Prof G Markets What’s the Biggest Threat to the U.S. Economy’s Soft-Landing? — ft. Mark Zandi
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Oct 10, 2024 Mark Zandi, Chief Economist at Moody's Analytics, shares his insights on the U.S. economy, emphasizing why he's optimistic about the Federal Reserve's recent strategies. He discusses the latest jobs data, pointing out trends in job creation and wage growth, and evaluates the impact of upcoming elections on economic stability. Zandi also addresses the housing market crisis, suggesting innovative solutions to improve affordability in a landscape where homeownership rates are declining.
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College Days and Tribes
- Scott Galloway reminisced about his college days and the strategies he used to try and impress women, including boasting about an ice machine.
- He highlighted the importance of finding a 'tribe' and the sentimental value of long-term friendships.
From Annoying to Successful
- Scott Galloway's college friends found his current career in media surprising, considering they used to find his outspoken opinions annoying.
- This anecdote highlights the unexpected turns life can take.
Investment Shift
- There’s been a capital flow shift from COVID-related treatments to GLP-1 treatments.
- This has led to significant changes in company valuations, with Moderna declining and Novo Nordisk rising.