Economist Gruenwald: 'This is not a normal recovery'


Manage episode 294381057 series 2712770
Oleh Money Life with Chuck Jaffe and Chuck Jaffe ditemukan oleh Player FM dan komunitas kami — hak cipta dimiliki oleh penerbit, bukan Player FM, dan audio langsung didapatkan dari server mereka. Tekan tombol Berlangganan untuk mendapat setiap pembaharuan di Player FM, atau salin URL feed ke aplikasi podcast lainnya.

Paul Gruenwald, chief economist at S and P Global Ratings says that the economy is being turned back on in the middle to late stages of the economic cycle, which is different from the standard exit from a downturn, raising questions about the impact and effectiveness of policy decisions going forward. Still, he remains constructive about the market, noting that the U.S. economy could come out of the pandemic without too much scarring, with reasonable growth rates -- much lower than current levels --with markets remaining reasonably calm as the economy gets sorted out. Also on the show, Minouche Shafik, director of London School of Economics and Political Science, discusses her new book, 'What We Owe Each Other: A New Social Contract for a Better Society,' and Christopher Zook, president of CAZ Investments, talks long-term thematic investing in the Market Call.

894 episode