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March 18, 2021 20 min

Will stagnation follow the Biden Boom?  So asks New York Times columnist (and Nobel memorial prize winner) Paul Krugman. Jeff Snider listens and reacts to Krugman's lament that, though the relief bill is done, recovery may be harder.


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----EPISODE #57 TOPICS----
00:01 Paul Krugman, NYTimes columnist, believes the Biden stimulus will not be enough
02:31 Will a stimulus bill with a huge sticker price be enough to overcome "Secular Stagnation"?
05:28 A growing consensus of economists believes the last decade may not have been very good
08:18 Bond markets are not signaling the recovery has been very good so far
12:09 What is the solution to secular stagnation?
15:38 There is agreement that the economy is very unhealthy, stimulus may not be enough


--------REFERENCES--------
Will Stagnation Follow the Biden Boom?: https://nyti.ms/2OtQ5pK
Alvin Hansen and Secular Stagnation: https://bit.ly/2NkJUns
Hey Kid, Want Some Communism? : https://youtu.be/bKHzn2UaqLU
Communism - Don't Call it a Comeback: https://youtu.be/FhBQhRLmTQc
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7


---------WHO-----------
Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski, now hiring interns at below-market rates. Art by David Parkins, on an errand, sent by grocery store clerks, to collect a bill. Podcast intro/outro is "Cool Cat Stumble" by T. Morri at Epidemic Sound.

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