AMA 94 - Bill Cheney of John Hancock Financial

Bill Cheney of John Hancock Financial guest stars on the American Monetary Association show today to talk about economics. Bill has been a chief economist for the company John Hancock well over the past 27 years and talks a little bit about his experience and where he sees the financial market in the future.    Key Takeaways: 2:30 – The current unemployment rate is understated because many people have their own solo-gigs or unsteady work.  9:25 – What Bill is seeing in his surveys are that people are more likely to invest and feel less concerned about today's market. 12:58 – The stock market is not overvalued as long as company profits keep growing. 15:20 – Bill feels we are not a healthy economy yet, but we are a healing one.  21:00 – Over the years people have been able to buy more stuff, which is why inflation has been adjusted accordingly.  24:00 – The CPI is the best way to measure how much our lives have improved over the years.       Mentioned In This Episode: http://americanmonetaryassociation.org/ http://jasonhartmanfoundation.org/ www.johnhancock.com/    The $100 Startup by Chris Guillebeau