Economic Insights: Ed Hyman's Annual Forecast [2024]

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Published 2023-12-08

Annually, the anticipation for economist Ed Hyman's insights peaks as he's consistently ranked Wall Street's top economist for 43 years. Last year, he tracked the Federal Reserve's tightening policies, predicting a slowdown in inflation and warning of a potential recession if credit conditions tightened further.
#investingstrategy #inflation #recession

WEALTHTRACK episode 2024 broadcast on December 08, 2023

00:00 Hello
00:50 Introduction
02:40 Interview with Ed Hyman
22:05 One Investment
24:00 Action Point

More Info: wealthtrack.com/wall-streets-longtime-1-economist-…

Bookshelf: Leadership: Six Studies in World Strategy
amzn.to/48cxEsZ

All Comments (21)

@michaelswami 6 months ago

Always a delight. Two of my favorite people chatting.
@ac2329 6 months ago

Enjoyed your show for years great guests Ed is the best
@KK-pm7ud 6 months ago

Thank you for bringing on Ed again
@merchantsailor 6 months ago

Ed Hyman is a national treasure to investors, Happy Holidays to your program and Ed Hyman.
@chessdad182 6 months ago

Fine show. Predicting the future isn't easy. I'm on the optimistic side. Advances in AI should lead to productivity boosts and higher GDP at lower costs.
@scipioafricanus4875 6 months ago

Thanks!
@juannunez7045 6 months ago

been listening to you I don't know too long since nightly business news on pbs anyways love all you have done for us
@gordonsteen8415 6 months ago

"The New York Fed's quarterly Household Debt and Credit Survey (HHDC) shows that total consumer debt stands at $17.29 trillion as of the third quarter of 2023. That's a record high." A breaking point? Rates on consumer debt?
@petecheng1 6 months ago

very logical person.
@nicholas5396 6 months ago

"It's lovely to know when there's recession. I don't remember anybody predicting 1982 we're going to have 14 percent inflation, 12 percent unemployment, a 20 percent prime rate, you know, the worst recession since the Depression. I don't remember any of that being predicted. It just happened. It was there. It was ugly. And I don't remember anybody telling me about it. So I don't worry about any of that stuff. I've always said if you spend 13 minutes a year on economics, you've wasted 10 minutes." ~ Peter Lynch
@jw8578 6 months ago

Interest rates aren't lowering inflation as much as supply chain correcting itself after covid.
@joycekoch5746 6 months ago

Rents are slowing ...where ? in Kentucky or Tyroneville?
@Blair62 6 months ago

What is the WealthTrack theme music?
@randomdude7384 6 months ago

So, BlackRock are right about the AI mega force? Tfw didn't buy Nvidia at $200.
@mehawinct 6 months ago

Two errors in the first five minutes! First, CPI-U was 3.2 at the end of October, but the Fed doesn't prefer that measure... it focuses on CPE, and that's at 3.5% YoY -- but PCE hasn't moved all that much lately, and at it's current pace will take a while to get to 2%. Second, it's "base" effect, not "basis" effect... words matter. Can't see myself staying subscribed.
@jonathanmagic5633 6 months ago

If you visit Australia make sure you get a haircut first as our Reserve Bank Boss says haircuts and visits to the dentist are causing a spike in inflation - Not Joking, lol.
@sensenisok 6 months ago

Consuelo can't wait for this interview to end. Don't worry, were all dying. 😢
@freeroamer9146 6 months ago

"The economy is in good shape by every measure including housing"! Somehow I find that hard to believe! 😐
@HelloWorld-hb7yt 6 months ago

Wow for 9 days we have bull market. Ed called it
@spevman 6 months ago

Sorry, but I gotta disagree with Ed here. There's NO WAY we're seeing SIX interest rate cuts next year. I think we'll probably only see 2 cuts of 25 basis points and that won't be until late 3rd or early 4th quarter next year. I think he's getting a bit long in the tooth here. Sorry, but from now on I think I'll be taking what he says with quite a few grains of salt.