Economic Insights: Ed Hyman's Annual Forecast [2024]

Annually, the anticipation for economist Ed Hyman's insights peaks as he's consistently ranked Wall Street's top economist for 43 years. Last year, he tracked the Federal Reserve's tightening policies, predicting a slowdown in inflation and warning of a potential recession if credit conditions tightened further.
#investingstrategy #inflation #recession
WEALTHTRACK episode 2024 broadcast on December 08, 2023
00:00 Hello
00:50 Introduction
02:40 Interview with Ed Hyman
22:05 One Investment
24:00 Action Point
More Info: wealthtrack.com/wall-streets-...
Bookshelf: Leadership: Six Studies in World Strategy
amzn.to/48cxEsZ

[@michaelswami]

Always a delight. Two of my favorite people chatting.

[@ac2329]

Enjoyed your show for years great guests Ed is the best

[@KK-pm7ud]

Thank you for bringing on Ed again

[@merchantsailor]

Ed Hyman is a national treasure to investors, Happy Holidays to your program and Ed Hyman.

[@chessdad182]

Fine show. Predicting the future isn't easy. I'm on the optimistic side. Advances in AI should lead to productivity boosts and higher GDP at lower costs.

[@scipioafricanus4875]

Thanks!

[@juannunez7045]

been listening to you I don't know too long since nightly business news on pbs anyways love all you have done for us

[@gordonsteen8415]

"The New York Fed's quarterly Household Debt and Credit Survey (HHDC) shows that total consumer debt stands at $17.29 trillion as of the third quarter of 2023. That's a record high." A breaking point? Rates on consumer debt?

[@joycekoch5746]

Rents are slowing ...where ? in Kentucky or Tyroneville?

[@petecheng1]

very logical person.

[@Blair62]

What is the WealthTrack theme music?

[@sensenisok]

Consuelo playing skin flute

[@jw8578]

Interest rates aren't lowering inflation as much as supply chain correcting itself after covid.

[@josh9231]

I think there may be some truth to this

[@randomdude7384]

So, BlackRock are right about the AI mega force? Tfw didn't buy Nvidia at $200.

[@jonathanmagic5633]

If you visit Australia make sure you get a haircut first as our Reserve Bank Boss says haircuts and visits to the dentist are causing a spike in inflation - Not Joking, lol.

[@nicholas5396]

"It's lovely to know when there's recession. I don't remember anybody predicting 1982 we're going to have 14 percent inflation, 12 percent unemployment, a 20 percent prime rate, you know, the worst recession since the Depression. I don't remember any of that being predicted. It just happened. It was there. It was ugly. And I don't remember anybody telling me about it. So I don't worry about any of that stuff. I've always said if you spend 13 minutes a year on economics, you've wasted 10 minutes." ~ Peter Lynch

[@mehawinct]

Two errors in the first five minutes! First, CPI-U was 3.2 at the end of October, but the Fed doesn't _prefer_ that measure... it focuses on CPE, and that's at 3.5% YoY -- but PCE hasn't moved all that much lately, and at it's current pace will take a *while* to get to 2%. Second, it's "base" effect, not "basis" effect... words matter. Can't see myself staying subscribed.

[@sensenisok]

Consuelo can't wait for this interview to end. Don't worry, were all dying. 😢

[@freeroamer9146]

"The economy is in good shape by every measure including housing"! Somehow I find that hard to believe! 😐

[@HelloWorld-hb7yt]

Wow for 9 days we have bull market. Ed called it

[@merchantsailor]

The bubble exists when no one sees it Ed Hyman take note.

[@thierry-le-frippon]

Fell asleep

[@spevman]

Sorry, but I gotta disagree with Ed here. There's NO WAY we're seeing SIX interest rate cuts next year. I think we'll probably only see 2 cuts of 25 basis points and that won't be until late 3rd or early 4th quarter next year. I think he's getting a bit long in the tooth here. Sorry, but from now on I think I'll be taking what he says with quite a few grains of salt.

[@vthomas2482]

😂😂

[@qake2021]

👍👍🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️✌️👏👏👏

[@albeit1]

It took time for money printing to fire up inflation. The opposite should also be true.

[@to2455]

“The economy is in good shape.. the consumer has a lot of cash.!!” and he is a leading economist.. bye bye..!!

[@coldflu]

Being an economist for central bank cartel is not a Rosie spot to be in.

[@char23c]

Would like to get input from one of your experts on how the millions of illegals that invaded our Country will impact the economy ?

[@aaron159r2]

They might help with service price deflation, assuming they have an incentive to work.

[@scheuermann11]

may increase "shrinkage" in retail space and fentanyl deaths

[@jjohnson5014]

Fun fact is they're not illegals when CBP lets them in

[@bleacherz7503]

If Ed is the best , the entire field is a joke

[@vthomas2482]

😂

[@LOSTmanONTHEINTERNET]

We isn't the best and the entire field is still a joke

[@royprovins7037]

Warren Buffett couldn't figure out what economists do

[@adriennef1770]

Better than Dave Rosenberg

[@user-qo8ik9ip5h]

Who said he was the best?

[@ednan9]

Its hard to understand this man - rents coming down is not good news- what did he says, its not good news for what? Farms

[@brianhollenbeck8633]

Happy Holidays 🕎☺️👑🌏🌎🌍💚@undwallace

[@krumw2]

Thanks!