Rebel Capitalist News Consumer Confidence Plummets, Trump Has New Crypto Coin, Shocking Housing Data
13 snips
Mar 26, 2025 Chris Irons, a macroeconomics and finance expert, joins to discuss the startling drop in consumer confidence and its correlation with historical economic downturns. They explore the implications of a new cryptocurrency launched by a political figure and delve into Tether's role in transactions. The conversation highlights the widening economic gap between everyday Americans and the rich, while critiquing government policies affecting housing prices. Irons also shares insights on Bitcoin's potential and the skepticism surrounding new crypto ventures, sparking intriguing debates throughout.
AI Snips
Chapters
Transcript
Episode notes
Declining Consumer Confidence
- Consumer confidence has plummeted to COVID-19 levels, contradicting optimistic economic narratives.
- This drop is driven by declining expectations for income, business, and labor market conditions.
Trump's Crypto Venture
- Donald Trump launched a new cryptocurrency called One USD, similar to a stablecoin.
- Chris Irons expressed skepticism about stablecoins and their purpose, especially given the emphasis on decentralization in Bitcoin advocacy.
Conference Board Survey
- The Conference Board's consumer confidence survey reveals declining expectations, particularly regarding income.
- The expectations index, a key recession indicator, has dropped to its lowest level in 12 years.