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Here’s the latest in our series of interviews with the authors of interesting and important new books on economics, politics and investing. In it, Pippa Malmgren – a global strategist and former economics advisor to President George W. Bush – talks about “Signals”, her book about the challenges facing the global economy today both on a state level (China, Russia, the US) and for households. In both cases the tensions that are emerging might be blamed on central banks for allowing consumer prices to rise but wages to stagnate. The “signals” she refers to can help us to spot global trends way ahead of the official statistical data: “shrinkflation”, when companies keep prices steady but reduce the size of the goods, being just one example. This is a topic we’ve thought about a lot, and as always I’d like to provide a link here to our seminal academic paper on the number of “feet” in a packet of Monster Munch.
You can watch Pippa’s video below. This, and all of our other author interviews (including Adair Turner, TV’s Ed Conway, and Martin Ford) can also be found on our YouTube channel.