Slate Money Elon Backs Off
24 snips
May 24, 2025 Julian Sanchez, co-host of the Watchcats podcast and a Dogecoin expert, joins the discussion. He dives into Elon Musk's recent retreat from government influence and the implications for Dogecoin's future. The talk shifts to how Musk's chaotic strategies have impacted both the federal government and economic policy. They also tackle the unexpected social dining dilemmas brought on by GLP-1 medications, exploring how these changes affect group dinners and restaurant culture.
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Budget Bill Explodes Deficit
- The passed budget bill cuts Medicaid heavily but extends and adds expensive tax cuts.
- Overall, it increases the deficit by outweighing cuts with bigger tax reductions.
Bond Yields Reflect Dual Causes
- Rising US Treasury yields reflect both domestic deficit fears and global rate trends.
- Market concerns combine fiscal risks and international policy uncertainties.
Deficits Don’t Suit High Inflation
- High inflation plus strong growth is the wrong time for deficit spending.
- Fiscal restraint is needed now; tax cuts contradict that need.
