rates. Barry Knapp identifies 'rolling recessions' affecting different sectors, such as small businesses and housing, that have not been properly addressed by monetary policy. He critiques the Federal Reserve's approach, particularly their extensive asset purchases during the post-pandemic recovery, which he believes distorted market signals and increased the burden on floating-rate borrowers. This misalignment may have contributed to the struggles faced by small banks and businesses that rely heavily on credit accessibility.

Intro

2min

Navigating Economic Uncertainty

24min

Navigating Small Business Challenges

6min

Economic Indicators and Labor Market Dynamics

16min

Analyzing Wage Growth Trends: Public vs Private Sector Dynamics

4min

Election Outcomes and Market Dynamics

12min

Navigating Economic Uncertainty and Market Valuations

4min

Michael Green, Harley Bassman, and Barry Knapp go old school. For more information, https://www.simplify.us. Questions about the content discussed in this video? Please contact info@simplify.us. Simplify Asset Management Inc. is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Simplify Asset Management Inc. and its representatives are properly licensed or exempt from licensure. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the advisor has attained a particular level of skill or ability. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy. This content is not intended to provide investment, tax, or legal advice. This content is solely for informational purposes and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. These materials are made available on an “as is” basis, without representation or warranty. The information contained in these materials has been obtained from sources that Simplify Asset Management Inc. believes to be reliable, but accuracy and completeness are not guaranteed. This information is only current as of the date indicated and may be superseded by subsequent market events or for other reasons. Neither the author nor Simplify Asset Management Inc. undertakes to advise you of any changes in the views expressed herein.

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