The “Grumpy Economist” on Growth, Tariffs, and the Fed
John H. Cochrane, aka The Grumpy Economist, discusses the US economy and the role of the Federal Reserve, as well as inflation, tariffs, energy, and whether a global sovereign debt crisis is imminent.
Disclosures
UNITED STATES
Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission.
CANADA
November 2025: This material is issued by Dimensional Fund Advisors Canada ULC (Dimensional Canada) for educational purposes only, should not be construed as investment advice or an offer of any security for sale and does not represent a recommendation of any particular security, strategy or investment product. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The opinions expressed herein represent the personal views of the speaker and not necessarily those of Dimensional Fund Advisors LP or its affiliates, and they are subject to change continually (including due to changes in the law) and without notice of any kind.
Professor John Crochrane is not affiliated with Dimensional Fund Advisors.
Eugene Fama is a member of the Board of Directors of the general partner of, and provides consulting services to, Dimensional Fund Advisors LP.
Dimensional does not trade in physical gold assets and therefore may have a conflict of interest in suggesting that it is unwise to do so. Any such statements are statements of opinion. This discussion is not intended, and should not be construed as, commodity trading advice. Dimensional Fund Advisors LP is not registered, and does not hold itself out to the public, as a Commodity Trading Advisor and only provides commodity trading advice to certain clients in reliance on certain exemptions from registration, including Section 4m(1) of the Commodity Exchange Act.
Dimensional does not trade in cryptocurrencies or their derivatives and therefore may have a conflict of interest in suggesting that it is unwise to do so. Any such statements are statements of opinion. This discussion is not intended, and should not be construed as, commodity trading advice.
This content is distributed for informational purposes, and it is not to be construed as an offer, solicitation, recommendation, or endorsement of any particular security, products, or services. This information is not meant to constitute investment advice.
Investing involves risks. Risks include loss of principal and fluctuating value.