Economics & Growth | Monetary Policy & Inflation | US
CIO of Alhambra Investments, Jeff Snider, talks on the real causes of slack in the US economy and its underperformance against potential. He cites a global shortage of dollars and broken financial system as the main problem.
• The current low in US unemployment is not the sign of strength it is often made out to be as it no longer aligns with other economic variables. And despite the current expansion officially the longest on record, Snider argues current growth feels like a contraction since it is below the long-term average (around 5%).
This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.