Real-Time with Jordi Visser & Ed Hyman

Jordi Visser

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During this special edition of Real-Time with Jordi Visser, Jordi and Ed Hyman from Evercore ISI follow up on last year's fireside chat. Here, they discuss their current market views ahead of the Fed Meeting on Wednesday (September 21st). Last year in September Jordi and Ed met to talk about why they both thought inflation was not transitory. In this conversation, they talk about why they both believe inflation has peaked and will be coming down in the coming months. They also compare views on the current investor sentiment.

Key Points:

  • Jordi and Ed disagree on the extent to which M2 will continue to grow. They discuss the recent increase in M2 and the effects of slowing money growth on financial assets.
  • The two thinkers discuss key differences between prior inflation and housing crises. Unlike past regimes, we currently have an abundance of job supply and a lack of housing supply. This is different than prior periods and could prevent destabilization.
  • Jordi and Ed discuss recent biological and technological innovations that make the current regime unique. Within this discussion, they cite the blockchain and CRISPR as key transformations that could increase the speed of change for years to come.

About These Videos: Our market videos seek to provide a data-focused interpretation of the market's most critical developments. Real-Time with Jordi Visser is a recurring series produced by our President and CIO based on his macro views. The purpose of his series is to isolate macroeconomic indicators ("green marbles") that are telling the true story of the market, rather than relying on the narratives or stories often portrayed as news. Jordi is a unique thinker and tends to publish these videos during market dislocations/regime shifts when he sees areas where his views differ from consensus sentiment.

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