Kyla Scanlon
speaker
1,192 appearances
8 recordings
5 series
first heard Nov 2025
last heard 11 Aug
Kyla Scanlon’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 8 in all, peaking in Jan 2026 with 3.
Appearances
Oh, I mean, I think this economy is kind of confusing everybody. You know, it's a bit confusing to figure out where the growth is coming from, if the growth is sustainable, if it's all AI driven, how much risk that might be injecting into the economy, sort of how spending is holding up, the labor market, inflation. I feel like there's definitely more questions than answers right now. All right, here comes another question. Which of those things are you most worried about?
I think I'm pretty worried about some of the decisions that the Federal Reserve will have to make. The Fed always has a pretty tough job, but right now balancing between the labor market and the dynamics there where entry-level hiring has had some issues and then balancing inflation where we're not really sure if prices are going to continue to tick up. I just worry that the Fed is going to have some tough choices on their hands as we go into the end of the year.
What's your sense of Chairman Warsh? I think that he has a hard job like every Fed chair does. I think that the bond market made it pretty clear that they were a bit worried about credibility. They were a bit worried about the lack of guidance from the Fed. The market and the Fed are so interlinked. So I think that he's trying to extract the Fed from the market a little bit, but that won't come without pain.
Yeah, I think that a lot of pieces have been pinned on what young people are doing. They're going to the gym more. They're traveling a lot. They're buying up a lot of little treats. And I think people are trying to figure out exactly why that sort of economic behavior is happening, because it seems strange sometimes.
But in my opinion, I think all of these things are rational. So I think when people look at the spending patterns of the younger generation where there is this lean towards little treats, so buying up LaBooBoos, Dubai chocolate lattes, whatever it may be, that sort of spending is rational because they're putting off the bigger milestone spending like buying a house, having kids, because it feels further and further out of reach now.
Yeah, I mean, I think everybody has sort of internalized this sense of fear with AI. And so I don't know if younger people, if anybody, honestly, is really thinking about, oh, in a couple of years, I'm going to have to be very responsible. I feel like there is some element of doomerism within the spending. I don't think it's all doom spending. I don't totally love that word. But I do think that for them, there is that sense of financial nihilism. It's like, well, why would I...
invest. Gen Z is saving at a pretty high rate, but why would I contribute to the traditional life path if it doesn't feel like it's in reach for me? I'm going to go and do these sod hustles. I'm not going to work for a corporation. I'm going to develop a small business. It's not necessarily that traditional life cycle, life ladder that we typically might see. That phrase you use, financial nihilism, that's discouraging. Yeah.
That's from Dimitri Kofinas. Yeah, he coined that term in 2021. And it was around the time when GameStop was happening. So everybody was piling into GameStop, AMC. And his sense was like, whoa, you know, these are not real things. Why are people buying them up? They must not really believe in the underlying assets that they're purchasing. There's this nihilistic tendency. They just want to buy because there's this herd behavior towards buying.
And you can extrapolate that nihilism to the broad economy where people is, you know, you see it in the survey data, they feel like they don't have a stake in the economy. And so they just don't participate in the way one might expect. But expectations are always a bit foggy to begin with.
I don't know. I mean, so, okay. So I really like this quote from my former professor, Dr. Chachi, where he said the opposite of rational is not being irrational, it's being normal. And so he's essentially saying there that the normal thing is not the rational thing to do right now. What the best thing to do is to go and
try out different things because this traditional life ladder is being actively threatened by AI or the decisions that the government is making or even, honestly, the decisions the Fed might make. Raising rates could easily pop the AI bubble. It's not necessarily a new normal. It's just a different variation of normal.
The Federal Reserve is no longer forecasting our recession, and we just wanted to thank some of the economic stars that got us to where we are today.
First off, Taylor Swift.
You bought tickets, you booked hotels, and you rode those lift scooters in the middle of the street quite dangerously.
Most importantly, you boosted TDP, Taylor Domestic Product.
Second, Barbenheimer.
And of course, big fiscal, government spending really bolstered this economy.
So what did the Federal Reserve do today?
We raised rates by 25 basis points.
Will we do it again?
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