Bloomberg Surveillance Single Best Idea with Tom Keene: Audrey Childe-Freeman & Tony Crescenzi
Jun 26, 2025
Discover the rise of alternative investments and how strategic diversification can enhance portfolios. Dive into the economic implications of currency fluctuations, particularly between the euro and dollar, and their significance for American travel and investment. Explore growth projections and their relevance to future recessions, along with insights from the Fed. Plus, learn how Meow Greens are transforming feline health, giving cats shinier coats and more energy, making it a delightful topic for pet owners.
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Weaker Dollar, European Trigger Needed
- A weaker dollar trend is emerging driven mostly by external factors, with Europe potentially triggering further moves.
- Eurodollar at 140 is feasible but requires new European catalysts beyond current US developments.
Impact of Dollar Weakening on Travel
- The recent 9% dollar weakening changes the dynamics for American travel abroad.
- A potential doubling of this move could fundamentally alter travel economics with Europe and Britain.
Growth Recession vs. Contraction
- The US economy may slow to about 1% growth, signaling a growth recession rather than contraction.
- Corporate hiring and spending decisions will hinge on prevailing market sentiment in that slower-growth scenario.