| The economy, as any investor knows or will quickly learn, is not the same as the stock market. What’s happening today resembles the Great Inflation of the 1970s. Talk of stagflation, recession, and hard and soft landings—it can make your head spin to see how quickly things have unfolded. In this week’s episode of Global Macro Update, Dr. Ed Yardeni, president of Yardeni Research, joins Ed D’Agostino to discuss today’s urgent storylines, including: – Spooked markets after Fed Chairman Jerome Powell hinted at higher rates and how soon-to-be-released data will influence policymakers – The hot labor market, rising wages, and areas where inflation could ease by end of year – Whether the Fed can push things “too far” and at what point it could backfire – Why so many economists and market analysts have been surprised by the Fed’s telegraphed decisions – The historic surge of consumer credit card debt and what it means for future consumption Plus, Dr. Yardeni addresses the two sectors he favors for long-term investors and how turbulent times can lead to a future led by productivity. To learn more about Dr. Ed Yardeni, you can read his bio here. It includes links to his book publications, a complimentary trial of his research service, and his LinkedIn newsletter. Want a transcript? Sign up for our free weekly e-letter, and you’ll get a transcript every week, plus a summary and link to the video: https://www.mauldineconomics.com/go/JM499G/MEC _____________ Video timestamps: 1:14 – The chances of a 50 basis points hike in March 3:39 – Chronic labor shortages and the relationship between wage increases and inflation 6:03 – If the Fed will push the economy to a breaking point 8:39 – Why so many people have been caught off guard by the Fed’s moves 10:14 — The rise in consumer credit card debt 11:52 — Two sectors Dr. Yadeni favors for long-term investors 16:05 – Why the IT sector is so intriguing 20:14 – AI and tech’s impact on future job losses 21:15 – A top-down approach to investing #finance #inflation |
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