Bill Cheney of John Hancock Financial guest stars on the American Monetary Association show today to talk about economics. Bill has been a chief economist for the company John Hancock well over the past 27 years and talks a little bit about his experience and where he sees the financial market in the future.
2:30 – The current unemployment rate is understated because many people have their own solo-gigs or unsteady work.
9:25 – What Bill is seeing in his surveys are that people are more likely to invest and feel less concerned about today’s market.
12:58 – The stock market is not overvalued as long as company profits keep growing.
15:20 – Bill feels we are not a healthy economy yet, but we are a healing one.
21:00 – Over the years people have been able to buy more stuff, which is why inflation has been adjusted accordingly.
24:00 – The CPI is the best way to measure how much our lives have improved over the years.
Mentioned In This Episode:
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