September 28, 2023· 47 min

The Real Pain From Rate Hikes May Still Be on the Way

Julia Coronado

Orality

Model

71%

Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostTracy Alloway(2,175 words)

M:93%

HostJoe Weisenthal(1,505 words)

M:29%

GuestJulia Coronado(4,407 words)

M:27%

Oral Indicators

Agonistic30%

literally, completely, amazing

Engagement66%

you, our, your

Memory Aids100%

listen, now, see

Repetition100%

like (97x), know (88x), it's (59x)

Parallelism67%

And I'm Tracy Alloway...., And now we're in Austin, Texas..., But controversial opinion, but...

Sound Patterns65%

59 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases7%

let me tell you, you know what, i mean

Literate Indicators

Hedging10%

quite, could, maybe

Passive Voice4%

was when, be based, is supposed

Abstract Nouns19%

investment, recommendation, conversation

Subordination9%

though, although, because

Sentence Length37%

Avg: 14.2 words/sentence

Word Complexity47%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style34%

597 personal pronouns found

Descriptive Style82%

literally, completely, lately

Description

The Federal Reserve has hiked rates in rapid fashion, yet the evidence of their impact is scarce. Inflation is still hot (though it has come down quite a bit.) The unemployment rate remains very low. And economic growth appears to be robust. So does this mean that higher rates aren't significant? Or could it be that their impact has simply yet to be felt, and that it's still coming. On this episode, our guest argues the latter case that due to lags, we really haven't felt the pain from rate hikes yet. Julia Coronado, is the founder, CEO and president of Macro Policy Perspectives, as well as a Clinical Associate Professor of Finance at the University of Texas McCombs School of Business. She argues that we really haven't felt the credit effects yet from higher rates, but that they're on the way. In particular, we discuss the delayed impact on commercial real estate and other areas of the economy where debt may have been termed out, but will eventually need refinancing. See omnystudio.com/listener for privacy information.

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