Below is our world-renowned Demographer Neil Howe's latest weekly podcast. Neil discusses newsworthy market events that will prove the most timely, topical and consequential in the week ahead.

He talks through the news looming largest on his radar screen to keep your investing laser focused and confident. This free webcast compliments his in-depth research product Demography Unplugged.


NEW PODCAST: Stimulus Outlook and Final Stretch of 2020 Election - demoimage

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In this latest issue of my weekly podcast, we discuss the current state of the market. The S&P 500 is closing in on its previous high of 3386.15 on February 19, 2020. This is despite the biggest and fastest hit to global production and employment in history.

So why are equities so buoyant? Well, let's start with nearly $3 trillion in liquidity added to the Fed's balance sheet plus another nearly 3$ trillion added thus far this year in deficit spending. This has kept asset values stable and disposable personal income rising. Right now, the expectations are that the fiscal stimulus--though temporarily interrupted last week--will very shortly recommence since the American public wants it and neither political party wants to be blamed for stopping it.

It is also expected that the pandemic, which came back to life in July, will abate in the near future and that we won't get a big second wave in the fall. Meanwhile, by nailing the yield curve to the floor and promising to keep it there for a couple of years, the Fed is reassuring investors that the return on low-risk assets will be near-zero… no better than holding cash. And with the rest of the world in roughly the same shape, where else are investors supposed to turn?

Yes, there are scenarios--economic, political, and geopolitical--that could derail this outlook. And we'll be looking at them in future podcasts.

But not in this podcast. This time, we're going to replay my conversation yesterday with JT Taylor, Hedgeye's Chief Political Strategist, on stimulus and the 2020 elections. 

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Neil Howe is a renowned authority on generations and social change in America. An acclaimed bestselling author and speaker, he is the nation's leading thinker on today's generations—who they are, what motivates them, and how they will shape America's future.

A historian, economist, and demographer, Howe is also a recognized authority on global aging, long-term fiscal policy, and migration. He is a senior associate to the Center for Strategic and International Studies (CSIS) in Washington, D.C., where he helps direct the CSIS Global Aging Initiative.

Howe has written over a dozen books on generations, demographic change, and fiscal policy, many of them with William Strauss. Howe and Strauss' first book, Generations is a history of America told as a sequence of generational biographies. Vice President Al Gore called it "the most stimulating book on American history that I have ever read" and sent a copy to every member of Congress. Newt Gingrich called it "an intellectual tour de force." Of their book, The Fourth Turning, The Boston Globe wrote, "If Howe and Strauss are right, they will take their place among the great American prophets."

Howe and Strauss originally coined the term "Millennial Generation" in 1991, and wrote the pioneering book on this generation, Millennials Rising. His work has been featured frequently in the media, including USA Today, CNN, the New York Times, and CBS' 60 Minutes.

Previously, with Peter G. Peterson, Howe co-authored On Borrowed Time, a pioneering call for budgetary reform and The Graying of the Great Powers with Richard Jackson.

Howe received his B.A. at U.C. Berkeley and later earned graduate degrees in economics and history from Yale University.