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Our guest for this latest installment is David Levy, Chief Executive Officer of the Jerome Levy Forecasting Center, an economics consulting firm. Tune in to hear our discussion about the widespread uncertainty in global markets and what that means for investors and consumers.
This week, Diane Swonk, Grant Thronton chief economist, joined to discuss Federal Reserve Chairman Powell's policy shift to let inflation and employment run higher and whether the central bank could feasibly achieve the new policy goal. Srinivas Thiruvadanthai, research director for the Jerome Levy Forecasting Center, came on to talk about the Center's new report on just how unequal the recovery has been between large corporations and small businesses. Erica Groshen, former Commissioner of the U.S. Bureau of Labor Statistics, discussed the wave of corporate layoffs announced this week. Then Anastasia Seebohm, CEO of the global members-only concierge company Quintessentially Group, came on to talk about how the luxury market is fairing amid the downturn and adapting to the new pandemic reality.
Sri T is the Director of Research at the Jerome Levy Forecasting Center, a macroeconomic research firm. It's an incredible conversation with lots of amazing insights offered. I had the opportunity to sit down with Sri T and get his thoughts on the COVID crisis, the central bank response, sorry advice given to central banks like the RBI and the approach he uses to help forecast profits. All in all, some terms may not be familiar with a layman, but it was an absolutely fire conversation!
In this episode, Kevin Kelly sits down with Sri Thiruvadanthai, the director of research for The Jerome Levy Forecasting Center, an independent economic research and consulting firm. In this conversation, Sri and Kevin discuss: Today’s extraordinary policy regime The growth profile of the US vs. the rest of the world Why the US dollar could be poised for further strength The struggles & headwinds facing the European economy How the post-COVID world is likely to look Much more! Thank you to our sponsor Crypto.com for making this happen! Visit bit.ly/cryptodelphi for more information! This episode was released first for Delphi Digital subscribers! https://www.delphidigital.io/ - Twitter: Sri's Twitter: https://twitter.com/teasri Kevin's Twitter: https://twitter.com/Kevin_Kelly_II Delphi Podcast Twitter: https://twitter.com/PodcastDelphi More Visit: https://www.levyforecast.com/ Access Delphi's Research here: https://www.delphidigital.io/ Kubera lets you monitor your crypto and traditional portfolios in a single place. Think Coinbase and Fidelity on the same dashboard. All major banks, brokerages, crypto exchanges and wallets supported. https://www.kubera.com/ Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Kevin Kelly owns tokens in BTC, ETH, RUNE, NXM, & SNX. Lets Talk Bitcoin is a distribution partner for The Delphi Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service.
Many people like to claim that the Federal Reserve is responsible for the high degree of leverage and speculation in the economy. But the mechanism via which this happens is often misunderstood. On this week's episode of Odd Lots, we speak with Srinivas Thiruvadanthai of the Jerome Levy Forecasting Center about how the Fed's goal of inflation targeting contributed to a massive buildup in private debt. As he explains, the approach to minimizing the volatility of inflation at a low level created a perfect environment for lenders, creating all kinds of other risks elsewhere in the economy.
Can the U.S. economy have a recession without it turning into a crisis? In the old days, such garden-variety recessions were fairly common. These days, less so. But why is this? And can we go back to the old-style soft recessions? The issue, arguably, is that private sector balance sheets (both debts and assets) have grown so large relative to incomes, that the value of financial assets swamp effects from changing incomes. On this week's Odd Lots, we speak with David Levy of the Jerome Levy Forecasting Center about his new report called Bubble Or Nothing about how the economy works in a world of gigantic balance sheets and extreme risk taking.
Srinivas Thiruvadanthai is a managing director and the director of research at the Jerome Levy Forecasting Center. Sri joins the show today to talk about the sectoral financial balance approach to macroeconomics as well as the safe asset supply challenge. David and Sri also discuss the fallacy of composition in macroeconomics, post-Keynesianism and how it differs from mainstream economic thought, and potential solutions to help ease the cost of being the banker to the world. Transcript for the episode: https://www.mercatus.org/bridge/podcasts/10172019/srinivas-thiruvadanthai-sectoral-financial-balance-approach-macroeconomics Sri’s Twitter: @teasri Sri’s JLFC profile: https://www.levyforecast.com/about-us/srinivas-thiruvadanthai/ Related Links: *Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth* by Wynne Godley and Marc Lavoie http://dl4a.org/uploads/pdf/Monetary+Economics+-+Lavoie+Godley.pdf David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth
This week, Craig Wiggins, Managing Director of TheCannalysts, joined to discuss the impact of of cannabis legalization in Canada one year later with a recap and look ahead. Alan Baum, auto analyst at Baum & Associations, recapped the September auto sales and Tesla 3Q delivery numbers. David Levy, the chairman of the Jerome Levy Forecasting Center, came on to talk about this busy week in economic data and his why his outlook for the U.S. economy is "Bubble or Nothing." Then Scarlet sat down with Gloria Feldt, the former president & CEO of Planned Parenthood and co-founder of the organization Take the Lead, to talk about her new imitative to propel women into leadership positions across the public and private sectors by 2025.
In this special edition of Behind the Markets Jeremy Schwartz and Gaurav Sinha of WisdomTree talk to Srinivas Thiruvadanthai, Director of Research for the Jerome Levy Forecasting Center, about economic trends in India. They discuss what sectors to pay attention to in India, consumption trends in the country, the benefits of an export driven economy, and more.Guests:Srinivas Thiruvadanthai, Director of Research for the Jerome Levy Forecasting CenterFollow Sri on Twitter: @teasriFore More on the Jerome Levy Forcasting Center: www.levyforecast.com/Gaurav Sinha - Associate Director of Asset Allocation and Modern Alpha at WisdomTreeYou can also follow our host on twitter: @JeremyDSchwartz See acast.com/privacy for privacy and opt-out information.
This week, Scarlet and Joe talked with Rett Wallace, CEO of Triton Research, about Elon Musk trolling his short-selling critics with a tweet that he was taking Tesla private. Then Mitch Lowe, the CEO of MoviePass, came on to defend the business model of everyone's favorite embattled company and vowed to break even within a year. Srinivas Thiruvadanthai, Research Director of Jerome Levy Forecasting Center, also joined to discuss his latest piece arguing how the Indian rupee could become a hard currency.
Srinivas Thiruvadanthai is the Director of Research at the Jerome Levy Forecasting Center, and one of the most interesting commentators on markets and the economy. He's also an economist who fits into the post-Keynesian school of thought. The post-Keynesians -- a group that has a growing following -- argue that the economy is not self-correcting, that central banks have limited influence on the economy or inflation, and that large government debts can be a stabilizing force. In our conversation, he explains his world view and how he uses it to interpret markets right now.
Techonomics Host Jason Middleton joins Carol and they welcome David Levy, Chairman of Jerome Levy Forecasting Center, discussing Fed policy and the outlook for more interest rate hikes. Liam Denning, Bloomberg Gadfly Columnist, explains what impact a Tesla Model X crash has had on the company’s finances. Brent Taylor, New York General Manager at Maven, discusses the growth of the carsharing business. Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman, discusses the impact a trade war with China could have on currencies And we Drive to the Close with Walter Todd, Chief Investment Officer at Greenwood Capital.
Techonomics Host Jason Middleton joins Carol and they welcome David Levy, Chairman of Jerome Levy Forecasting Center, discussing Fed policy and the outlook for more interest rate hikes. Liam Denning, Bloomberg Gadfly Columnist, explains what impact a Tesla Model X crash has had on the company's finances. Brent Taylor, New York General Manager at Maven, discusses the growth of the carsharing business. Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman, discusses the impact a trade war with China could have on currencies And we Drive to the Close with Walter Todd, Chief Investment Officer at Greenwood Capital. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Kunal Kapoor, CEO of Morningstar Inc., discusses passive vs. active funds and the financial services industry. Doug Borthwick, the managing director and head of FX at Chapdelaine & Co., talks about the dollar's reaction to the continued chaos in the White House. Andrew Martin, a legal editor at Bloomberg News, talks about how the Comey memo could thrust President Trump into a legal quagmire. Finally, Srinivas Thiruvadanthai, the director of research at the Jerome Levy Forecasting Center, discusses the Fed dilemma, high yield bonds and housing bubbles in Canada and Australia.
A few weeks ago on the Odd Lots podcast, we talked to Paul Schmelzing, a Ph.D candidate at Harvard, who explained how the bull market in U.S. Treasuries could come to a screeching halt. This week we examine the other side of the debate. Our guest is Srinivas Thiruvadanthai, director of research at the Jerome Levy Forecasting Center in Mount Kisco, New York. He explains how a combination of structural factors in the global economy and massive levels of debt could depress interest rates on government debt for years to come. In addition to explaining why the bond bull market of more than three decades can survive, Thiruvadanthai explains what everyone gets wrong on how inflation occurs.