Bloomberg Surveillance Single Best Idea with Tom Keene: Geoffrey Yu & Huw van Steenis
May 12, 2025
Dive into the dynamic interplay of global markets, where asset classes are in constant flux. Discover how the U.S. economy is navigating uncertainties, with insights on the weakening dollar and its impact on exports. The discussion also sheds light on the post-Brexit landscape for the UK and opportunities for trade growth. Additionally, explore the intersection of financial leadership and mental health, emphasizing the importance of supporting small businesses and the role of virtual therapy in well-being.
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Changing U.S. Exceptionalism
- U.S. exceptionalism means investing in U.S. stocks, bonds, and the dollar, but the dollar may soften due to risk premiums.
- A softer dollar isn't bad; U.S. companies becoming exporters could boost earnings like in Europe or Asia.
UK's Lost Economic Edge
- The UK lost its economic exceptionalism post-Brexit, performing worse than Europe economically.
- Improving trade terms or combining markets like UK, Canada, and Ukraine could help revive growth.