I was back on Boom/Bust today discussing the macro view.  We covered a lot of ground including:

• Why the US economy is as weak as it is.
• Where we are in the business cycle.
• Is the housing recovery sustainable?
• Could the Fed have done more to avoid the crisis?
• The risk of moral hazard via government intervention.
• The importance of understanding the credit cycle as a driver of the business cycle.
• The unprecedented negative trend in government employment.
• The “new macroeconomic world” and why the USA is not fully insulated from global economic disruptions.

You can watch the full interview here:

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