"The Riff" with Byrne Hobart and Erik Torenberg E70: OpenAI’s Open Source Strategy, Volatility & Tariffs, and Automation’s Consequences w/ Byrne Hobart
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Apr 17, 2025 Dive into the shifting landscape of technology and trade! The discussion highlights the unpredictable impact of Trump's tariffs on U.S.-China relations and the future of manufacturing. OpenAI's potential move to open-source is a hot topic, questioning how it might reshape innovation. The implications for white-collar jobs amidst growing automation also spark debate. Plus, there's a look at the unique challenges facing supply chains and how the U.S. dollar remains a robust global contender despite economic fluctuations.
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Trump Administration Comparison
- The second Trump administration showed increased initial capacity for enacting planned policies.
- However, the tariff decision revealed impulsive decision-making and leaks, resembling the first administration.
Stock and Bond Correlation
- The traditional inverse correlation between stock and bond performance weakens during high inflation.
- Central banks can't simply inject liquidity to boost growth when inflation is a concern.
Market Volatility and Liquidity
- Market volatility increases the price of liquidity, causing significant price swings on minor news.
- This is reflected in the market's rapid reactions to rumors and confirmations of tariff pauses.