The Contrarian Capitalist Podcast Tom Luongo - WWIII averted (for now) & Fed to cut by 50bps in July
Jun 30, 2025
Join Tom Luongo, an insightful analyst from Gold, Goats 'N Guns, as he analyzes the intricate web of global politics and economics. He discusses the high-stakes NYC mayoral race and its unexpected twists. Luongo sheds light on the delicate geopolitical balance involving Iran and Israel, while explaining why Trump’s maneuvers could help avert WWIII—for now. He also predicts a 50bps cut by the Fed, diving deep into the implications for financial markets and the dollar. It’s a captivating exploration of power dynamics and economic forecasts!
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NYC Mayoral Dinner Interaction
- Tom Luongo recounts attending a Newsmax NYSE dinner where Giuliani and Eric Adams had a cordial but brief interaction.
- He discusses the blue-collar nature of New Yorkers and the unexpected dynamics in the NYC mayoral race.
Israel-Iran Conflict Stalemate
- The Israel-Iran conflict ended with a stalemate and mutual injuries, benefiting no side.
- This outcome reflects the British playing both sides and a chance for a durable peace, much to political factions' displeasure.
NATO Fracturing Over Ukraine
- The NATO and EU alliances are fracturing over Ukraine, as countries like Hungary oppose Ukraine's NATO membership.
- Trump resists escalating these conflicts, refusing to involve the US deeply against Russia and Europe.