

Keeping it Simple | Ep. 42: Old Ironsides
18 snips 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!
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Rolling Recessions
- The economy has experienced rolling recessions in inventory, housing, and small businesses.
- The Federal Reserve's monetary policy significantly contributed to these issues.
Ski Shop Owner
- A ski shop owner, despite a potential rate cut, still struggled with increased capital and inventory costs.
- This highlights how interest rate changes might not fully offset prior cost increases for small businesses.
Mean-Median Problem
- Despite high nominal GDP growth, a significant portion of the population isn't doing well.
- This economic disparity is creating a mean-median problem, rendering average statistics less useful.