Many Happy Returns

100 Days Down: Making Sense of Trump's Market Shockwaves, with Katie Martin

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Apr 30, 2025
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INSIGHT

Trump's Market Shock Surprises All

  • Trump's first 100 days defied market expectations, causing a complete reversal of optimism about the US economy.
  • Markets now question the safe haven status of US debt and the dollar, with Europe outperforming the US.
INSIGHT

Eroding Trust in US Treasuries

  • Trust in US Treasuries is eroding due to threats of conditional terms for holders.
  • German bunds are emerging as a safer alternative despite increased issuance.
INSIGHT

EU Eyes Bigger Financial Role

  • The EU sees an opportunity to strengthen its role in global finance by increasing joint debt issuance.
  • Despite challenges, the EU is likely to innovate and fudge solutions under pressure to succeed.
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