In today’s ever-changing business landscape, understanding the economy, national debt, and their impact on your trade is a crucial tool. On this episode of Paychex THRIVE, former Federal Reserve economist, Bloomberg columnist, and founder of Sahm Consulting, Claudia Sahm, offers valuable insights to help listeners navigate the complexities of the U.S. economy. She discusses its key aspects, ranging from the role of treasury securities and national debt to the impact of fiscal policies on national economic health. Learn about the unique credibility of U.S. debt securities and how international demand for these assets bolsters the nation's ability to manage its rising national debt sustainably.
Topics include:
00:00 – Welcome Claudia Sahm
01:14 – Introduction to Claudia Sahm's background and work history
03:14 – Discussion on the U.S. economy and national debt
04:36 – Importance of focusing on tax and spend policies
06:58 – Claudia’s perspective on the sustainability of government deficit
09:13 – Considerations for future economic policies
11:31 – Discussion on the size of the federal government as it relates to the national debt
13:03 – Importance of reliable government data
14:02 – Claudia’s advice on utilizing data in decision-making
16:02 – Importance of regional and industry-specific data
17:31 – Key metrics to track for understanding the economy
19:15 – The influence of the labor market and consumer spending on the economy
20:25 – Weighing government data against private sector data
21:20 – Discussion on data sources
23:50 – Economic forecast for the near future
28:41 – Influence of presidential elections on the economy
32:23 – Wrap up
DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
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