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Tariff anxiety turns fun splurges into stress purchases
Apr 16, 2025
Mitchell Hartman, a reporter on industrial production and trade war impacts, joins Joshua Costa, the owner of Sleepwell Recycling, who specializes in mattress recycling. They discuss how tariff anxieties influence discretionary spending, prompting impulsive purchases as a coping mechanism in uncertain times. The conversation touches on Bitcoin's potential as a digital safe haven, and highlights the resilience of communities like Altadena recovering from disasters, with a focus on sustainability efforts in the recycling industry.
25:38
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Quick takeaways
- Tariff anxieties are leading consumers to make impulsive purchases of non-essential items to regain a sense of control amid economic uncertainty.
- The Altadena Town and Country Club is dedicated to rebuilding and rehirin members affected by the California wildfires, showcasing community resilience.
Deep dives
The Federal Reserve's Dilemma
Fed Chair Jay Powell highlights the complex challenges facing the central bank, particularly the balancing act between rising unemployment and increasing prices. Powell suggests that the Fed may find itself in a difficult position, as cutting interest rates could alleviate unemployment, while raising rates might combat inflation. The economic landscape is further complicated by unprecedented tariff levels that the U.S. has not experienced in modern history. Powell emphasizes the importance of careful monitoring, as there is little contemporary precedent for how to navigate these turbulent economic conditions.
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