Full Video
Timestamps:
00:00 Introduction by moderator Jeff Sherman.
00:56 Panelist introductions: David Rosenberg, Jim Bianco, Jeffrey Gundlach, Charles Payne, and Danielle DiMartino Booth.
02:13 David Rosenberg discusses the quality of government data and the “K-shaped” economy.
03:59 Rosenberg analyzes ISM manufacturing data and the divide between the consumer and capital spending.
06:47 Rosenberg on the “no hire, no fire” labor market dynamic.
10:08 Jim Bianco discusses the impact of immigration and population growth on labor supply and economic modeling.
16:57 Danielle DiMartino Booth on underemployment, the white-collar job market, and falling unit labor costs.
21:31 Charles Payne on the paradigm shift of AI, “jobless prosperity,” and the wealth divide.
27:43 Jeffrey Gundlach on the divergence of leading economic indicators, housing affordability issues, and interest rate behavior.
36:18 Discussion pivots to the Federal Reserve and administration pressure to cut rates.
37:14 Rosenberg forecasts 6% unemployment and a 2% Fed funds rate by year-end.
56:09 Jim Bianco on the changing dynamics of Fed independence and the upcoming search for a new Fed Chair in May.
01:02:19 Danielle DiMartino Booth on the theoretical possibility of Jay Powell remaining as FOMC Chair despite a new Fed Chair appointment.
01:04:25 Closing remarks for the segment.
The impact of immigration and population growth on labor supply and economic modeling
The changing dynamics of Fed independence and the upcoming search for a new Fed Chair