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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

Episode guests

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.

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.

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