Andrew Yang Podcast How Trump’s Trade War Shook the World – And What Comes Next
17 snips
Apr 21, 2025 AI Snips
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Noah Smith's Blogging Origin
- Noah Smith began blogging out of frustration with macroeconomics during the Great Recession.
- His work gained attention from Paul Krugman and grew steadily through various platforms.
Tariffs Destroy Global Alliances
- Trump's tariffs shattered post-WWII economic relationships that may never be restored.
- The damage to the global economy and alliances will last for decades or indefinitely.
Bond Market Risk and Economy
- U.S. Treasury bonds lost their risk-free status, threatening bank solvency and raising interest rates.
- This risks making borrowing costlier for businesses and individuals, slowing economic growth.