Political Currency Trump Vs the Bond Market: Inside the President’s tariffs U-turn
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Apr 10, 2025 The podcast dives deep into Donald Trump's dramatic tariff U-turn, exploring the chaos it unleashed in the bond market and potential economic crisis. Discussions highlight the signs of Republican dissent and the geopolitical impact of U.S. trade policies. The conversation shifts to the UK, examining Prime Minister Keir Starmer's strategies to invigorate the economy post-Brexit. Also on the table are insights from 'Bidenomics' and the tumultuous relationship between trade dynamics and fiscal policies. Expect a blend of humor, market analysis, and political intrigue.
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Trump's "Yippie" U-Turn
- Donald Trump's use of "yippee" to describe market reactions to his tariff U-turn is noteworthy.
- It highlights his unusual communication style and the market's volatility.
Bond Market Power
- The bond market's reaction, not public opinion or stock market fluctuations, ultimately forced Trump's tariff U-turn.
- This underscores the bond market's power and its sensitivity to policy uncertainty.
US Bond Market Vulnerability
- The US experienced a chilling moment as its treasury bond auction went badly, similar to the UK's Liz Truss crisis.
- This exposed vulnerabilities in the US economy, shaking investor confidence.