Why MMT doesn't work, tectonic shifts in demographics, and labor unions driving inflation as supply chains get relocated. Paul Wankmueller, CMT and Jannis Meindl talk about the flaws of central economic planning, the Fed's balancing act between consumer categories, as well as the current economic state. Access today's chart booklet for free here: Macro Corner Episode 7, Chart Booklet
Access Jannis Meindl's macro article titled Central Economic Planning and Economic Conditions that was published Sunday July 17, 2022.
0:00 - Disclosure
0:18 - Podcast Introduction
0:59 - Modern Monetary Theory & Sri Lanka
2:38 - Inflation Spirals
4:29 - Inflation Mindset in Emerging Markets
6:28 - Wages & Labor Unions
8:12 - Golden Age For Blue-collar Workers
10:14 - China's Demographic Decline
15:50 - Relocation of Supply Chains
17:23 - Household & Bank Leverage
18:56 - Not All Consumers Are Created Equal
20:15 - Credit Card Debt
22:12 - The Negative Wealth Effect
25:02 - Renormalization of Spending
28:15 - Business Inventories
30:09 - Labor Force Participation
33:06 - Disclosure
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