Kevin Hassett
speaker
150 appearances
15 recordings
1 series
first heard Nov 2025
last heard 10 Aug
Kevin Hassett’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 15 in all, peaking in Aug 2026 with 6.
Appearances
And and that is all about the market reaction today is all about what this means for the Federal Reserve.
Louis Navelar, how do you want to allocate capital in this environment where once again we're talking about Goldilocks?
A Goldilocks mac uh macro story.
Yeah, uh so the strength is what we've seen before, construction workers, uh manufacturing workers and so on.
Uh the weakness in this number were really just two things, government workers and uh a sort of rebound from all the employment we got from the World Cup, because the World Cup was ending.
It's if you uh throw out the World Cup and the government workers, we actually had a number that was about plus a hundred thousand, which is about what we
Because it's local officials, local selectmen and mayors and so on that are negotiating these deals.
And they've been negotiating the deals pretty generously in the sense that they've been happening all over the place because the data centers are very good for towns because they create so many jobs, bring people in with high incomes, they could buy houses and stuff like that.
And so if you take a sleepy town that hasn't really seen much in the last 20, 30 years and put a data center there,
then they're going to be a whole bunch of happy residents of that town.
Right.
Well, I think that what we were looking at when you and I talked last was the really surging domestic demand.
And so final sales within the US were about 4%, actually, almost exactly the number we talked about, 3.9%.
And the reason why the top line number was 1.5% was that we imported so many capital goods.
because we're building factories so fast that the number was different than we expected by a little bit.
And the bottom line, though, is that if you look at that, so the huge surge in capital spending, which means there's downward pressure on inflation because there's upward pressure on supply, plus CPI and PCE, those two reports were about as good as you could ever hope to see if you were a Federal Reserve governor, then it means that the economy is really running on all cylinders.
You know, I think the biggest risk facing the U.S.
economy right now is that these socialist slash communist Democrats actually have a big victory and can start to have their policies be pursued by local governments and even perhaps the federal government, because they really are looking at kind of a communist takeover of America.
And if markets start to think that those people are going to be successful, then there's going to be a lot of pain in markets.
And so I think that's the biggest risk right now.
Showing 81–100 of 150 · page 5 of 8
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