Professor Alan Blinder of Princeton University, and former Vice-Chair of the Federal Reserve, joins the show to talk about what the Fed missed, which era in history this most clearly resembles, why this recession may be unlike any other, and why rumors of the Dollar's demise have been greatly exaggerated. Plus, the ultra-rare Zweig Breadth Thrust indicator just triggered, which historically means very good things for stocks. Links for show notes: https://www.investopedia.com/us-employers-added-236-000-jobs-in-march-underscoring-brisk-labor-market-7376799 www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.federalreserve.gov/releases/h8/current/ https://www.aba.com/about-us/press-room/press-releases/q2-2023-credit-conditions-index www.investopedia.com/articles/04/012104.asp www.investopedia.com/terms/b/breadth-thrust-indicator.asp https://www.youtube.com/watch?v=IaPPsEIxJok https://www.princeton.edu/blinder/ https://press.princeton.edu/books/hardcover/9780691238388/a-monetary-and-fiscal-history-of-the-united-states-1961-2021 Learn more about your ad choices. Visit podcastchoices.com/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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