The link between money supply and inflation breaks - Blu Putnam joins Alpha Trader

This week’s Alpha Trader podcast features hosts Aaron Task and Stephen Alpher talking with Blu Putnam, chief economist at CME Group.Among the topics covered:Making sense of the continued decline in long-term yields even as inflation surgesWhy we’ve probably already seen the peak in economic growth for this recovery cycleA defense of the Fed’s “transitory” inflation argumentAlternative data sources like international travel numbers, sports attendance, and restaurant seating might give the first clue about how the Delta variant affects the growth outlookWhy modern banking means the link between the money supply and inflation has been irrevocably broken, and ...Why 70s-style wage-push inflation isn’t an issue in today’s digital economyLinks of interest:What does the bond market know as 10-year yield tumbles10-year Treasury yield drops below 1.2% for first time since FebruaryListen to or subscribe to Alpha Trader on these podcast platforms:Apple PodcastsSpotifyGoogle PlayStitcherLearn more about your ad choices. Visit megaphone.fm/adchoices