Peter St Onge Podcast Ep 129 Weekly Roundup: Deportations hit the Job Numbers
6 snips
Jul 14, 2025 This week, the discussion dives into how deportations are impacting job numbers, revealing an intricate link between economic policies and employment. It also tackles a proposed Senate bill that could ban direct-to-consumer pharmaceutical ads, raising questions about healthcare and medication usage. The conversation shifts to Germany's pension crisis and economic decline, highlighting the country's financial strains due to immigration and energy policies. Finally, the complex relationship between political influence and central bank independence in the U.S. takes center stage.
AI Snips
Chapters
Transcript
Episode notes
Deportations Impact Job Numbers
- Job creation slows but job openings soar, possibly due to deportations reducing illegal workers and customers.
- High quit rates and falling foreign-born employment support this, with private sector productive jobs barely growing.
Trump's Stalled Economic Agenda
- Trump's economic plan includes tax cuts, deregulation, spending cuts, and investment boom, but most are stalled or blocked.
- Private investment is up but growth is constrained by Fed's high rates and judicial obstacles.
Pharmaceutical Ad Ban Insight
- Pharmaceutical ads directly targeting consumers may be banned, limiting marketing to doctors only.
- Excessive medication use in the US fuels health risks, with many prescriptions unnecessary or harmful.