The MeidasTouch Podcast Trump Has Terrible Friday as He Gets Awful News on Everything
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Oct 17, 2025 A rough Friday for Trump unfolds with Ben Meiselas reviewing his plummeting economic approval. Concerns about regional bank failures and systemic risks echo the 2008 crisis. The impact of tariffs on small businesses comes into focus, showcasing how costs have soared for companies like Village Lighting. As China fills the diplomatic void left by the US, Ben critiques the government's economic strategies and Trump’s questionable negotiation claims. The episode wraps up with thought-provoking insights into political narratives and rising tensions.
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Broad Economic Strain Under Current Administration
- Ben Meiselas argues the Trump administration's policies are degrading the U.S. economy across multiple sectors.
- He links rising costs, insurance spikes, and bank stress to systemic failures under Trump.
Multiple Financial 'Traps' Echo 2008 Risks
- Meiselas compares today's multiple financial stress points to the 2007–2009 housing collapse, calling them interconnected traps.
- He warns the risks now span mortgages, auto lending, and regional bank disclosure issues.
China Filling Diplomatic Vacuums
- Meiselas notes China is reopening dialogue with other countries while U.S. foreign policy under Trump appears confrontational.
- He suggests China is filling diplomatic and market gaps the U.S. is ceding.