Ep. 110: Phil Suttle on the Inflation Combustion Model, the Fed’s Errors, and US Housing

Phil is the founder of Suttle Economics – a leading research consultancy. Before that, he held senior roles at Tudor, the Institute of International Finance (IIF), JP Morgan, Barclays, the New York Fed and World Bank. He was educated at Oxford University and lives in the US. In the podcast, we talk about: 

1. The inflation combustion model 
2. Inflation to settle at new higher inflation levels around the world 
3. Parallels to early 1970s and key differences 
4. Whether real earnings will increase 
5. The impact of lower immigration on labour market 
6. Why recession risks are overstated 
7. The Fed still being behind the curve 
8. The return of pre-GFC level of bond yields 
9. How Bernanke set the Fed on the wrong course 
10. Energy investment and higher inventories as new normal 
11. US housing market 
12. Equity market view 
13. Phil’s favourite recent read: The War That Made America (Anderson) 

You can contact Phil here and you can follow his work here. 

Read the full transcript here.

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