The Meb Faber Show - Better Investing
UBS’ Paul Donovan on Tariff Trouble, Swiftonomics & Republican Swings | #579
Apr 11, 2025
Join Paul Donovan, Chief Economist of UBS Global Wealth Management, as he demystifies economic trends with clarity. He discusses the ramifications of tariffs on inflation and consumer behavior, observing a notable shift from goods to experiences. The conversation delves into Japan's economic transformation due to demographic shifts and examines the reliability of economic data amid rising political polarization. Paul also touches on how the emotional dynamics between Republicans and Democrats impact consumer sentiment and economic outlooks.
52:09
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Quick takeaways
- The rising trend of experiential spending over goods reflects a significant shift in consumer behavior influenced by flexible work arrangements and generational preferences.
- Economic data reliability is compromised by outdated survey methods and polarized sentiment, necessitating a more nuanced analysis of real-time economic conditions.
Deep dives
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