Bloomberg Surveillance Single Best Idea with Tom Keene: David Rosenberg & Michael McKee
10 snips
Aug 20, 2025 Dive into the current economic landscape as experts analyze the impact of interest rates and inflation on businesses and consumers. Discover the political dynamics at play ahead of a key Federal Reserve speech, and how these tensions relate to disinflationary trends and technology investments in AI. Plus, hear about the hurdles startups face in securing funding and achieving product-market fit in a rapidly evolving market, and how innovative tools are helping them navigate security and compliance challenges effectively.
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Economy Running On Stall Speed
- David Rosenberg sees the U.S. economy running at stall speed with growth barely above 1% annualized.
- He argues AI-related tech spending is the main growth underpinning and without it the economy would be in recession.
Slower Growth Drives Disinflation Hopes
- Rosenberg expects disinflationary forces to appear as growth slows further.
- He frames the weak growth and easing inflation as linked and likely to shape Jackson Hole discussions.
Jackson Hole: Scripted Plans And Surprises
- Tom Keene previews Jackson Hole as a mix of scripted appearances and unpredictable events that can change the narrative.
- He points to European officials flying in to support Powell and expects surprises during the meeting.