Top Traders Unplugged
GM53: The Misdiagnosis of the Global Economy ft. Dario Perkins
Nov 22, 2023
Dario Perkins, an economist, discusses the misdiagnosis of the global economy in 2023. They explore the shift higher in inflation, active industrial policy, and changing super cycle away from neoliberalism. These shifts point to greater volatility in inflation, a secular bear market in bonds, and a more positive outlook for value versus growth.
01:04:54
Episode guests
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The current global economic situation is unconventional and differs from typical recessions with no collapse in asset prices or employment.
- Monetary policy impacts the economy and labor markets differently, with flow effects reducing credit availability and demand, and stock effects affecting existing debt holders.
Deep dives
The Unconventional Nature of the Current Economy
The podcast discusses how the current economic situation is different from traditional recessions. Unlike previous economic downturns, the current situation is not characterized by a collapse in asset prices or employment. The speaker attributes this to the unconventional nature of the current economy and the pandemic-related disruptions that have led to pent-up demand and significant fiscal stimulus. They suggest that while a mild recession may be possible, it may not even be perceived as a recession by many people.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
