Macro Mondays #58 - What will Kamalanomics look like?
Jul 22, 2024
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Discussing Kamala Harris's economic views, market rotations, CCP Plenum details, and the impact on various sectors. Exploring the use of Venn diagrams, market liquidity, and predictions for economic acceleration. Analyzing macroeconomic indicators, asset classes, and upcoming crypto event.
42:11
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Quick takeaways
Kamala Harris may lack a clear economic philosophy but could have fundamental ideas on capitalism.
Shifts in liquidity and declining growth trends impact commodity valuations and economic conditions.
Deep dives
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Discussion on Kamala Harris and Economic Philosophy
The episode delves into Kamala Harris's economic standpoint, highlighting her potential presidency and its impact. Insights suggest she lacks a clear economic philosophy. While she may have fundamental ideas on capitalism, she may not intervene in monetary policy discussions, reflecting a need to monitor her advisors and cabinet appointments.
Macro Mondays: Joe Biden's Presidential Race Exit
Joe Biden's exit from the presidential race unfolds in the episode, paving the way for Kamala Harris's ascent. Assessments indicate challenges for Harris in defeating Trump, with current polls favoring Trump. The podcast explores the implications of a Harris presidency and its likely economic policies amidst uncertainties.
Market Insights on Commodity Complex and Growth Trajectory
The episode navigates the commodity space, highlighting the devaluation within the copper market and the evolving global economic scenario. Shifts in liquidity and declining growth trends steer discussions on profit expectations and employment indicators. The insights suggest a nuanced understanding of commodity valuations and the trajectory of economic conditions.