The Rest Is Money 165. Trump’s Timebomb: The Warning No One Has Spotted
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Apr 30, 2025 Discover how Trump's chaotic start to his second term is causing economic ripples and market volatility. The discussion dives into the ramifications of his trade policies, leading to a record U.S. trade deficit and potential recession. Explore the chilling impact of recent cyber attacks, including a major incident involving Marks & Spencer, and the dark tactics employed by cybercriminals. The conversation also touches on the promising role of AI in healthcare and inspiring WWII stories amid ongoing challenges.
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Baltic Dry Index Signals Recession
- The Baltic Dry Goods Index foreshadowed 2008 recession by showing shrinking shipping demand.
- Its current fall due to tariffs signals serious economic slowdown and risk of recession in the US.
Tariff Impact Chain Reaction
- Trump's tariffs caused a chain reaction: fewer containers shipped, truckers laid off, empty shelves.
- This supply disruption suppresses consumer spending and risks recession through economic contraction.
Carney's Victory as Anti-Trump Symbol
- Mark Carney's election win in Canada was fueled by opposition to Trump's bullying.
- Carney represents technocratic competence and opposition to populism in contrast to Trump.