On Today’s Macrocast, Stratton Kirton, managing director at Penta, joins Brendan and John of Markets Policy Partners to discuss the latest developments in the domestic and global economy. The group starts by examining the current state of the U.S. retail market, noting that the pandemic trend of a preference for services and experiences over goods persists. The group also previews some of the retail sales trends likely to occur during the holiday shopping season.
Stratton, John, and Brendan also discuss the latest in the crypto industry, including the current perception of the sector in D.C. and how regulators may handle crypto in the coming months. The conversation ends with a section about the state of the global economy following the COP27 and G20 meetings.