September 3, 2020· 60 min
Paul McCulley: We Are "Unambiguously" On The Verge Of A Profound Change In The Economy
Orality
Model
87%
Highly oral (epic poetry, sermons, hip-hop)
Speaker Breakdown
HostJoe Weisenthal(1,523 words)
M:94%
HostTracy Alloway(838 words)
M:29%
GuestPaul McCulley(5,233 words)
M:28%
Oral Indicators
Agonistic42%
crazy, absolutely, obviously
Engagement62%
you, our, your
Memory Aids100%
listen, so, now
Repetition100%
think (73x), policy (45x), like (43x)
Parallelism95%
So why would I pay for stuff I..., And I'm Tracy Alloway...., But No....
Sound Patterns44%
37 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases7%
at the end of the day, i mean, if you will
Literate Indicators
Hedging8%
could, maybe, quite
Passive Voice8%
was used, is rooted, are created
Abstract Nouns29%
investment, business, verizon.com/business
Subordination10%
though, therefore, because
Sentence Length53%
Avg: 18.2 words/sentence
Word Complexity52%
investment, analyze, anticipate
Academic Markers4%
theoretical framework
Impersonal Style38%
519 personal pronouns found
Descriptive Style100%
exactly, apply, monthly
Description
Paul McCulley is a former Managing Director at PIMCO and a legend of the industry, having helped coin phrases such as "shadow banking" and the "Minsky moment." On this episode, we discuss the history of economic policy ideas, starting with the monetary and supply side revolutions roughly forty years ago, and how they've dominated thinking until today. But the break is coming. He says that we are "unambiguously" on the verge of a profound change to a more democratically managed economy (one more driven by fiscal policy), a change that will have significant changes for the real economy as well as markets and portfolio management. See omnystudio.com/listener for privacy information.