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Boom/Bust Interview: Macro Thoughts

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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