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Here are links to the episodes, for anyone interested.

April 2025 interview: https://podcasts.apple.com/us/podcast/some-of-americas-most-...

August 2025 interview (after BLS head statistician was fired): https://podcasts.apple.com/us/podcast/bill-beach-on-how-trum...

Some notes and a transcript: https://www.crisesnotes.com/bloomberg-odd-lots-podcast-trans...

Would also recommend the Moody's Talks podcast led by Mark Zandi, the Moody's Analytics chief economist. He's been more or less talking about this for months now and sounded the alarm much earlier than others about this prospect.

I second this. Probably my favorite podcast right now. Interestingly, I admire Mark's guts to make somewhat bold calls early, but I trust the co-hosts' (Marissa, Chris, and Dante) takes a bit more for some reason.

What was the TLDR and main points?