Michael Batnick
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Podcast Appearances
I saw somebody.
But trim mean, it's just not going to work.
Do you know what I mean?
Which part?
Like going in there and being like, oh, look at this trim mean measure.
It's lower than everything else.
Like if his job is to go in there and try to convince the people around that table that we're about, we're on the precipice of a golden age.
I mean, you hear them talk about this all the time.
Like,
Pull a Greenspan.
As if Greenspan didn't hike aggressively in the late 1990s.
Anyway, so he's going in there to sell this golden age thesis.
Basically what that means is that we're on the front edge of a productivity boom.
That means we have a lot of spare capacity.
So don't do anything.
Yeah, we have a lot of spare capacity in our economy.
That means we actually have more room to cut rates.
That's what he's going in there.
That's the pretense under which he was brought in.
So Skanda, were you done?