Unhedged Make America Gyrate Again
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Mar 13, 2025 The hosts explore the chaotic effects of Trump's tariff announcements on the U.S. economy. They discuss how political uncertainty is impacting market perceptions, particularly regarding the stability of the dollar. Inflation and the Fed's challenges in navigating monetary policy take center stage. Amidst all this, there's a lighthearted glimpse into their vibrant experiences in Madrid and its culinary delights. Their lively discussion captures the intersection of politics and market dynamics, leaving listeners both informed and entertained.
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Hard Data vs. Soft Data
- Current US economic data presents a dichotomy: negative "soft" data (sentiment) versus positive "hard" data (actual economic activity).
- It's unclear which type of data will ultimately prevail and influence future spending.
Goldman Sachs Forecasts
- Goldman Sachs lowered US growth forecasts and raised European forecasts.
- The downgrade is attributed to tariffs.
Tariff Uncertainty
- Upcoming corporate reporting will be challenging due to tariff uncertainty.
- Companies, as planning mechanisms, struggle when their ability to forecast is hampered.