Masters in Business The US Economy and Trump Administration Policy with Apollo's Torsten Slok
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Jan 30, 2025 
In this conversation, Torsten Slok, Partner and Chief Economist at Apollo Global Management, shares his insights on the U.S. economy and its resilience post-pandemic. Slok discusses the implications of high hotel costs in New York as economic indicators and dives into the unique traits of the U.S. economy amid global challenges. He analyzes how Trump administration policies might affect inflation and business spending, while advocating for diversified investments in today's market. His expert background enriches the discussion on navigating economic uncertainty.
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Early Career
- Torsten Slok's career began in economics, influenced by his upbringing in Ruskilde, Denmark, and studies at the University of Copenhagen.
- His PhD work led him to Princeton, where Ben Bernanke chaired the economics department.
Danish Education System
- Denmark offers free tuition and a stipend for PhD students, along with free healthcare, funded by higher tax rates.
- This contrasts with the US system, where healthcare and education are typically expensive, but taxes are lower.
IMF and Mongolia
- Torsten Slok's early IMF experience involved working on a program for Mongolia.
- He interacted with high-ranking officials, learning about macroeconomic problems and the IMF's role in providing loans.
