Rebel Capitalist News Should Trump FIRE Powell? Is QE Coming? Week In Review w/Chris Irons
13 snips
Apr 21, 2025 AI Snips
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Tariff Impact on Manufacturing
- The Empire State Manufacturing expectations hit their lowest since 9-11, reflecting a sharp shock from tariffs.
- This drastic drop signals targeted stress in manufacturing, potentially more than a temporary disruption.
Interest Rates Lag and Dollar Fragility
- Rising interest rates' economic impact has a lag, explaining why economy hasn't imploded yet.
- Macro psychological shifts and international moves away from the dollar increase economic fragility.
Housing Price Drops Shatter Wealth
- A mere 2% drop in U.S. housing prices would erase $1 trillion in household net worth.
- The economy's dependence on high asset prices makes even small declines disproportionately damaging.