Single Best Idea with Tom Keene: Julia Coronado & Michael Purves
Mar 11, 2024
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Tom Keene discusses the impact of market conditions on inflation and GDP analysis. Julia Coronado and Michael Purves share insights on Fed decisions, Bitcoin market trends, and Elon Musk's influence.
Annualizing inflation rates at .3 on core for balanced annual rate - no need to rush Fed.
Bitcoin's speculative trading behavior driven by retail investors, indicating generational impact on market structure.
Deep dives
Economic Perspectives on Inflation Measurement
Julia Cornado and Constance Hunter discuss the challenges of measuring inflation, emphasizing the importance of Jason Furman's approach. They highlight the significance of annualizing inflation rates, aiming for a .3 on core to maintain a balanced annual rate, leading to no rush for the Fed. This method involves analyzing three-month annualized data to indicate trends.
Bitcoin Market Analysis
Michael Purvis shares insights on the market structure and speculation surrounding Bitcoin based on the Bank of International Settlements' research. The discussion delves into the retail speculative nature of Bitcoin trading, indicating a generational impact. Purvis opines on the contrived aspects of Bitcoin, emphasizing the speculative trading behavior driving its volume.