Greg Ip
speaker
528 appearances
8 recordings
1 series
first heard Jan 2018
last heard Sep 2024
Greg Ip’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
That means that they can't just kind of blink and ignore it if inflation moves above 2%.
But I'd like to make an important point.
You don't need political pressure to result in a policy error or a rise in inflation.
For example, there's already discussion inside the Fed, and there is talk in academic circles about why they should be a little bit more relaxed about their 2% inflation target.
And the final point I want to make is you do not need inflation going up to 10%, like in the late 70s and early 80s, to cause havoc.
In fact, you don't even need it to go to 4%.
You simply need to exit this 30-year period where the forces for inflation always seem to be pushing downward and enter a period where they're pushing upward and forcing the Fed to always respond with restrictive monetary policy.
That could play havoc with a portfolio of stocks and bonds that's been built around this idea for years that inflation would never, ever return.
Good to talk to you.
WSJ Your Money Briefing · Dow Pullback: Do Past Corrections Predict the Future? · 13 Feb 2018
podcast
Most market drops have some kind of fundamental trigger to them, whether it's concerns about the economic outlook or concerns about inflation and interest rates.
voice-verified
This one's no different, and that was the same in 2007.
voice-verified
But what was special about 2007 was that the market drop was a symptom of much more severe underlying problems in the economy.
voice-verified
Essentially, you had trillions of dollars of badly underwritten mortgages issued, and they were backed by housing prices that were too high.
voice-verified
So when you saw things like hedge funds run by Bear Stearns collapse or subprime lending start to implode, that wasn't just some isolated market event that was unsettling investors.
voice-verified
That was a tip of a serious iceberg.
voice-verified
When I look at the market downdraft that we've experienced in the last few weeks, it doesn't seem anything like 2007 or 2008.
voice-verified
Yes, there's been a bit of a scare over inflation and interest rates, and that could indeed be a headwind to the market for some time to come.
voice-verified
But I don't see the severe economic fragilities underneath the surface that we had 10 years ago.
voice-verified
Now, going into 1998, you had a lot of turmoil in the global economy.
voice-verified
The East Asian financial crisis had been underway for a year, and in the summer of 1998, all eyes were on Russia.
voice-verified
Showing 401–420 of 528 · page 21 of 27
← Previous
Next →