Eric Basmajian: Why the Stock Market is Wrong About the Economy

Interview recorded - 14th of July, 2026On this episode of the WTFinance podcast I had the pleasure of welcoming back Eric Basmajian. Eric Basmajian is the founder of EPB Research, an independent economic research firm whose work is read by over 250,000 people and used by pension funds, hedge funds, and manufacturers globally.During our conversation we spoke about his overview of the economy, government debt increasing, why markets are skyrocketing while the average consumer struggles, employment and more. 0:00 - Introduction1:33 - Overview of the economy6:26 - Government debt increase8:46 - Consumer credit9:49 - Concentration of profits11:36- Withdrawal of globalisation 15:09 - Margins drop then job cuts23:09 - Employment data26:21 - Market impact30:40 - People gotten wrong?35:30 - One message to takeaway?Eric Basmajian is an economic cycle analyst providing research on long-term and short-term trends in growth and inflation. With a degree in economics and experience at a quantitative hedge fund, Eric has developed a unique secular and cyclical framework to forecast major economic inflection points and the resulting impact on asset prices.Eric holds a bachelor’s degree in economics from New York University. Eric started on the buy-side of the financial sector, as an analyst with Panorama Partners, a quantitative hedge fund specializing in algorithmically scanning for mispriced equity derivatives.Eric Basmajian - Website - https://epbresearch.com/Twitter - https://twitter.com/EPBResearchYouTube - @EPBResearch LinkedIn - https://www.linkedin.com/in/eric-basmajian-32614116a/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas