Animal Spirits Podcast Ben's Bearish (EP.406)
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Apr 2, 2025 The hosts dive into auto tariffs and their potential impact on the economy, sparking discussions on consumer behavior and trade policies. They explore the uncertainty in the stock market, particularly for tech stocks, emphasizing the need for a long-term investment perspective. Wealth disparities are tackled, reflecting on 401(k) loans and private equity's effect on retirement savings. Humor emerges through anecdotes about expensive coffee and Canadian geese, while also reminiscing about 80s and 90s films and family life, creating a blend of serious and light-hearted insights.
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Tariff Policy's Binary Outcome
- Trump's tariff policy creates a binary outcome: economic devastation or a strategic victory.
- Wall Street and the public seem unprepared for either scenario.
Impact of Auto Tariffs
- Auto tariffs could increase car prices by $5,000-$15,000.
- This will likely lead to longer loan terms, not decreased demand.
Energy Policy Uncertainty
- Uncertainty surrounding Trump's energy policy is freezing corporate planning in the energy sector.
- Executives express concern about the conflicting messages from the administration.