Capital Club Inflation and Wealth Gap in the US: A Broader View with Matthew Klein
Matthew Klein is the Founder of The Overshoot, a premium subscription research service focused on the global economy, financial markets, and public policy. He is the co-author of Trade Wars Are Class Wars and the winner of the 2021 Lionel Gelber Prize. Matt was also previously the Economics Commentator at Barron's, and he has written for the Financial Times, Bloomberg View, and The Economist.
In this episode, Matt and I talk about inflation and the wealth gap in the US. Matt talks about the contributing factors to inflation and where he thinks it is heading. Matt also shares his thoughts on inequality and the wealth gap and how the US demographics compare to other countries today. Listen in!
[00:01 – 03:00] Opening Segment
- Welcoming Matt to the show
- Matt shares his background
[03:01 – 19:30] Contributing Factors to Inflation
- How inflation, interest rates, demographics, and central banks work together
- Monetary policy
- Political influence
- Are we in a cycle of bubbles?
- The federal government’s impact
- Debt to GDP ratio
- Is neutral inflation possible in the short term?
[19:31 – 34:36] US Demographics and Wealth Gap
- Matt’s thoughts on inequality and wealth gap
- Quantitative easing
- The US’ demographics compared to the world
- Buying domestic equities in the US: will it change?
- Matt on wages being flat
[34:37 – 40:00] Closing Segment
- What investors need to view as signs and signals
- The continuous emergence of the tech services industry
- How you can connect with Matt
- Closing words
Tweetable Quotes
“I don't think we're doomed, in other words, to be locked into this cycle of bubbles that lead to weak growth, and then bust, then lead to weaker growth. I think that's essentially a choice, and we could make a different choice.” - Matthew Klein
“One of the reasons I'm relatively optimistic about the potential of the next decade is because looking at what's happened with household balance sheets, since the financial crisis, it really has been a big change, and especially recently with the money that was paid out. So I think that's really interesting.” - Matthew Klein
------------------------------------------------------------------------------------------
Connect with Matthew:
Website: https://theovershoot.co/
Twitter: @m_c_klein
Connect with me:
LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!
Hosted on Acast. See acast.com/privacy for more information.