A Global Economy Beset by Discrepancies, With Joseph Politano

US home prices could be due for more declines, based on how housing starts and interest rates have been trending (2:15);

How much of the strength of the labor market is due to interest rate hikes not having taken full effect yet? (4:09);

Expecting a 'mild recession' may be as naive as anticipating a 'soft landing' (8:44);

Traditional leading indicators are out of synch, with manufacturing employment dropping precipitously but the services sector going from strength to strength (13:30);

The Fed may have already overdone it with interest rate hikes (14:57);

The 'best case' scenario may be akin to what happened in 1995-96 (18:15);

Background on the guest (22:23);

What to (possibly) expect from Fed policy the rest of 2023 (27:29);

Watch Japan's monetary policy as well (34:17);

What about cryptocurrencies as a systemic risk? (39:08);