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Podcast: Money Life with Chuck Jaffe
Episode: EY's Daco on why 'historic shocks' and polarization haven't derailed the economy
Description: Greg Daco, chief economist at EY, says the economy has been dealing with historic and conflicting economic shocks, but if it can continue the current capital investment cycle and see the productivity gains promised by artificial intelligence, it should be able to remain resilient in pushing past wobbles and weakness. Daco, who currently serves as the president of the National Association for Business Economics, discusses his concerns that growing polarization between different consumers and businesses are increasing the fragility of what he calls "the A pillars of economic growth" — affluent consumers, A.I. investment and asset-price appreciation economic growth — and...