Tangle How strong is the economy?
Jun 12, 2025
The podcast dives into the latest U.S. economic trends, tackling the nuances of inflation, job growth, and the intricate dance of tariffs and trade with China. Listeners hear about the mixed economic indicators and what's brewing for interest rates amidst ongoing negotiations. The discussion also touches on America's national debt debate, highlighting public sentiment versus necessary fiscal measures. Additionally, there's a quirky look at urban innovations like drone use and heartwarming stories of tech aiding those in need.
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Jobs and Inflation Update
- The U.S. economy added 139,000 jobs in May, slightly higher than expected with unemployment steady at 4.2%.
- Inflation rose at a slower rate than expected, providing hope that tariff-induced inflation is not guaranteed soon.
Right's View on Economy and Tariffs
- The right views low inflation as evidence tariffs haven't hurt the economy much yet.
- Trump's trade deal with China seems to favor the U.S. heavily on tariffs but raises many questions.
Left's Perspective on Tariffs and Trade
- The left sees inflation effects of tariffs as still to come and doubts the trade deal will resolve key issues.
- Inflation is "dormant," but tariffs could soon raise prices, and the current trade truce is mostly a reset to previous tensions.