Top Traders Unplugged
GM56: Structural Shifts - A Threat to the Economy? ft. Frances Donald
Feb 7, 2024
Frances Donald, Chief Economist and Strategist at Manulife Investment Management, discusses the structural shift in the economy, predicting a US recession in 2024 and tactical opportunities in fixed income markets. The conversation explores the shift towards a supply-driven global economy, implications for inflation and fiscal policy, and advice on macro strategy and communication skills.
01:02:19
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Quick takeaways
- Governments should focus on supporting the supply side of the economy to combat inflation and promote economic growth.
- The effectiveness of government spending in relation to inflation depends on how it is allocated.
Deep dives
The importance of supporting the supply side of the economy
In this podcast episode, the speaker emphasizes the importance of governments recognizing their role in supporting the supply side of the economy. It is argued that the size of the government or the amount of government spending is not the most crucial factor, but rather how that spending is allocated. The discussion challenges the notion that government spending is always inflationary and suggests that it can actually be deflationary if allocated in a certain way. The speaker also highlights the need for governments to focus on rebuilding the supply side to combat inflation and promote economic growth.
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