I love the closing discussion of revolutionary vs evolutionary technological developments over the past few centuries, and as a biased Calgarian working in the Canadian E&P sector, Mike’s comments regarding the human harnessing of Fossil Fuels being the most critical technological innovation in the past few hundred years. It would seem to me the that historically, step changes in revolutionary technology are preceded directly by step changes in utilization of energy sources, in particular orders of magnitude increases in energy density (wood -> coal, coal -> oil, etc...). It would be great to hear more commentary from you on this! Too bad we take energy for granted 99.99% of the time.
I think this is the first time someone has cornered him on the "not printing" argument, and it feels like he would have ceded it if not for velocity dropping. (how is that even related?) Harley was very excited and I would like to see them get deeper into those disagreements.
@@jeoboden Lacy never admit the fed wasn’t printing . He said we 🇺🇸 didn’t have inflation , like Japan , because of the lack of money velocity . Doesn’t mean it ain’t printing tho .
I have to say, this interview with Dr. Hunt was both very informative and eye-opening! I greatly appreciated the discussion on inflation impacting wages as an invisible tax on consumers-wage earners. And I'm also glad Harley acted as a "devil's advocate" to Dr. Hunt's commentary in the interview. I hope Simplify will bring back Dr. Hunt for another interview - BTW: are the slides used from Dr. Hunt's Hoisington Asset Management available for download by attendees/viewers? Thank you!
"Harley, think about it a minute before you put your foot in it! The graph is the rate of change." LOL. I've never heard this snappy side of Lacy before, who knew he had it in him? I'm glad Harley challenged the point for that glimpse of wit alone.
Harley playing devil's advocate was great. OK Lacy is the man, but he needs to be tested and someone needs to be there to ask the questions we have! Great job guys 🙏🏼
The question is who has more political power: the people who are hurt by inflation and negative real interest rates or the people who benefit from cheap money (i.e. those who own leveraged real assets and benefit from negative real interest rates)? I guess we will find out.
Excellent interview. One suggestion if you are going to bring on someone like Lacey let him finish his point before both of you jump in all at once 😂 Is Michael shilling "the world is ending" CNN lol 🤣
The two smartest guys in the room agree and they aren't alone. Sh$% is going get real! That population growth model is the Australia and NZ model. It works, but the trade off is standard of living of incumbent citizens.
Ya butt it's unaffordable for the average mellinial to do what the average boomer done. Most are living with there parents everything is out of there reach they are giving up. I am one and I own a construction company and trust me even being a business owner housing is unaffordable same with fuel for my truck.
Lacy hunt will almost always be correct because he is political correct. Look at Ukraine Russia event, and then look at the yields now. Geopolitical serves monetary policy, inflation alone won’t provide enough insights.
OK@@uiharu He's not the only expert. He hasn't designed an ASML machine or anything else. I stand by my comment. "Excessively eager and attentive to please or to obey all instructions; fawning, subservient, servile."
I love the closing discussion of revolutionary vs evolutionary technological developments over the past few centuries, and as a biased Calgarian working in the Canadian E&P sector, Mike’s comments regarding the human harnessing of Fossil Fuels being the most critical technological innovation in the past few hundred years. It would seem to me the that historically, step changes in revolutionary technology are preceded directly by step changes in utilization of energy sources, in particular orders of magnitude increases in energy density (wood -> coal, coal -> oil, etc...). It would be great to hear more commentary from you on this! Too bad we take energy for granted 99.99% of the time.
I appreciate Harley. I appreciate the push back on Lacy's analysis. Push back is good. It makes the analysis better!
What is the practical mplication of this economic trajectory?... Less growth > recession > deflation > poor equity returns?!
I think this is the first time someone has cornered him on the "not printing" argument, and it feels like he would have ceded it if not for velocity dropping. (how is that even related?) Harley was very excited and I would like to see them get deeper into those disagreements.
Amen brother. I appreciate you!
Strident though… painful
@@jeoboden
Lacy never admit the fed wasn’t printing .
He said we 🇺🇸 didn’t have inflation , like Japan , because of the lack of money velocity .
Doesn’t mean it ain’t printing tho .
I have to say, this interview with Dr. Hunt was both very informative and eye-opening! I greatly appreciated the discussion on inflation impacting wages as an invisible tax on consumers-wage earners. And I'm also glad Harley acted as a "devil's advocate" to Dr. Hunt's commentary in the interview. I hope Simplify will bring back Dr. Hunt for another interview - BTW: are the slides used from Dr. Hunt's Hoisington Asset Management available for download by attendees/viewers? Thank you!
Hi Aaron - please send us a note at info@simplify.us regarding the slides.
One of the few guests that I stop what I'm doing and actually give my full attention to.
It's not a choice for me. Maybe since I haven't studied econ I'm slow on the mental math
Lacy Hunt is such an amazing economic thinker. This conversation with Harley and Mike was so informative and fun!
Nobody can explain the situation we are in like Lacy Hunt.
Love how Harley is along for the ride in these
Brilliant episode. Lacy was the perfect guest. I've rarely heard such a cogent analysis presented this accessibly.
Harley is not only extremely well spoken but also remarkably handsome...
"Harley, think about it a minute before you put your foot in it! The graph is the rate of change."
LOL. I've never heard this snappy side of Lacy before, who knew he had it in him? I'm glad Harley challenged the point for that glimpse of wit alone.
Thanks for tuning in!
me neither .. loved the discussion
"I even take time of my life.." LOL... Thank you all. Very educational and entertaining.
Harley playing devil's advocate was great. OK Lacy is the man, but he needs to be tested and someone needs to be there to ask the questions we have! Great job guys 🙏🏼
He almost stepped in it!🤣
Another outstanding discussion.
Such an incredible interview. Thanks for this!
We're glad you enjoyed the session!
Two giants in Mike Green and Lacey Hunt
This was so good, I am watching it for the second time.
Great stuff, thanks again!
The question is who has more political power: the people who are hurt by inflation and negative real interest rates or the people who benefit from cheap money (i.e. those who own leveraged real assets and benefit from negative real interest rates)? I guess we will find out.
Man, this was great!
Still watching Frank G Melbourne Australia 🇦🇺 ❤️
Excellent interview.
One suggestion if you are going to bring on someone like Lacey let him finish his point before both of you jump in all at once 😂
Is Michael shilling "the world is ending" CNN lol 🤣
Well done.
Harley trying to argue with Lacey about inflation and debt is atrocious. Lacey is the man.
Hey Simplify. Please tell us what the "CNN" Headline behind Mike reads!
Extremely important to know.
We agree. "Fiery but mostly peaceful in Laguna Beach… police searching for balding man with head injury… may be wearing gold chain”
"The fed are trying to navigate shoals which they have never done successfully". Brilliant!
The two smartest guys in the room agree and they aren't alone. Sh$% is going get real! That population growth model is the Australia and NZ model. It works, but the trade off is standard of living of incumbent citizens.
Cathie Wood also
Great episode. Well done Lacy and Mick. Harley needs to chill out.
So we are hoping for the “and then someone discovered unicorns and we used their horsepower to run the economy”
Ya butt it's unaffordable for the average mellinial to do what the average boomer done. Most are living with there parents everything is out of there reach they are giving up. I am one and I own a construction company and trust me even being a business owner housing is unaffordable same with fuel for my truck.
Economists with charts own 60% of the predictive truth. The other 40% belongs to current events and human behavior historians
how do you think the invasion changes their analysis?
Lacy hunt will almost always be correct because he is political correct. Look at Ukraine Russia event, and then look at the yields now. Geopolitical serves monetary policy, inflation alone won’t provide enough insights.
Thanks for joining the session!
The elephant in the room is Bitcoin.
Everyone's got their blind folds on and they all have their perspectives. Let's hope they begin sharing information and educating one another.
This worship of Hunt is obsequiously tiring.
How does your 50 year track record for predicting rates compare?
OK@@uiharu
He's not the only expert. He hasn't designed an ASML machine or anything else. I stand by my comment.
"Excessively eager and attentive to please or to obey all instructions; fawning, subservient, servile."
Harley, please don't speak (shut-up) next time around with Lacy. Some of us want to learn as much as we can
Harley is so annoying