Bloomberg Surveillance

Bloomberg Surveillance TV: March 21, 2025

Mar 21, 2025
Nouriel Roubini, NYU Professor Emeritus and Senior Advisor at Hudson Bay Capital, shares insights on the looming risks of stagflation for the US economy due to upcoming tariffs. Seema Shah, Chief Global Strategist at Principal Asset Management, emphasizes smart portfolio positioning during market volatility. Kate Moore, Citi Wealth's CIO, outlines her investment strategies amidst uncertainty. Together, they dissect economic trends and their implications for investors navigating a challenging financial landscape.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

North American Economic Union

  • Nouriel Roubini suggests a North American economic union to resolve tensions and trade imbalances.
  • He proposes free trade in goods, services, capital, labor, data, and technology, similar to the European Union.
INSIGHT

Labor Mobility Challenges

  • Free movement of labor between the U.S. and Mexico is a significant hurdle in forming an economic union.
  • Roubini suggests a transition period like the EU, with restrictions until Mexico reaches a higher per capita income.
INSIGHT

Political Feasibility

  • Roubini's proposal might not gain traction within the current U.S. administration.
  • There's an increasing trend towards economic isolationism rather than reducing trade barriers.
Get the Snipd Podcast app to discover more snips from this episode
Get the app