Bloomberg Surveillance Single Best Idea with Tom Keene: Bob Michele & Gautam Mukunda
Mar 5, 2025
Explore the intricate relationship between tariffs and economic growth, with insights from industry experts highlighting their impact on inflation and investment strategies. Dive into the political landscape as proposed budget cuts to Medicaid are examined, shedding light on their repercussions for low-income voters. The discussion also critiques the narrative of fiscal responsibility among political leaders, serving up a thought-provoking perspective on current events and economic policies.
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Tariffs' True Impact
- Tariffs are viewed as inflationary and growth-inhibiting.
- Bob Michele believes they primarily stifle economies by reducing demand.
Bond Market Advice
- Bob Michele suggests current bond yields are appealing.
- Investors should consider capitalizing on this opportunity.
Budget Balancing Critique
- Gautam Mukunda criticizes the President's claims of balancing the budget.
- He argues Republican plans involve Medicaid cuts impacting low-income voters.