What podcasts say about Tom Porcelli

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

What Tom Porcelli has said on podcasts

10 statements · 2 positive · 6 negative · 1 mixed · 1 neutral

on U.S. real wages excluding benefitsNegativeOct 17, 2026· Bloomberg Intelligence
Real wage growth excluding benefits is negative.
“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 Household wealth effectPositiveOct 17, 2026· Bloomberg Intelligence
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. quit rateNegativeOct 17, 2026· Bloomberg Intelligence
The quit rate is reported at 1.92%, its lowest 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 Intelligence
The unemployment rate alone does not adequately capture 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 Intelligence
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 Intelligence
More people are relying on investment income rather 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 income relianceNegativeOct 17, 2026· Bloomberg Intelligence
Greater reliance on investment income increases exposure to market outcomes.
“you're more at the mercy of what happens from a market perspective.”
Listen at 22:24
Open the episode · Bank Earnings, Why Consumers Are 'Roughed Up' & Real Estate Trends
on Long-term investment horizonPositiveOct 17, 2026· Bloomberg Intelligence
A sufficiently long investment horizon reduces concern about market swings.
“I'm very comfortable knowing that my time horizon is sufficient where I'm not all that bothered by market swings.”
Listen at 23:01
Open the episode · Bank Earnings, Why Consumers Are 'Roughed Up' & Real Estate Trends
on Bond yieldsNegativeOct 17, 2026· Bloomberg Intelligence
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 Intelligence
Rising yields are not inherently harmful; their cause determines the effect.
“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.