The David McWilliams Podcast The Doonbeg Doctrine: Trump and the Chaos Economy
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Mar 18, 2025 Dive into St. Patrick's Day diplomacy as Ireland plays a surprising role in Trump's chaos economy. Discover the connections between Trump's low-wage strategies and Ireland's past manufacturing woes. Explore the shifting landscape of Brexit, with speculation about a possible reversal under new leadership. Meanwhile, BRICS emerges as a powerful counterforce to Western influence, reshaping global geopolitics. The conversation covers everything from economic fallout to the evolving dynamics in Europe. Join the lively discussion!
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Trump's Low-Value Focus
- Trump's economic vision prioritizes low-value manufacturing like sneakers and T-shirts.
- This contrasts with a future-oriented focus on high-value tech like semiconductors.
Ireland's Low-Value Past
- David McWilliams recalls Ireland's economic landscape in the late 1970s.
- The focus was on low-value added goods, like the coveted three-in-one stereo.
Recessionary Indicators
- Three key indicators suggest a potential US recession: weakening dollar, rising long bond rate, and falling oil price.
- Collapsing deal flow in mergers and acquisitions further supports this prediction.
