#2625: CANV League Economist Shares How Record-High Deposits Impacting Inflation...

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Watch the clip above and be sure to check out the full episode located below the show notes.

Everybody's talking about inflation today. So when we get a chance to dive into the root of what's going on, we jump at the chance to share it with you. And so we did.

Robert Eyler, independent economist (California and Nevada Credit Union Leagues), professor for Sonoma State University, and a long-time board member of Redwood Credit Union, joined us on the show to share his insights on how today's record-high deposits are playing a significant role in economic growth and inflation.

Robert discussed what this impact means to consumers -- especially as worker wages increase and cost of goods like rise. And he divulged whether this trend is with us in the short term or the long run.

He also explains why local deposits may be driven higher as credit union members consider saving more money to combat rising inflation expectations -- a situation that defies traditional financial logic.

In addition, Robert shares how many credit unions and their local members are still navigating the transition out of a COVID-19 pandemic economy. He explains how this transition impacts their borrowing and savings habits as the economy continues to grow -- calling this situation a mismatch.

Lastly, Robert provides a few economic statistics to illustrate what's currently going on in today's economy.

Check it out and let us know your thoughts. And be sure to watch the entire interview below for all the details.