Scott Nations

speaker

580 appearances 1 recordings 1 series first heard Jan 2026 last heard 16 Jan

Scott Nations’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.

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Prof G Markets · Your Brain is the Worst Investor in the Room — ft. Scott Nations · 16 Jan 2026 podcast

Chairman Powell is going to lose the chairmanship this spring.

The new chair is almost certainly going to have promised President Trump that they'll drive to lower rates.

I think they'll be able to do that.

But, Ed, I would make two points now.

Rates should not be lower.

Because if you look at the Fed's dual mandate, it's inflation of 2% or less.

Well, we learned today that inflation's at 2.7%.

So the way that you bring inflation down is not to lower interest rates and allow people to buy even more stuff.

Second thing is, second part of the dual mandate is employment, full employment.

That's generally considered unemployment rate of 5% or below.

Well, the unemployment rate's 4.4%.

So lowering rates is just not appropriate for the current environment we're in, unless you're looking at it from a political point of view.

Second point about rates, the Federal Reserve has done way more damage, way more damage, and they did this in 2002 through 2006, and they did it in 1929.

They do way more damage when they keep rates too low for too long than they do when they hold rates steady or keep them even a little bit too high.

So it is so easy when money is cheap, it's so easy to borrow and rush out and buy a bunch of stocks.

It sounds like maybe your biggest risk of the year, which I think I'd probably agree with, would be inflation.

I mean, that is the downside here, is if we continue to lower rates.

Also, I mean, we look at the inflation numbers that we're seeing, because we have all of this data that we didn't get in October, it's likely a lot higher.

And you look at any third party firm that's measuring prices, they'll tell you it's 3% or higher, which all makes me think,

I mean, it makes me even more concerned about the inflation problem that we're trying to paper over it with this data that you can't really trust right now.

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