Bloomberg Surveillance Single Best Idea with Tom Keene: Jason Furman & Wendy Schiller
Feb 20, 2025
Dive into the current economic landscape with insights on GDP, consumer spending, and business investment. Discover the challenges presented by high interest rates and global trade uncertainties. Explore the intriguing parallels between U.S. and European political dynamics, highlighting single-party dominance and rapid policy changes. Gain valuable perspectives from recent discussions with key political figures. It's a fascinating blend of economics and politics that sheds light on the future.
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Investment Volatility
- Business investment drives GDP fluctuations more than consumer spending, despite being a smaller percentage.
- High interest rates, a strong dollar, and trade uncertainty hinder investment, countered slightly by deregulation in some sectors.
Shifting Political System
- The US is shifting towards a European-style parliamentary system under the second Trump administration.
- This change involves swift policy shifts based on single-party dominance, requiring adaptation.