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Callie Cox of eToro joins the podcast to discuss her view that the Federal Reserve can engineer a 'soft landing' -- defeating inflation while not tipping the US economy into a recession.
Content Highlights
It's hard to see how the Fed will be able to combat inflation without breaking things in the economy, but this is the guest's view (3:00);
This view is partly based on the job market (4:06);
Inflation is the major risk to the 'soft landing' thesis. But there are encouraging signs (6:00);
Still, there is a chance investors are underestimating the chances of higher interest rates from the Fed (8:08);
Ultimately, investors are discounting the global economy's strength (9:21);
Technology has been harder hit than other sectors of the economy, which may bring second-order effects especially locally. But nationally, initial jobless claims are still low (13:57);
The US consumer has been a particular strong point. No reason for that to stop (15:53);
Background on the guest (20:12);
Views on cryptocurrency (24:48);
The concept of decentralized finance, or DeFi: not just a fool's errand (26:43);
Does the VIX still matter? Maybe, but there are better options to gauge volatility (31:14).
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