Odd Lots Lots More With Neil Dutta
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Sep 15, 2023 
In this engaging discussion, Neil Dutta, Head of U.S. Economics at Renaissance Macro Research, delves into pressing economic themes. He breaks down the impact of rising bond yields on asset valuations and explores inflationary pressures amid a potential government shutdown. Dutta also examines the dichotomy of a soft landing versus an inflationary boom. Additionally, he reflects on why some investors are drawn to pessimism in economic forecasts, offering insights that blend serious financial analysis with lighthearted commentary.
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Inflation Persistence
- Inflation hasn't been defeated and could return if a recession doesn't occur.
- Demand remains strong, potentially fueling further inflation.
Core Goods Inflation
- Core goods prices, excluding cars, are rising again.
- Supply chain issues persist, contributing to inflationary pressures.
Savings Rate Dynamics
- There's an inverse relationship between assets and savings rates.
- Rising wealth often leads to decreased savings, a trend disrupted by the 2008 financial crisis.