Unhedged Can anything stop the US economy?
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Jun 26, 2025 Markets are thriving despite global tensions. The hosts discuss the surprising strength of the U.S. economy, fueled by AI investments and resilient consumer behavior. They navigate potential challenges like rising debt and high-interest rates while balancing optimism and pessimism in economic forecasts. Personal anecdotes about grocery shopping add humor, especially the spontaneous purchase of exotic fruits like guavas. The conversation wraps up with intriguing insights on a skeptical view of Citigroup's investment predictions.
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US Economy Defies Rate Hikes
- The U.S. economy remained resilient despite rapid interest rate hikes and crises like Silicon Valley Bank's failure.
- It avoided high unemployment and kept producing strong economic activity throughout inflation and tightening cycles.
AI Boom Supports Markets
- The AI boom surprisingly sustained stock markets and corporate spending despite initial fears of a bubble burst.
- Expectations of cutbacks in data center budgets were proven wrong with continued heavy investment.
Market Sentiment Hits Low
- Market sentiment hit near historic lows across political and socioeconomic groups during Trump's election and tariff imposition.
- CEO and corporate surveys showed bleak business expectations, signaling underlying economic concerns.