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:

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.