{"href":"https://api.simplecast.com/oembed?url=https%3A%2F%2Fmoodys-talks-inside-economics.simplecast.com%2Fepisodes%2Fstrong-on-paper-lsZoGcFQ","width":444,"version":"1.0","type":"rich","title":"Strong on Paper","thumbnail_width":300,"thumbnail_url":"https://image.simplecastcdn.com/images/48d244e8-5815-45c1-9b60-b03aceaa2ad5/764215f2-3998-47c4-8a24-8c56dffe623f/bx22354-podcast-tiles-rebrand-series-inside-economics.jpg","thumbnail_height":300,"provider_url":"https://simplecast.com","provider_name":"Simplecast","html":"<iframe src=\"https://player.simplecast.com/98a73d7f-35b1-442a-8b11-1e3ac44136f3\" height=\"200\" width=\"100%\" title=\"Strong on Paper\" frameborder=\"0\" scrolling=\"no\"></iframe>","height":200,"description":"Big news: Mark became a grandpa, and unlike most data this week, this one won’t be revised. Mark, Marisa, Cris, and colleague Matt Colyar digest the bevy of data released this week, including GDP, PCE, spending, income, and the employment cost index. Mark makes the case for future weakness in spending and growth due to negative real incomes and low saving rates. The rest of the team points out what even a happy new grandpa may be missing: a labor market holding together with low layoffs and spending supported by wealthier households. While Mark is cautious on the economy, the outlook for his grandchild is the one forecast with no downside scenario."}