In case you haven’t noticed, activity in the bond market is signaling higher interest rates, the stock market is wobbling, and yet all the economic numbers continue to look decent. But the definition of “decent” is relative. Our next guest says the economy has really been sleepwalking since the Great Recession and that perhaps it may be about to wake up.
Mike Switzer interviews Bruce Yandle, Dean Emeritus at the College of Business & Behavioral Science and Alumni Professor of Economics Emeritus, both at Clemson University. He is also the Distinguished Professor of Economics at George Mason University’s Mercatus Center which publishes his Economic Situation Report.