What podcasts say about Thomas Purcelli

Every statement, with the speaker, the exact quote and the moment it was said.

What Thomas Purcelli has said on podcasts

10 statements · 1 positive · 5 negative · 2 mixed · 2 neutral

on ECI wage componentNegativeOct 17, 2026· Bloomberg Surveillance
The wage component of ECI is in negative territory and worse than total compensation.
“If you just did the wages part. of ECI, it looks meaningfully worse. In fact, it's in negative territory.”
Listen at 17:37
Open the episode · Bank Earnings, Why Consumers Are 'Roughed Up' & Real Estate Trends
on Wealth effect on consumer spendingPositiveOct 17, 2026· Bloomberg Surveillance
Positive wealth effects encourage consumers to draw down savings.
“that wealth effect, I think, is really emboldening people to basically feel comfortable dipping into saving”
Listen at 18:35
Open the episode · Bank Earnings, Why Consumers Are 'Roughed Up' & Real Estate Trends
on U.S. consumers' wealth effectMixedOct 17, 2026· Bloomberg Surveillance
Consumers remain supported by positive wealth effects despite underlying weakness.
“the consumer is still feeling pretty good on wealth effect.”
Listen at 19:13
Open the episode · Bank Earnings, Why Consumers Are 'Roughed Up' & Real Estate Trends
on U.S. quit rateNegativeOct 17, 2026· Bloomberg Surveillance
The quit rate is reported at 1.92%, its lowest level since 2015.
“the quit rate is 192%. I mean, you have to go back to 2015 to see a lower quit rate.”
Listen at 19:49
Open the episode · Bank Earnings, Why Consumers Are 'Roughed Up' & Real Estate Trends
on U.S. unemployment rateNegativeOct 17, 2026· Bloomberg Surveillance
The unemployment rate does not adequately capture underlying labor-market conditions.
“I don't think that's the right way of really capturing the sort of the underlying essence of what's happening in the labor market.”
Listen at 20:20
Open the episode · Bank Earnings, Why Consumers Are 'Roughed Up' & Real Estate Trends
on U.S. labor marketNegativeOct 17, 2026· Bloomberg Surveillance
The labor market is weaker than the unemployment rate suggests.
“I just don't think it's nearly as good as a lot of people would think if you're just looking at the unemployment rate.”
Listen at 21:11
Open the episode · Bank Earnings, Why Consumers Are 'Roughed Up' & Real Estate Trends
on U.S. household incomeNeutralOct 17, 2026· Bloomberg Surveillance
Increasingly, people rely more on investment income than wage income.
“more and more people are actually relying on investment income. more so than wage income.”
Listen at 22:12
Open the episode · Bank Earnings, Why Consumers Are 'Roughed Up' & Real Estate Trends
on Investment-dependent household incomeNegativeOct 17, 2026· Bloomberg Surveillance
Greater reliance on investment income increases household exposure to market movements.
“what that means is that you're more at the mercy of what happens from a market perspective.”
Listen at 22:23
Open the episode · Bank Earnings, Why Consumers Are 'Roughed Up' & Real Estate Trends
on Bond yieldsNeutralOct 17, 2026· Bloomberg Surveillance
Bond yields now have a higher floor.
“I think there's a new floor. underneath yields.”
Listen at 23:32
Open the episode · Bank Earnings, Why Consumers Are 'Roughed Up' & Real Estate Trends
on Bond yieldsMixedOct 17, 2026· Bloomberg Surveillance
Rising yields are not inherently harmful; their cause determines their significance.
“yields rising in and of itself is not a bad thing. It's the reason. It's the reason that matters.”
Listen at 23:45
Open the episode · Bank Earnings, Why Consumers Are 'Roughed Up' & Real Estate Trends

Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.