Bloomberg Surveillance Bloomberg Surveillance TV: January 21, 2025
Jan 21, 2025
Ken Rogoff, former IMF chief economist and Harvard professor, teams up with David Rubenstein, co-founder of the Carlyle Group, for an insightful discussion. They analyze the impact of fluctuating interest rates and the potential inflationary pressures in the U.S. economy. The duo delves into the dollar's rising influence and its vulnerabilities, particularly with cryptocurrencies on the rise. They also explore how advanced technologies, especially AI, are reshaping business strategies for resilience in a rapidly changing economic landscape.
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US Spending Shift
- The US now spends more on interest than defense, marking a shift in priorities.
- This is due to rising interest rates, not solely attributable to any one administration.
Dollar's Appeal
- The rising interest rates on US debt reflect a change in how the market values the dollar.
- If the dollar was so attractive, these higher rates wouldn't be necessary to entice investors.
Trump Inauguration Impact
- The Trump inauguration is generally positive for business due to its pro-business stance and regulatory approach.
- However, the year's trajectory remains uncertain, with more unknowns than knowns.