David Levy

David Levy, Chairman of the Jerome Levy Forecasting Center, shares his insights on the changing landscape of recessions and balance sheets. He discusses how massive private sector debts and assets can swamp income fluctuations, making traditional recessions less common. The conversation delves into the Federal Reserve's challenges in stimulating growth without exacerbating debt, and how risky financial behavior has evolved in today’s economy. Levy highlights the delicate balance required to navigate this new financial reality.