In this episode, CJ Gustafson interviews creator and writer Kyla Scanlon about the role of the Federal Reserve and its impact on the economy. They discuss the concept of the 'Vibecession' which refers to the disconnect between consumer sentiment and economic data. The conversation also touches on the Fed's communication strategies and the challenges of understanding and predicting market reactions. Kyla also gives her take on crypto and offers advice for content creators wanting to break through. Tropic is the next-generation Procurement Platform that’s helping modern CFOs take control of their budgets and bottom line, head to www.tropicapp.io/metrics.
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SPONSORS:
Tropic is the next-generation Procurement Platform that’s helping modern CFOs take control of their budgets and bottom line. By combining approval workflows, supplier management, and pricing benchmarks all in one place, Tropic makes savings opportunities easy to find and act on. ? Visit www.tropicapp.io/metrics to learn how.
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TIMESTAMPS:
(00:00) Intro
(00:50) Mailbag question - What are some early indicators that there could be underlying softness in my business?
(09:43) The Vibecession
(12:41) The new economic normal
(13:54) What does the Fed actually do day to day and why Kyla is so fascinated with it
(15:18) Tools in the Fed toolkit and their monetary mechanism
(17:14) Fractional banking and why makes the economy go faster
(19:24) Shooting up like a rocket, falling like a feather: non-linear changes in the economy
(22:55) How is unemployment rate calculated and the confusion on economic metrics
(26:17) What else is going on with the Fed that is influencing rates that that impacts tech world or the startup world?
(27:17) Sponsor - Tropic
(33:01) Kyla explains the reevaluation of labor
(34:58) Long-ass lightning round: Which chairman of the Fed do you think could do the most push ups in their prime?
(35:57) Jerome Powell and what type of lunch Kyla envisions he eats everyday
(37:14) Can crypto save people?
(41:16) Writers that Kyla respects and looks up to online
(42:31) Kyla's advice to people thinking about putting themselves out there publicly and creating content
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X / TWITTER:
@kylascan (Kyla)
@cjgustafson222 (CJ)
@TurpentineMedia (Turpentine)
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LINKS:
Kyla's Newsletter: https://kyla.substack.com/