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US Manufacturing Renaissance Occurring in Midwest – Pippa Malmgren
TND Podcast Spotlight: Wall St for Main St |
Jason Burack of Wall St for Main St interviewed ph.D economist, author and economic expert Pippa Malmgren founder of DRPM Grouphttp://www.drpmgroup.com/
Pippa’s full bio can be found here: http://en.wikipedia.org/wiki/Pippa_Ma…
Her company, DRPM Group, consults for hedge funds, high net worth individuals and families, sovereign wealth funds and other high net worth entities.
During this 30+ minute interview, Jason asks Pippa about the macroeconomic situation and if it’s normal for stocks, bonds, real estate in major cities and other assets like fine art, diamonds, etc to all rise at the same time.
Pippa says this is not common but it’s being caused by many central banks flooding the global economy with easy money and credit. Jason and Pippa discuss the Wealth Effect quantitative easing programs and whether it’s really helped anyone on Main St.
Pippa and Jason talk about the velocity of money and Jason says using the Keynesian framework the velocity of money falling off a cliff proves all the Keynesian remedies for stimulating economic growth have failed.
Pippa thinks central banks are not accurately measuring the real velocity of money and she provides real world examples from her new book Signals and how she has helped consulting clients find new ventures or small businesses to loan or invest equity capital into on crowd funding websites like Kick Starter and Indiegogo.
Jason and Pippa talk about how technology and Silicon Valley has helped prevent the US economy from already collapsing.
Pippa thinks the US Midwest is getting back a lot of automated manufacturing jobs.
Jason and Pippa discuss what types of skills are required to get a high paying full time job now and what new skills may be required going forward.
Finally, to wrap up the interview Pippa talks about how she sees inflation now, much worse inflation coming and how people should best adapt to this type of economic environment.
Pippa also spends a few minutes summarizing her new book coming out called Signals, which goes on sale in a few weeks and will also be available on audio book.
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About Wall Street From Main StreetSource: http://thenewsdoctors.com/us-manufacturing-renaissance-occurring-in-midwest-pippa-malmgren/
