Unchained Bits + Bips: Why the Stock Market Wipeout Might Not Achieve What Trump Wanted - Ep. 802
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Mar 19, 2025 The podcast dives into the turmoil of the financial markets, questioning whether the current economic instability signals a true shift or just noise. Discussions cover the challenges of inflation and tariffs, the potential for stagflation, and the implications for the Fed's relevancy. Bitcoin's underwhelming performance against gold is analyzed, alongside the promise of stablecoin legislation. The hosts also highlight the road ahead for crypto ETFs and speculate on factors that could reignite the next crypto boom.
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Which Tariffs Matter
- Tariffs on China primarily affect furniture costs and are less impactful on overall consumer spending due to deflation in Chinese manufacturing.
- The tariffs to watch are those on Mexico, a significant US trading partner, due to their potential impact on industries like GM and Ford.
Tariff Uncertainty and Commodity Outlook
- While tariffs themselves are adaptable, the uncertainty surrounding them paralyzes markets.
- The outlook for commodities is uncertain, with oil prices dependent on geopolitical factors and demand for other commodities like copper unclear.
Trump's Reality TV Presidency
- Trump's approach to economic policy is described as a "reality TV presidency," iterating on policies in public.
- Wiping out $5 trillion of the stock market, while potentially impacting government revenue, raises questions about the administration's messaging.