Super Terrific Happy Hour Ep. 16: A Tale Of Two Surveys
Stephanie and Grant return for a long overdue conversation about the increasingly puzzling macro backdrop against which we’re all trying to first safeguard and then invest our increasingly precious capital.
Stephanie highlights the enormous discrepancy between the household employment survey and the Fed’s own payroll numbers and explains why, as others (including the Fed themselves) catch on, this is set to make a material difference to policy options.
Away from that, the two discuss credit markets, gold, the outlook for 2023 and anything else that takes their fancy in another hugely enjoyable discussion.